IFS AB

IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Linköping, Sweden. The company develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. IFS has over 4000 employees that support more than 10,000 customers worldwide from a network of local offices and a growing ecosystem of partners.[4][5]

IFS AB
Private[1]
IndustryEnterprise software
GenreERP, EAM, and Field Service Management.
Founded1983 (1983)
Headquarters
Linköping
,
Sweden
Area served
Worldwide
Key people
Darren Roos (CEO)
Revenue USD 668 million (2020)[2]
OwnerEQT[3]
Number of employees
4,000 (2020)
Websitewww.ifs.com

History

Early years (1983-1996)

IFS was founded in 1983 in Sweden and launched its first software product IFS Maintenance in 1985. Five years later the complete product suite known as IFS Applications was launched. In the next several years saw IFS expanding its presence in the Scandinavian region with establishment of offices in Norway, Finland, Denmark and then expanding outside Scandinavia into Poland. 1993, saw IFS introducing its first graphical user interface and expanding to Malaysia. In 1995, it expanded to North America.

Expansions (1996-2015)

In 1996, IFS was listed in the Swedish stock exchange and the product was made into a component based one. This was followed with the launch of its web client and its establishment of an RnD center in Colombo. 2001 saw IFS introducing mobile clients and Java based internet portals. In 2004, NEC acquired a 7.7% of IFS share capital. By 2005, IFS Applications had more than 500,000 users. 2008 saw IFS launching its new GUI and the start of several acquisitions.[6]

Investment by EQT (2015- )

In 2015, IFS had reached more than one million global users and was acquired by EQT, a Swedish private equity group. IFS released its most recent ERP system, IFS Applications 10, in 2018 – the same year that Darren Roos was appointed as CEO,[7] followed by IFS Field Service Management 6 in 2019.[8][9]

Acquisitions
Acquisition numberAcquired companyAcquisition dateSpecialtyCountry of originAcquisition costs
1 MultiPlus Solutions 2009[10] Project-based solutions Norway
2 360 Scheduling 2010[11] Scheduling engine United Kingdom
3 Metrix LLC 2012[12] Field service management United States
4 Mxi Technologies Ltd 2016[13] Integrated and intelligent maintenance management software solutions Canada
5 mplsystems Limited 2017[14] Omni-channel contact centre and customer engagement software United Kingdom
6 Field Service Management Limited 2017 Field service management solutions United Kingdom
7 WorkWave LLC 2017[15] Service management solutions United States
8 Astea International 2019[16] Field Service management solutions United States

See also

References
  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". Retrieved 2020-03-05.
  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 on BBC: Environment aware: How business can be green
  6. Acquisition of 360 Scheduling
  7. "IFS Acquires 360 Scheduling". Retrieved 2019-03-18.
  8. "EQT-owned IFS appoints Darren Roos as new CEO". Retrieved 2019-03-18.
  9. "ERP and MRO Management Software for the Aviation Industry". Retrieved 2019-03-18.
  10. "IFS Acquires Multiplus Solutions". Retrieved 2019-03-18.
  11. "IFS Acquires 360 Scheduling". Retrieved 2019-03-18.
  12. "Metrix Acquisition". Archived from the original on 2012-10-10. Retrieved 2013-09-08.
  13. "IFS Acquires Mxi Technologies". Retrieved 2019-03-18.
  14. Brooks, Steve (3 August 2017). "IFS doubles down on FSM -". Archived from the original on 2018-12-29. Retrieved 2019-01-09.
  15. "EQT-owned IFS buys U.S. WorkWave in its biggest acquisition ever". 28 September 2017 – via www.reuters.com.
  16. "IFS completes acquisition of global FSM software provider ASTEA INTERNATIONAL". IFS. 11 December 2019 – via www.ifs.com.
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