IBX Group AB
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IBX (official name: IBX Group AB) is a
Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...
company that was established in 2000. IBX supports large and medium-sized organisations in providing procurement expertise in terms of consulting, operational and strategic procurement services based on the IBX On-demand Platform technology. Among the customers of IBX are companies from all sectors such as
Ericsson (lit. "Telephone Stock Company of LM Ericsson"), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in informat ...
, SEB,
Volvo Group The Volvo Group ( sv, Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distributio ...
,
Deutsche Post The Deutsche Post AG, operating under the trade name Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies. T ...
World Net,
Skanska Skanska AB () is a multinational construction and development company based in Sweden. Skanska is the fifth-largest construction company in the world according to ''Construction Global'' magazine. Notable Skanska projects include renovation of t ...
,
Novo Nordisk Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, with production facilities in nine countries, and affiliates or offices in five countries. Novo Nordisk is controlled by majority shareholder ...
, and
Lufthansa Deutsche Lufthansa AG (), commonly shortened to Lufthansa, is the flag carrier of Germany. When combined with its subsidiaries, it is the second- largest airline in Europe in terms of passengers carried. Lufthansa is one of the five founding m ...
. In 2010, IBX Group was acquired by
Capgemini Capgemini SE is a multinational information technology (IT) services and consulting company, headquartered in Paris, France. History Capgemini was founded by Serge Kampf in 1967 as an enterprise management and data processing company. The compa ...
. In 2017, IBX Group was acquired by
Tradeshift Tradeshift is a cloud based business network and platform for supply chain payments, marketplaces, and apps. Its 2018 round of funding, led by Goldman Sachs, raised US$250 million at a valuation of $1.1 billion, giving the company unicorn sta ...
.


History

IBX was established in October 2000, through an initiative from Ericsson, SEB, b-business partners and the founders. The founders are Hans Ahlinder, Björn Böhme, Christer Hallqvist and Peter Lageson. The initial period was used to set up an application environment and to implement the two first customers: Ericsson and SEB. As a part of this, IBX signed agreements with
SAP Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separa ...
and ''Commerce One'' in November 2000. Since 2001, IBX is continuously growing and present in other
North European The northern region of Europe has several definitions. A restrictive definition may describe Northern Europe as being roughly north of the southern coast of the Baltic Sea, which is about 54th parallel north, 54°N, or may be based on other g ...
countries:
Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark ...
,
Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...
(2001) and
Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
(2002). IBX takes another step on the European market, when the company signs a five-year agreement with Deutsche Post World Net. In March 2005, IBX acquires the German e-commerce company ''trimondo GmbH''. The acquisition establishes IBX in
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
. In August 2006, IBX acquires German ''Portum AG'', a supplier of web-based solutions for strategic purchasing (
E-sourcing A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. Thus, there is one buyer and many potential sellers. In an ordinary auction al ...
). IBX has 232 employees in offices around the world and has operations in more than 80 different countries. IBX operated at the following locations: Stockholm-Bromma (headquarters),
Copenhagen Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan ar ...
-Vallensbæk Strand,
Helsinki Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of U ...
,
Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...
,
Kraków Kraków (), or Cracow, is the second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city dates back to the seventh century. Kraków was the official capital of Poland until 1596 ...
(service desk),
Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...
(Capgemini) and
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...
. In 2017, IBX was acquired by Tradeshift creating "the world’s largest business commerce platform connecting nearly 1.5 million businesses and more than 500 global enterprise customers that have access to the largest supply-chain app ecosystem".


Solutions and Services

IBX provides
software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...
purchasing technology based on their IBX On-demand Platform. The scalable on-demand delivery model of IBX software for sourcing and
procurement Procurement is the method of discovering and agreeing to terms and purchasing goods, Service (economics), services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agenc ...
accelerates deployment and puts the emphasis on the users and the usage instead of technology issues. The benefits of an on-demand delivery model include lower upfront costs, lower
total cost of ownership Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept that can be used in full cost accounting or even ecolog ...
or a fast
return on investment Return on investment (ROI) or return on costs (ROC) is a ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favourably ...
. In 2010, IBX joined forces with Capgemini in order to deliver an end-to-end BPO procurement solution that is called Procurement as a Service.


Publications

IBX publish the bi-annual purchasing professional journal Efficient Purchasing. Founded in 2005, the magazine released its tenth issue in the fall of 2010. Swedish business journalist Johan Beer is editor in chief. In May 2008, IBX published the book Purchasing Transformation. The book provides new perspectives on how a purchasing function must adopt to a changing world.


Management


Management Team

* Leif Bohlin, CEO * René Hogenkamp, CFO * Pontus Björnsson, Senior VP Marketing & Product Management * Michael Worman, Head of Sales and Account Management * Nicklas Brändström, Senior Vice President Application and Operation Management * Veronica Wirén, HR Manager and Global HR Business Partner * Björn Stenecker, VP Head of Professional Services


References

{{DEFAULTSORT:Ibx Group Software companies of Sweden Companies related to the Wallenberg family Information technology consulting firms of Sweden Privately held companies of Sweden Companies based in Stockholm