Tasos Symeonides and Ailsa Symeonides founded the company in 1988. Symeonides, who was born in
Cyprus and migrated to
Glasgow as a child, reportedly got the idea of launching Axios Systems while walking in a park and contemplating how to pay the mortgage on his newly purchased home in the Eskbank area of Edinburgh. Initially, 16 employees worked from the Symeonides residence.
John Menzies, which had previously employed Tasos as a computer systems manager, became Axios Systems' first customer. The business continued to operate from within the family's attic and bedrooms until 1995, when the company moved to Walker Street, near
Haymarket, Edinburgh, and later to nearby Melville Street. In 2004, Targeting Innovation, in partnership with
Scottish Enterprise, named Axios Systems the 'Scottish software company of the year'. In March 2004, Axios was the first organization to achieve BS15000 (now ISO 20000) certification. In 2016,
assyst then achieved accreditation for 16 PinkVERIFY
ITIL processes, the first service management vendor to do so. In March 2021, the company was acquired by
IFS AB and its product was rebranded as
IFS assyst. ==Certifications, governance and compliancy==