From 2000 until the present

2000 - IBX is established in October through an initiative from Ericsson, SEB and b-business partners. 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 and Commerce One in November 2000.

2001 - IBX states its ambition of becoming a Nordic business, with Denmark being the second country to join the system through the arrival of Novo Nordisk as part owner and customer. On 5 December, IBX won the competition for the Norwegian State e-procurement initiative e-handel.no. IBX thus established operations in Norway.

2002 - The year starts with IBX stating that the company is now a member of an international network. The final stage of the pan-Nordic establishment is the addition of Finland. IBX is now present in Sweden, Denmark, Norway and Finland.

2003 - At the end of 2002, IBX had 23 (6) purchasing companies and 250 (135) supplier companies linked to its system. Earnings rose by 30 per cent in 2002 and are expected to increase by a further 50 per cent in 2003. In 2003, IBX is expected to reach a break-even EBITDA level for the whole year – the company’s third year of operation.

2004 - IBX presents figures for 2003 and announces a new stock issue of SEK 45 million, which is intended to make IBX the leading company in Europe. Skanska selects IBX as its supplier. The contract represents a major breakthrough for IBX within the building and construction centre and covers Skanska’s critical flow of construction materials. IBX strengthens its position in the entire Nordic signing deals with, among others, Saab in Sweden, Finnair in Finland, Helse Ost in Norway and Lundbeck in Denmark. IBX takes an important step on the European market, when the company signs a five-year agreement with Deutsche Post World Net. The agreement, which is global, comprises 5 000 suppliers in more than 20 countries.

2005 - IBX presents its results for 2004. Operating results before depreciation and amortisation show a profit of SEK 9 million. In 2004 IBX processed 1 million purchasing orders with a total purchasing volume of SEK 27 billion. Volvo increases its collaboration with IBX to include global purchasing solutions. The European paper industries launch the joint eProcurement initiative PPConnect and choose IBX as a supplier of eProcurement solutions and supplier network. In March, IBX acquires the leading German e-commerce company trimondo GmbH. The acquisition establishes IBX in Europe. The LEGO Group and IBX sign a three-year agreement including e-commerce solutions and consulting services.

2006 - IBX presents its results for 2005 and strengthens its position as the leading European Purchasing Solutions provider with net revenues for the full year increasing by 55 per cent to SEK 187 million (120), while operating income before depreciation rose to SEK 15 million (9). Tuve Johannesson is elected New Chairman of IBX's Board of Directors. Tuve Johannesson is the former head of Volvo. In August IBX acquires German Portum AG, a leading supplier of web-based solutions for strategic purchasing (e-sourcing). IBX enters into a ten-year cooperation agreement with SAP, based on their purchasing solution, mySAP SRM. IBX signs new contracts with Hydro Aluminium, Avinor, three public health authorities in Norway, Cloetta Fazer, NCC and expands the collaboration with Lufthansa.

2007 - IBX presents the result of 2006 with a net revenue 35 percent growth. IBX increased results before depreciations (EBITDA) by 53 percent to MSEK 23 (MSEK 15), and improved its result before tax to MSEK (2.0) (MSEK 0.1). During 2007 IBX extends the partnership with Thomas Cook to rollout IBX eProcurement throughout their entire enterprise and have signed new agreement with Fazer Group and GEA for strategic sourcing. IBX also have signed agreement with PwC to manager the rollout and operation of IBX complete web-based on demand procure-to-pay solution. SAS Group and IBX initiate strategic partnership, the agreement, which comprises sourcing and procurement as well as support with its organizational re-design of the groups purchasing functions, is a central aspect of SAS new action program. Following two major contracts with British clients, IBX now announces the opening of a new office in Oxford, United Kingdom with the intention of building a strong presence in the British market.