[The following Blog entry is an excerpt from SFG℠‘s Analysts Take on the impact of IFS’s acquisition of Astea on the FSM competitive landscape. You may either read ahead, or simply “click” on the link provided below to download a complimentary copy of the entire report. Please note, however, that since this is still a developing story, follow our Blog for updated information as it becomes available. Happy reading!
To access the complimentary Analyst Take paper, please click here: @@@ IFS-Astea Analysts Take Paper (Final Draft – 19-10-16).]
On October 8, 2019, IFS, the Sweden-based global enterprise applications company, announced that it had signed a definitive agreement to purchase global software company, Astea International (USOTC: ATEA). According to the joint press release published that day, “The transaction will enable the combined company to serve more customers in more markets, through a broader network of the best talent and partners in the industry”.
The primary rationale for IFS leading up to the acquisition was “to strengthen [the company’s] global leadership in [the] Field Service Management business.” It also believed that the “Combined company will have strengthened leadership position in Field Service Management (FSM) by integrating two of the most established and well recognized players in the market.”
SFG℠’s “Take” on the Impact of the Acquisition – Why Astea? Why Now?
- Astea has been on the list of potential acquires for as long as many of the market analysts can remember. It is not a surprise that it has finally been acquired – the real surprise is that it took so long.
- [Plus, 10 more reasons!
[Read the full SFG℠ Analysts Take paper for all the current details!]