IFS AB

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IFS AB
Private[1]
Industry Computer software
Founded 1983 (1983)
Headquarters Linköping, Sweden
Key people
Darren Roos,
CEO
Products Enterprise resource planning, Enterprise asset management, Field service management
Revenue Increase SEK 4.2 billion (2017)[2]
Owner EQT[3]
Number of employees
3,500 (2018)
Website www.ifsworld.com[2]

IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Linköping, Sweden, with 3,500 employees.[4] IFS provides component-based extended enterprise software for ERP, EAM and FSM[5]. Its primary product is IFS Applications which it develops, supplies, and implements.[6][7][8]

Headquartered in Sweden, it maintains development centers in Sweden, Sri Lanka, Poland and North America while operating as a multinational corporation through subsidiaries in the Americas, Europe, Africa, and Asia Pacific.

IFS focuses on four core strategic processes: service & asset management, manufacturing, supply chain and projects. IFS develops, supplies, and implements IFS Applications™,[9] a component-based extended enterprise software suite built on SOA technology and layered architecture.[10] IFS provides software solutions that primarily focus on manufacturing, project-based and asset-intensive industries.[11]

IFS was named as a Leader in two of Gartner's Magic Quadrants: Field Service Management[12] and single-instance ERP for product-centric midmarket companies.[13]

IFS has been first or among the first enterprise software companies to realize innovations including embedded enterprise application search,[14] embedded environmental footprint management [15] and embedded social media navigational functionality.[16]

IFS timeline[edit]

  • 1983 - IFS is founded.
  • 1985 - IFS launches its first software product, IFS Maintenance.
  • 1990 - IFS Applications launched as a complete suite.
  • 1991 - IFS expands into Norway and Finland.
  • 1992 - IFS opens the first office outside Scandinavia in Poland.
  • 1993 - IFS first graphical user interface launched. Expansion begins in Denmark and Malaysia.
  • 1994 - IFS Applications among first suits launched on a service-oriented architecture.
  • 1995 - IFS expands into North America.
  • 1996 - IFS listed on the Swedish stock exchange. IFS Applications becomes component-based.
  • 1997 - IFS Web Client is launched.
  • 1997 - IFS established in Sri Lanka.
  • 1999 - IFS is represented on all continents.
  • 2001 - Java-based Internet portals and mobile solutions are introduced.
  • 2002 - All components are available as web services.
  • 2004 - NEC increases its support for IFS by acquiring 7.7% of IFS share capital.
  • 2005 - >500 000 users of IFS Applications.
  • 2006 - The release of IFS Applications 7. Alastair Sorbie appointed CEO.
  • 2007 - IFS delivers solutions for the Intelligent Desktop and project–based solutions
  • 2008 - IFS launches a new GUI for increased usability and higher productivity.
  • 2009 - Acquisition of MultiPlus Solutions
  • 2010 - Acquisition of 360 Scheduling.[17]
  • 2011 - Acquisition of LatinIFS[18]
  • 2012 - Acquisition of Metrix[19]
  • 2013 - The release of IFS Applications 8.
  • 2015 - IFS Announce 1 million global users[20] and releases IFS Applications 9 at World Conference, Boston.[21]
  • 2015 - IFS is acquired by EQT[22]
  • 2016 - Acquisition of Mxi Technologies[23]
  • 2017 - Acquisitions of mplsystems, FSM (UK)[24], WorkWave[25]
  • 2018 - Darren Roos appointed as CEO[26]
  • 2018 - The release of IFS Applications 10[27]

See also[edit]

References[edit]

  1. ^ https://www.eqtpartners.com/Investments/Current-Portfolio/ifs/
  2. ^ http://www.ifsworld.com/corp/company/financial-results
  3. ^ http://eqtpartners.com/investments/current-portfolio/ifs
  4. ^ [1]
  5. ^ http://www.ifsworld.com/corp/company/about-ifs/
  6. ^ ABOUT IFS
  7. ^ IFS
  8. ^ http://www.ifsworld.com/en/solutions/ifs-applications/
  9. ^ http://www.ifsworld.com/en/solutions/ifs-applications/
  10. ^ http://www.ifsworld.com/en/sitecore/media-library/assets/2014/07/17/07/40/white-papers-ifs-applications-8-architecture-and-technology/
  11. ^ Industries
  12. ^ http://www.ifsworld.com/corp/news-an-events/newsroom/2017/10/04/ifs-named-a-leader-in-gartner-2017-magic-quadrant-for-field-service-management/
  13. ^ http://www4.ifsworld.com/l/5332/2015-02-05/xvd87
  14. ^ Industry Week EAS article
  15. ^ Canadian Manufacturing Environmental Footprint Article
  16. ^ Information Week Social Media Article
  17. ^ 360 Acquisition
  18. ^ LatinIFS Acquisition
  19. ^ Metrix Acquisition
  20. ^ http://www.ifsworld.com/in/news-and-events/newsroom/2015/05/05/16/31/1000000-users-of-ifs-solutions/
  21. ^ http://www.lifehacker.co.uk/2015/05/05/ifs-applications-9-what-you-really-need-to-know-about-the-enterprise-software-suite
  22. ^ http://www.ifsworld.com/au/news-and-events/newsroom/2015/11/30/07/30/eqt-vii-acquires-68-of-votes-and-63-of-capital-in-ifs-for-sek-36250-per-share/
  23. ^ https://www.reuters.com/article/ifs-acquisition/eqt-backed-software-firm-ifs-buys-canadas-mxi-technologies-idUSL5N1E83XL
  24. ^ https://www.enterprisetimes.co.uk/2017/08/03/ifs-doubles-down-fsm/
  25. ^ https://www.reuters.com/article/ifs-eqt-workwave-acquisition/eqt-owned-ifs-buys-u-s-workwave-in-its-biggest-acquisition-ever-idUSL8N1M81WV
  26. ^ http://www.ifsworld.com/corp/news-and-events/newsroom/2018/03/05/darren-roos-appointed-as-ceo-of-ifs/
  27. ^ http://www.ifsworld.com/us/solutions/ifs-applications/

External links[edit]