International Decision Systems
| Company type | Private |
|---|---|
| Industry | Computer software Information Technology |
| Founded | 1974 |
| Headquarters | , |
Area served | Worldwide |
Key people | Tom Thomas (CEO) |
| Products | Rapport InfoAnalysis Infolease Profinia Rapport360 |
| Website | idsgrp.com |
International Decision Systems (IDS) is a software development company that creates software for financial institutions and equipment-leasing companies.[1][2]
History
IDS was originally founded in 1974 as Decision Systems. In 2000, the company changed its name to International Decision Systems when it went public in a merger with the british company CFS. Two years later in 2003, the company was bought back by the managers of IDS for $25 million.[1] IDS announced in 2004, that it would be selling its IDS Center building in downtown Minneapolis for an estimated $225 million.[3] In 2008, IDS filed papers for an IPO hoping to raise $86 million.[2]
Company Overview
International Decision Systems, Inc. provides asset finance and portfolio management software for the asset financing industry.[4]
Controversies
A lawsuit was filed against IDS in 2003, shortly after IDS managers bought back the company. Capital Stream Inc. filed a $20 million lawsuit alleging IDS executives used insider knowledge to buy the company.[5]
References
- ^ a b Reilly, Mark (September 12, 2003). "Managers buy Int'l Decision Systems". Minneapolis / St. Paul Business Journal. Charlotte, North Carolina: Advance Publications. OCLC 50656543. Archived from the original on 28 October 2010. Retrieved 25 October 2010.
- ^ a b Kennedy, Patrick (February 15, 2008). "IDS Group Seeks to Raise $86 Million in I.P.O." New York Times. Manhattan, New York: Arthur Ochs Sulzberger, Jr. ISSN 0362-4331. OCLC 1645522. Retrieved 28 October 2010.
- ^ "IDS Center will be put up for sale this fall The landmark could fetch more than $225 million". Star Tribune. Minneapolis, Minnesota: Michael J. Klingensmith. July 15, 2004. ISSN 0895-2825. OCLC 17304317. Retrieved 28 October 2010.
- ^
"International Decision Systems, Inc". Bloomberg Businessweek. New York City: Bloomberg L.P. 09/8/2010. ISSN 0007-7135. OCLC 1537921. Retrieved 1 October 2010.
{{cite journal}}: Check date values in:|date=(help) - ^ Reilly, Mark (October 10, 2003). "New IDS owners slapped with $20M suit by losing bidder". St. Paul Pioneer Press. St. Paul, Minnesota: MediaNews Group. ISSN 0892-1083. OCLC 15617573. Archived from the original on 28 October 2010. Retrieved 28 October 2010.