IFS

IFS is a multinational enterprise software company headquartered in Linköping, Sweden. Established in 1983, IFS specializes in providing comprehensive software solutions that enable organizations to manufacture goods, maintain complex assets, and manage service-focused operations.

With a global presence, IFS operates in over 80 countries and employs more than 7,000 individuals.

Flagship Product

The company's flagship product, IFS Cloud, is a fully composable, AI-powered platform designed for ultimate flexibility and adaptability to meet specific customer requirements and business evolution.

This platform encompasses a wide range of functionalities, including Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM).

By leveraging AI, machine learning, real-time data, and analytics, IFS empowers organizations to make informed strategic decisions and excel at their Moment of Service™.

Industries Served

IFS's software solutions primarily serve industries such as energy and utilities, high-tech manufacturing, aerospace and defense, industrial and medical device manufacturing, and other asset-intensive sectors.

Their products are tailored to suit the demands of large and growing enterprises, as well as those with complex industry requirements.

Strategic Acquisitions

In recent years, IFS has expanded its capabilities through strategic acquisitions including:

• Mxi Technologies Ltd in 2016, enhancing their maintenance management software
• mplsystems Limited in 2017, bolstering their contact center and customer engagement software

These acquisitions have enabled IFS to offer a more comprehensive suite of solutions to its customers.

Financial Performance

As of 2023, IFS reported a net revenue exceeding €1 billion. Software revenue rose 33% year-over-year to €853 million.

This growth underscores the company's strong and consistent performance in the enterprise software market.

Locations

In the United States, IFS has established offices in several cities, including:

• New York City, NY
• Toledo, OH
• Minneapolis, MN