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IFS AB: Pioneering Industrial AI and Enterprise Software Since 1983

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About

Description
Founded in 1983 in Linköping, Sweden, IFS AB (Industrial and Financial Systems) is a global enterprise software company with operations in over 80 countries and more than 7,000 employees. Its main product, IFS Cloud, offers integrated solutions for Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Field Service Management (FSM), Enterprise Service Management (ESM), and Energy & Resources. IFS has positioned itself as a leader in industrial AI, embedding intelligence directly into its software through the IFS.ai platform.

Core Offerings
ERP: Helps manage financials, supply chain, human resources, and manufacturing within a single platform.
EAM: Provides full asset lifecycle support, especially suited for industries like aerospace, defense, energy, and utilities.
FSM: Supports efficient management of mobile workforce, scheduling, and service delivery.
ESM: Based on IFS assyst, helps streamline enterprise-wide service processes and workflows.
Energy & Resources: Tailored tools for oil, gas, and utilities, inherited from the acquisition of P2 Energy Solutions.

Industrial AI and Innovation
IFS.ai is at the core of the company’s innovation, offering predictive analytics, optimization, and anomaly detection. Nexus Black, their AI-focused lab, helps drive new capabilities that support automation and decision-making across asset-intensive industries.

Market and Financial Position
IFS is privately owned, backed by EQT, TA Associates, and Hg. In 2025, a capital raise of 3 billion euros valued the company at approximately 15 billion euros. The company has experienced significant growth, with recurring software revenue increasing rapidly in recent years.

Strategic Growth
IFS has expanded through acquisitions, including Axios Systems, Ultimo, Poka, Copperleaf, and EmpowerMX. These acquisitions have strengthened its offerings across EAM, AI, and industry-specific tools.

Why IFS
IFS focuses on industries that manufacture, maintain, and serve complex assets. Its modular, AI-embedded software helps companies improve operations, enhance resilience, and stay competitive in demanding markets.