| Type | Public (OMX Stockholm: IFS) |
|---|---|
| Industry | Computer software |
| Founded | 1983 |
| Headquarters | Linköping, Sweden |
| Key people | Alastair Sorbie, President and CEO |
| Products | Enterprise resource planning |
| Revenue | SEK 2.6 billion (2009) |
| Employees | 2,700 (2009) |
| Website | www.IFSWORLD.com |
IFS AB (fullname Industrial and Financial Systems ) is a global enterprise software company headquartered in Linköping, Sweden with 50 offices around the world.[1] IFS provides a component-based extended ERP suite built on SOA technology.[2] Its primary product is IFS Applications which it develops, supplies, and implements.[3][4]
Based in Sweden, it maintains development centers in Sri Lanka, Poland and operates as a multinational corporation through subsidiaries in the Americas, Europe North, Europe West, Europe Central, and Africa Asia and Pacific. IFS has a global customer base of 2,000 customers with >500,000 users.
IFS focuses on four core strategic processes: service & asset management, manufacturing, supply chain and projects. IFS develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS provides software solutions that serve manufacturing, project-based and asset-intensive industries. Vertical industries IFS targets include aerospace and defense, asset management, automotive, construction and contracting, energy and utilities, high tech, industrial manufacturing, oil and gas, rail and transit, service providers and telecom.[5]
The company has in 2011 been recognized as being the third largest vendor of enterprise asset management (EAM) software by ARC Advisory Group. ARC identified IFS as having the number one market share position in EAM for aerospace and defense, number two in oil and gas, number three in power generation and the number three spot for market share in EAM across all industries worldwide.[6]
IFS has been first or among the first enterprise software companies to realize innovations including embedded enterprise application search,[7] embedded environmental footprint management [8] and embedded social media navigational functionality.[9]