IFS's Q1 hits significant markers with recurring revenue over 80% of software revenue, cloud revenue growth at 102% and representing over 50% of recurring revenue
LONDON, April 27, 2021 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the first quarter-January to March of 2021. After a strong 2020, Q1 results point to a continuation of the growth trajectory across the entire business and specificall...
Johan Made appointed Chief Commercial Officer at IFS
IFS bolsters Executive Leadership Team to continue growth momentum LONDON, April 15, 2021 /PRNewswire/ -- IFS today announces the appointment of Johan Made as Chief Commercial Officer. In the newly created role, Made will be responsible for driving IFS's growth strategy through inorganic investme...
IFS acquires Axios Systems
LONDON, March 22, 2021 /PRNewswire/ -- IFS, announces it has signed a definitive agreement to purchase Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software. Recognized as a leader in IT Service Management (ITSM) and IT Operations Management (ITOM), Axi...
IFS launches IFS Cloud
- IFS Cloud brings all IFS's industry capabilities and functionality depth together on a single API-based platform - Embedded digital innovation will deliver fast time-to-value and new capabilities, whether customers chose best-of-breed or the entire IFS Cloud platform - Built for the cloud, bu...
IFS is Recognized as a 2020 Gartner Peer Insights Customers' Choice for Cloud ERP for Product-Centric Enterprises
LONDON, Dec. 17, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, has been named a 2020 Gartner Peer Insights Customers' Choice for cloud enterprise resource planning (ERP) for product-centric enterprises. Gartner defines a product-centric cloud ERP suite as a set of products ...
IFS acquires Clevest
LONDON, Nov. 2, 2020 /PRNewswire/ -- IFS announces it has completed the acquisition of Clevest Solutions Inc., the leading provider of mobile workforce management and advanced network deployment solutions in the utilities vertical. This acquisition extends IFS's leadership in service management s...
Call it what you want, digital transformation is still fundamentally human, IFS study finds
LONDON, Oct. 29, 2020 /PRNewswire/ -- The human factor is widely recognized as an essential component to digital transformation success. In fact, over a quarter (27 percent) of companies acknowledge that despite being key, people are often overlooked when planning and executing transformative pro...
IFS's recurring revenues up 41 percent YoY for Q3 YTD, now representing 82 percent of the group's overall software revenue
- IFS extends service management leadership with 86 percent growth for Q3 YTD in service license bookings LONDON, Oct. 22, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for Q3 year-to-date of 2020, encompassing January-September. Th...
Cultural misalignment and poor vendor advice among top reasons for digital transformation derailment, IFS study finds
LONDON, Sept. 9, 2020 /PRNewswire/ -- As digital transformation spend is increasing around the world, businesses look for technology vendors whose ethics (29 percent) and culture (23 percent) align with their own. Interestingly, these considerations trump innovation in the ranking of desirable t...
Carlsberg Taps Field Service Management Solution From IFS to Brew up Excellence
LONDON, July 13, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, announces thatCarlsberg, one of the world's leading brewery groups, has chosen to deployIFS Field Service Management™ (FSM) for its European service organization, comprising sites inDenmark, Sweden, Norway, Fin...
IFS Named a Visionary in Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises Report
- IFS recognized for completeness of vision and ability to execute LONDON, June 25, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, announces that IFS has been named a Visionary in Gartner's Magic Quadrant for Cloud ERP for Product-Centric Enterprises* for its extended ERP ...
Boomi's Data Integration Platform Offers Next-level Connectivity to IFS's Customers With 200 Pre-built Connectors
IFS's business applications for FSM, ERP and EAM can now connect large and fast-changing data pools using Boomi's integration capabilities LONDON, Feb. 18, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its new partnership withBoomi™, a Dell Technologies™ b...
IFS Completes Acquisition of Global Field Service Management Software Provider Astea International
LONDON and HORSHAM, Pennsylvania, Dec. 11, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, announces that it has concluded the acquisition of 100% of the shares of global software company Astea International (USOTC: ATEA). The transaction, initially announced in October 201...
IFS Dominates Legacy Vendors With 47% Increase in License Revenue and 23% Rise in net Revenue
LONDON, Oct. 21, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announces its financial results for the third quarter and year-to-date (YTD) 2019, endingSeptember 30, 2019. A remarkable 23% increase in net revenue YTD has IFS yet again outpacing the market by a facto...
IFS Lays out Blueprint for New era of Intelligent and Autonomous Enterprise Solutions
BOSTON, Oct. 9, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today unveiled its evolved industry-focused architecture at IFS World Conference 2019 inBoston. Faced with uncertainties driven by the pressures of digital transformation and threats of disruption, businesses a...
IFS Delivers New User Experience and APIs to Power its Open and Enabled Enterprise Application Suite
BOSTON, Oct. 8, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announces the availability of major application innovations that redefine the meaning of `open' in service management, enterprise resource management (ERP), and enterprise asset management (EAM). To streng...
IFS and Astea International Announce Definitive Agreement to Strengthen Global Leadership in Field Service Management Business
LONDON and HORSHAM, P.A., Oct. 8, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announced it has signed a definitive agreement to purchase global software company Astea International (USOTC: ATEA). The transaction will enable the combined company to serve more custom...
SportPesa Racing Point Formula 1 Team Selects Software From IFS to Advance Team Operations
LONDON, Sept. 20, 2019 /PRNewswire/ -- SportPesa Racing Point F1 Team is delighted to begin a multi-year partnership withIFS, the global enterprise applications company. Going forward, IFS's cloud-based ERP software will underpin the team's racing operations and back-office needs as the team con...
IFS Reports 48% Increase in License Revenue and 85% Adjusted EBITDA Growth in First Half of 2019
- IFS increases revenue guidance for 2019 to 6.35 billion SEK (equivalent to US $711 million) representing 21% YoY growth LONDON, July 18, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the second quarter and first half of 2019 tha...
Outstanding Performance Continues: IFS reports 67% Increase in License Revenue and 69% Adjusted EBITDA Growth
LINKÖPING, Sweden, April 24, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the first quarter that endedMarch 31, 2019. IFS CEO Darren Roos commented, "Our customer obsession continues to drive our financial results as we once more...