IFS

IFS is a global enterprise software company providing Industrial AI and cloud-based solutions for ERP, asset management, field service, and service management across industries such as manufacturing, energy, and aerospace.

IFS, founded in 1983, develops enterprise software with a focus on Industrial AI for companies that manage complex physical assets and service operations. The company's product suite spans cloud-based Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Field Service Management (FSM), and Enterprise Service Management (ESM), each built to address industry-specific requirements. IFS serves sectors including manufacturing, aerospace and defense, construction and engineering, energy, utilities and resources, telecommunications, and broader service industries.

The company's financial profile reflects strong recurring revenue performance. Annual recurring revenue grew 23% year-over-year, while cloud revenue increased 30% over the same period. Recurring revenue accounts for 83% of total revenue, and the net retention rate stands at 114%, indicating existing customers are expanding their spend. These metrics point to a mature subscription-based business with significant cross-sell and upsell momentum.

IFS operates across more than 90 countries. The company describes its origins as grounded in a hands-on customer approach, with a stated commitment to 24/7 availability for its clients. Its technical work centres on Industrial AI and cloud computing, applied across the asset and service lifecycle of its target industries.