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...
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...
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 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...
IFS positioned highest on Ability to Execute and furthest on Completeness of Vision axes in the 2022 Gartner(R) Magic Quadrant(TM) for Field Service Management
IFS is a Gartner Magic Quadrant Leader for the 7th consecutive time LONDON, Oct. 31, 2022 /PRNewswire/ -- IFS, the global cloud enterprise applications company, is proud to be named a Leader for the seventh consecutive time in the Gartner Magic Quadrant for Field Service Management. In the 2022 ...
IFS continues to deliver strong 2022 financial performance with Q3 Year-to-Date results
* Annual Recurring Revenue increases by 38% YoY * Cloud Revenue grows at 104% Vs. 2021 Q3 YTD * Third consecutive high performance quarter cements IFS leadership in core capabilities LONDON, Oct. 27, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, today reported its f...
IFS helps customers drive towards ESG goals with IFS Cloud October 2022 release
MIAMI, Oct. 13, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, has announced the latest enhancements toIFS Cloud™. The October 2022 release, part of a twice-annual release cycle of the software, contains numerous enhancements designed to help customers meet their environm...
IFS delivers connected operations for global enterprises with October 2022 release of IFS Cloud
MIAMI, Oct. 12, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, has announced theOctober 2022 release of its cloud-based solution, IFS Cloud. In this second communication from its global community event, IFS UNLEASHED, the company details new capabilities that will help gl...
IFS announces winners of the 2022 Partner of the Year Awards
MIAMI, Oct. 11, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, is today announcing the winners of its Partner of the Year Awards. The annual event recognizes partners' continued dedication to the IFS Partner Program, commitment to excellence in the service(s) delivered to...
IFS reports sharp increase in ARR + 33% YoY supporting a shift in the revenue mix with 71% of Total Revenues YTD now being Recurring
* ARR uplift driven by a rapid increase in the share of Cloud* (68% of ACV) and Subscription (78% of ACV) YTD. * Software Revenues YTD representing 76% of Total Revenues LONDON, July 26, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, today reported its financial resul...
Latest IFS assyst Release Automates and Enhances Visibility into Complex Enterprise-Wide Cloud Environments to Drive ROI
IFS introduces new automated discovery tool for better CMDB management, enabling organizations to maximize utilization, improve asset data accuracy, boost compliance, and drive adoption and better user experiences LONDON, July 7, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software com...
IFS acquires ULTIMO
* IFS extends leadership in the EAM software space with ULTIMO's impressive product capabilities and customer base, and expert team. * ULTIMO's SaaS offering differentiated by fast time to value, high levels of flexibility and configurability LINKÖPING, Sweden, July 5, 2022 /PRNewswire/ -- IF...
Global energy service provider Interwell upgrades to IFS Cloud to digitalise and drive dynamic growth
IFS solution will support company transformation and deliver faster access to innovations to drive enhanced performance LONDON, June 23, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that global energy services company, Interwell, has chosen to upgrade i...
IFS listed as #1 in Gartner® Global EAM Market Share 2021 By Revenue
* IFS ranked first in EAM market share by revenue - compared to SAP, IBM, Infor and Oracle - with 18% share and 29.1% growth YoY * IFS set to strengthen leading position with enterprise asset management (EAM) Business Unit expansion and senior appointment LONDON, June 8, 2022 /PRNewswire/ -- ...
IFS Named A Leader in IDC MarketScape for Worldwide SaaS and Cloud-Enabled Manufacturing ERP in 2022
LONDON, May 26, 2022 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that it is positioned in the Leaders categoryin IDC MarketScape: Worldwide SaaS and Cloud-Enabled Manufacturing ERP Applications 2022 Vendor Assessment (doc#US49047922, May 2022). The company a...
Hg joins EQT and TA Associates as investors in IFS and WorkWave
* Hg will become a significant minority investor, in a transaction valuing IFS and WorkWave at$10bln USD. * EQT to remain the majority shareholder, with TA as a significant minority shareholder. * EQT, Hg, and TA will form a trio of world-class investors with decades of software experience,...
Japan Airlines engineering division selects IFS solution for aircraft fleet maintenance
* JAL Engineering Co., Ltd. to deploy IFS aviation maintenance solution in the cloud to modernize long range maintenance planning for its nearly 200 aircraft fleet * Announcement continues IFS expansion of its commercial aviation MRO footprint acrossAsia-Pacific and globally TOKYO,...
