Apex acquires Ibis for #2.5m

Taxation software developer Ibis Business Information Systems has been acquired by Dublin-based accounts production specialist Apex Software in a deal worth #2.5m. The companies have had a distribution agreement for the past 11 months under which Ibis sold the Apex for Windows package in the UK. Apex chairman Bernard Donnelly said the acquisition would lead to better integration of the two applications.

Related reading