IFS – Softeon

IFS North America Inc. (IFS North America), via its wholly owned subsidiary incorporated for the purposes of the transaction, Fjord Merger Sub, Inc. (Merger Sub), proposes to acquire 100% of the issued and outstanding shares of Softeon, Inc. (Softeon) through a reverse triangular merger where:

(a) Merger Sub will merge with and into Softeon; and

(b) Merger Sub will then cease, and Softeon will be the surviving company.

As a result, Softeon will become a wholly owned subsidiary of IFS North America.

IFS North America is owned by Industrial and Financial Systems Aktiebolag, which is headquartered in Linköping, Sweden (together, IFS). IFS develops and commercialises business software for customers that manufacture and distribute goods, maintain assets and manage services-focused operations. Its technology enables manufacturing businesses to maintain complex assets and manage service-focused operations to enhance productivity, efficiency and sustainability.

Softeon is headquartered in Reston, VA. and supplies a supply chain fulfilment software platform for warehouses. Softeon operates in the warehouse management systems segment and provides a suite of supply chain software solutions on a single, integrated services-based technology platform that offers the following cloud-based software capabilities: warehouse management system, warehouse execution system and distributed order management solutions.