International Decision Systems
 | This article needs to be updated. (October 2023) |
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| Company type | Private |
|---|---|
| Industry | Computer software Information Technology |
| Founded | 1974 |
| Headquarters | |
Area served | Worldwide |
Key people | David Hamilton (CEO) Katie Emmel (COO) |
| Products | Rapport InfoAnalysis InfoLease |
| 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
[edit]IDS was 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] In 2008, IDS filed papers for an IPO hoping to raise $86 million.[2]
Company Overview
[edit]International Decision Systems, Inc. provides asset finance and portfolio management software for the asset financing industry. IDS headquarters is located in Minneapolis, Minnesota with additional offices in Sydney, Australia; London, United Kingdom; Singapore; and Bengaluru, India.[3]
Controversies
[edit]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.[4]
References
[edit]- ^ a b Reilly, Mark (September 12, 2003). "Managers buy Int'l Decision Systems". Minneapolis / St. Paul Business Journal. OCLC 50656543. Archived from the original on 11 February 2011. 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. ISSN 0362-4331. OCLC 1645522. Retrieved 28 October 2010.
- ^ "International Decision Systems, Inc". Bloomberg Businessweek. New York City. 8 September 2010. ISSN 0007-7135. OCLC 1537921. Archived from the original on October 7, 2012. Retrieved 1 October 2010.
- ^ Reilly, Mark (October 10, 2003). "New IDS owners slapped with $20M suit by losing bidder". St. Paul Pioneer Press. ISSN 0892-1083. OCLC 15617573. Archived from the original on 31 May 2004. Retrieved 28 October 2010.