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IFS AGREES TO BUY OUT

Alastair Sorbie, IFSIndustrial and Financial Systems, which markets enterprise-level software, has agreed to a buyout from private equity group IGT Holding. While the Swedish-based ERP company is outside of the usual kinds of software vendors covered here, it joins a steady stream of financial software providers that have been taken out of the publicly traded market by the private equity interests. The deal is worth about $1.1 billion.

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ABILA HIRES DEVELOPMENT EXEC

Lars Powers, AbilaNon-profit software vendor Abila, based in Austin, Texas, has hired Lars Powers as VP of software development. He was previously director of application development for Austin-based Newgistics from December 2014 until this month. He served as software development manager for the Austin office of 3M Health Care from August 2011 through November 2013.

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HITACHI SOLUTIONS BUYS IGNIFY

Sandeep Walia, Ignify Hitachi Solutions America has acquired Ignify in the next step in the consolidation of the Dynamics AX market. With $24 million in revenue, Ignify was No. 22 on Bob Scott's Top 100 VARs for 2015. Ignify was founded in 1999 by Sandeep Walia and Pankaj Kumar and sells Dynamics AX, CRM and AX for Retail Point of Sale. Hitachi Solutions does not break out numbers and that means Ignify gets subsumed into the larger company and that's the last we'll have on any details there.

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