IFS becomes a Patron of MIT Center for Information Systems Research (CISR)
Collaboration with CISR will provide access to world-leading exclusive research, insights and development opportunities LONDON, Jan. 17, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that it has become a Patron of the world-renowned MIT Center for Inform...
Mark Moffat Appointed as CEO of IFS
Darren Roos appointed as IFS's Chair of the Board LONDON, Jan. 9, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announces thatMark Moffat has been promoted to Chief Executive Officer (CEO). Moffat takes over fromDarren Roos who has been appointed as the company's ...
IFS Appoints Max Roberts as Chief Operating Officer and Belinda Finch as Chief Information Officer
LONDON, Dec. 5, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that it has made two senior appointments withMax Roberts and Belinda Finch joining the company's executive leadership team as Chief Operating Officer and Chief Information Officer respectively....
IFS Cloud November Release reinforces AI capabilities across automation and optimization with IFS.ai
Further focus on ESG capabilities to accelerate time to value across business operations. LONDON, Nov. 30, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced the general availability of the second of its twice-yearly IFS Cloud releases for 2023. The release i...
IFS delivers strong Q3 2023 results thanks to increased demand for AI
* Year-to-date revenue growth of 33% YoY * Annual recurring revenue (ARR) up 49% YoY LONDON, Oct. 31, 2023 /PRNewswire/ --IFS, the global cloud enterprise software company, today announced its financial results for the year to date (YTD) endingSeptember 30th, 2023. The company repor...
CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities
Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability. LONDON, Sept. 28, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, has shared the latest...
AI named #1 technology needed to derive tangible business value from shift to servitization
* Research reveals that AI (52%), automation (51%) and machine learning (49%), are the foundation for creating business value. * EAM, FSM, and end-to-end business connectivity are seen as further catalysts to making the servitization shift. LONDON, Sept. 12, 2023 /PRNewswire/ -- IFS, the glo...
IFS appoints André Robberts as President for Southern & Western Europe & LATAM
Enterprise software industry heavyweight joins as company doubles down on growth trajectory. LONDON, Sept. 6, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software provider, announces the appointment of André Robberts as the new regional President for Southern andWestern Europe and LAT...
IFS to acquire Falkonry AI
Acquisition positions IFS as the only vendor with leading ERP, EAM, FSM and ESM functionality now able to provide AI-generated anomaly detection to drive automation and optimization of processes and workflows across its entire platform. CUPERTINO, Calif., Aug. 31, 2023 /PRNewswire/ -- IFS, the g...
IFS delivers 38% YoY revenue growth with sharp rise in demand for its AI capabilities
* Mix of Cloud revenue up 55% YoY and ARR up 55% YoY signal robust forward performance. * Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM. LONDON, July 25, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced its fin...
AJ Foyt Racing selects IFS Ultimo EAM software for critical Parts Management, Lifing and Maintenance processes
IFS begins multi-year brand & technical partnership with AJ Foyt Racing CHICAGO, June 22, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, has announced that legendary American racing team AJ Foyt Racing has selected IFS as their strategic technology partner for the 2023, ...
IFS Acquires Poka
* IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency. * The acquisition positions IFS as the only vendor with leading ERP, EAM and FSM capabilities now able to digitally connect worke...
Updating legacy systems, delivering a richer CX and attracting talented workers: Telecoms reveal biggest challenges and top digital priorities in IFS research
* Nearly half (42%) of respondents struggle with outdated internal systems * 67% of CSPs improve CX and 47% attract new skilled workers after adopting new field service management (FSM) technology * Workforce planning and scheduling optimization are the top FSM solution that CSPs plan to ado...
IFS and HOIST launch FLEXPLUS Enterprise Applications Services
The strategic partners have jointly developed FLEXPLUS as an alternative to IFS's Services that is well suited to mid-size customers as they embark on their IFS journey LONDON, June 13, 2023 /PRNewswire/ -- IFS, the global enterprise applications company, has today announced that it has partner...
Manufacturers gambling competitive advantage with slow digital investments and lack of ROI
* Manufacturers with optimized digital transformation (DX) saw profits increase 40% vs. less digitally mature organizations. * Only 26% of manufacturers surveyed are pursuing new revenue streams; while only 28% are engaging with new ecosystems. * Biggest ROI gains come from developing new ...
IFS listed as #1 in 2022 Global EAM Market Share By Revenue for the second consecutive year in a Gartner® report
We believe, IFS composability, industry focus and capabilities continue to make IFS the clear choice for global companies. LONDON, May 18, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that it is ranked #1 in the Enterprise Asset Management market based ...
IFS continues on growth path with robust Q1 performance
* Sustained demand for cloud pushes Q1 cloud revenues up 55% YoY * Strong market penetration drives ARR up 57% YoY and Software revenue up 44% YoY LONDON, April 26, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced its financial results for the quarter end...
IFS appoints Matthias Heiden as Chief Financial Officer
LONDON, March 8, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software provider, announces the appointment ofMatthias Heiden as its new Chief Financial Officer. After a four-year tenure, current CFO Constance Minc will move to the IGT Group level as Chief Financial Officer IGT1, the hold...
IFS marks 25th anniversary of the inception of its operations in Sri Lanka as it sees continued success in technology excellence
LONDON, Feb. 24, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, announced today that it is celebrating the 25th anniversary of the inception of its Sri Lankan operations. Since 1997, IFS has made major investments into the workforce and community, becoming the second larg...
IFS performance outpaces competitors with 5th consecutive year of double-digit growth
* Annual Recurring Revenue (ARR) up 57% YoY driven by bookings from new customers * Cloud revenue up 80% YoY driven by existing and new customers switching to IFS Cloud. LONDON, Jan. 25, 2023 /PRNewswire/ -- IFS, the global cloud enterprise applications company, today announced its financial...
