IFS Hungary to expand
Saturday, April 30, 2005, 14:32
Swedish subsidiary IFS Hungary Kft bought stake in software developer L-SOFT Kft, said the company in a statement. IFS tries to establish its position in central-east Europe an in Hungary. The company signed a contract on calling an option for L-SOFT Kft?s majority stake by 2006, which will grow the amount of transaction to EUR 1 million. IFS will integrate L-SOFT Kft?s software to its system, giving a complete solution in HR and accounting for clients. The new HR and accounting modul was brought in Budapest Airport Rt this spring.