IFS completed the acquisition of Axios Systems.

IFS, a cloud enterprise applications company, completed its acquisition of Axios Systems, a provider of cloud-based enterprise service management software. Financial terms were not disclosed. "It's clear to me that we have acquired a company with many assets and strengths, in a market that is evolving and in need for further disruption. With the investment we are committing as well as our customer-centric approach, I am confident that our current customer base will benefit, which will in turn help attract new customers, and we will further extend IFS's dominance in the overall service management space," Martin Schirmer, IFS President of the Enterprise Service Management Business Unit.