IFS AB

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IFS AB
Private[1]
IndustryComputer software
Founded1983 (1983)
Headquarters,
Key people
Darren Roos,
CEO
ProductsEnterprise resource planning, Enterprise asset management, Field service management
RevenueIncrease SEK 4.2 billion (2017)[2]
OwnerEQT[3]
Number of employees
3,500 (2018)
Websitewww.ifsworld.com[1]

IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Linköping, Sweden. The company maintains development centers in Sweden, Sri Lanka, Poland and North America, with 3,500 employees and corporate subsidiaries worldwide.[4] IFS provides enterprise software for ERP, EAM and FSM. Its primary product is IFS Applications.[5]

Business[edit]

IFS focuses on four core strategic processes: Service & Asset Management, Manufacturing, Supply Chain and Projects.[6]

Critical Acclaim[edit]

IFS named as a leader in two of Gartner's Magic Quadrants: Field Service Management[7] and single-instance ERP for product-centric midmarket companies.[8]

IFS praised as being the first, or among the first enterprise software companies to realize innovations including embedded enterprise application search,[9] embedded environmental footprint management [10] and embedded social media navigational functionality.[11]

History[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.[12]
  • 2011 - Acquisition of LatinIFS[13]
  • 2012 - Acquisition of Metrix[14]
  • 2013 - The release of IFS Applications 8.
  • 2015 - IFS Announce 1 million global users[15] and releases IFS Applications 9 at World Conference, Boston.[16]
  • 2015 - IFS is acquired by EQT[17]
  • 2016 - Acquisition of Mxi Technologies[18]
  • 2017 - Acquisitions of mplsystems, FSM (UK)[19], WorkWave[20]
  • 2018 - Darren Roos appointed as CEO[21]
  • 2018 - The release of IFS Applications 10[22]

See also[edit]

References[edit]

  1. ^ "Archived copy". Archived from the original on 2018-04-21. Retrieved 2019-01-09.CS1 maint: Archived copy as title (link)
  2. ^ "Financial Information". www.ifsworld.com. Archived from the original on 2018-10-31. Retrieved 2019-01-09.
  3. ^ "IFS - EQT". eqtpartners.com. Archived from the original on 2018-04-21. Retrieved 2019-01-09.
  4. ^ "About IFS - Global Enterprise Software Provider". www.ifsworld.com. Archived from the original on 2018-04-10. Retrieved 2019-01-09.
  5. ^ "IFS Applications - Enterprise Software Solutions". www.ifsworld.com. Archived from the original on 2018-04-02. Retrieved 2019-01-09.
  6. ^ "Archived copy". Archived from the original on 2016-04-10. Retrieved 2019-01-09.CS1 maint: Archived copy as title (link)
  7. ^ 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/
  8. ^ "Global Enterprise Software Solution Provider - IFS United States". www.ifsworld.com. Archived from the original on 2018-10-22. Retrieved 2019-01-09.
  9. ^ "IndustryWeek". www.industryweek.com. Archived from the original on 2018-11-29. Retrieved 2019-01-09.
  10. ^ "How green are your machines?". 14 September 2010. Archived from the original on 2017-08-23. Retrieved 2019-01-09.
  11. ^ "Information Week Social Media Article". Archived from the original on 2012-10-20. Retrieved 2011-07-27.
  12. ^ 360 Acquisition
  13. ^ "IFS invests for growth in Latin America—acquires LATINIFS Tecnologia da Informação S.A." www.ifsworld.com. Archived from the original on 2018-04-02. Retrieved 2019-01-09.
  14. ^ "Metrix Acquisition". Archived from the original on 2012-10-10. Retrieved 2013-09-08.
  15. ^ "1000000 users of IFS solutions". www.ifsworld.com. Archived from the original on 2018-04-10. Retrieved 2019-01-09.
  16. ^ "IFS Applications 9: What You Really Need to Know About the Enterprise Software Suite". Lifehacker UK. Archived from the original on 2018-06-14. Retrieved 2019-01-09.
  17. ^ "EQT VII Acquires 68% of Votes and 63% of Capital in IFS". www.ifsworld.com. Archived from the original on 2018-04-10. Retrieved 2019-01-09.
  18. ^ "EQT-backed software firm IFS buys Canada's Mxi Technologies". 13 December 2016. Archived from the original on 2016-12-15. Retrieved 2019-01-09 – via www.reuters.com.
  19. ^ Brooks, Steve (3 August 2017). "IFS doubles down on FSM -". Archived from the original on 2018-12-29. Retrieved 2019-01-09.
  20. ^ "EQT-owned IFS buys U.S. WorkWave in its biggest acquisition ever". 28 September 2017 – via www.reuters.com.
  21. ^ "Darren Roos Appointed as CEO of IFS". www.ifsworld.com. Archived from the original on 2018-04-10. Retrieved 2019-01-09.
  22. ^ "IFS Applications - Enterprise Software Solutions". www.ifsworld.com. Archived from the original on 2018-04-02. Retrieved 2019-01-09.

External links[edit]