IFS’ Acquisition of Axios Systems PLC

In UK Charles Russell Speechlys, advised on the matter.

Charles Russell Speechlys advised IFS AB with a team including Mark Bailey (IP&IT), Helen Coward (Tax M&A and Deal Advisory), Mark Howard (Picture – Corporate M&A).

IFS acquired Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software.

For over 30 years, Axios Systems has been committed to helping customers achieve business success through the effective and efficient management of their IT services and systems. Recognized as a leader in IT Service Management (ITSM) and IT Operations Management (ITOM), Axios Systems has built a reputation for the quality of its omnichannel service management solution, which many of the world’s most respected brands rely on, including: Aviva, KPMG, FedEx and many more.

Over the years, IFS has significantly invested in its Service Management business, which grew over 100 percent year on year in 2020. The acquisition of Axios Systems adds further depth to IFS’s capabilities with new ITSM and ITOM functionality that will help companies improve the design and automation of workflows, drive efficiency internally, and connect data across teams and systems to ultimately create opportunities to better serve its customers. The combination of IFS and Axios Systems is instrumental in extending IFS’s ambition to cement itself as the market leader in the Service space.

The Charles Russell Speechlys team was led by Corporate Partner Mark Howard (Picture) and Senior Associate Mo Wang, and included Alex Stevens, Jamie McMurray and Amy Shuttleworth (Corporate), Mark Bailey and Chris Ingram (Commercial), Andy Williams and Kelly Evans (Employment), Helen Coward and Anna Reynolds (Tax) and Mark White (Real Estate).

 

Involved fees earner: Mark Bailey – Charles Russell Speechlys; Helen Coward – Charles Russell Speechlys; Kelly Evans – Charles Russell Speechlys; Mark Howard – Charles Russell Speechlys; Chris Ingram – Charles Russell Speechlys; Anna Reynolds – Charles Russell Speechlys; Alex Stevens – Charles Russell Speechlys; Mo Wang – Charles Russell Speechlys; Mark White – Charles Russell Speechlys; Andy Williams – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: IFS AB;

Author: Giulia Di Palma