IFS AB
Encyclopedia
IFS AB
(fullname Industrial and Financial Systems ) is a global enterprise software company headquartered in Linköping
, Sweden
with 50 offices around the world. IFS provides a component-based extended ERP
suite built on SOA
technology. Its primary product is IFS Applications which it develops, supplies, and implements.
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.
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.
IFS has been first or among the first enterprise software companies to realize innovations including embedded enterprise application search, embedded environmental footprint management and embedded social media navigational functionality.
Aktiebolag
Aktiebolag is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated "AB" or "Ab"...
(fullname Industrial and Financial Systems ) is a global enterprise software company headquartered in Linköping
Linköping
Linköping is a city in southern middle Sweden, with 104 232 inhabitants in 2010. It is the seat of Linköping Municipality with 146 736 inhabitants and the capital of Östergötland County...
, Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
with 50 offices around the world. IFS provides a component-based extended ERP
Enterprise resource planning
Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application...
suite built on SOA
Service-oriented architecture
In software engineering, a Service-Oriented Architecture is a set of principles and methodologies for designing and developing software in the form of interoperable services. These services are well-defined business functionalities that are built as software components that can be reused for...
technology. Its primary product is IFS Applications which it develops, supplies, and implements.
Based in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
, it maintains development centers in Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...
, Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
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.
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.
IFS has been first or among the first enterprise software companies to realize innovations including embedded enterprise application search, embedded environmental footprint management and embedded social media navigational functionality.
IFS timeline
- 1983 - IFS is founded.
- 1985 - IFS launches its first software product, IFS Maintenance.
- 1990 - IFS Applications launched as a complete suite.
- 1991 - IFS expands into Norway and Finland.
- 1992 - IFS opens the first office outside Scandinavia in Poland.
- 1993 - IFS first graphical user interface launched. Expansion begins in Denmark and Malaysia.
- 1994 - IFS Applications among first suits launched on a service oriented architecture.
- 1995 - IFS expands into North America.
- 1996 - IFS listed on the Swedish stock exchange. IFS Applications becomes component-based.
- 1997 - IFS Web Client is launched.
- 1999 - IFS is represented on all continents.
- 2001 - Java-based Internet portals and mobile solutions are introduced.
- 2002 - All components are available as web services.
- 2004 - NECNEC, a Japanese multinational IT company, has its headquarters in Minato, Tokyo, Japan. NEC, part of the Sumitomo Group, provides information technology and network solutions to business enterprises, communications services providers and government....
increases its support for IFS by acquiring 7.7% of IFS share capital. - 2005 - >500 000 users of IFS Applications.
- 2006 - The release of IFS Applications 7. Alastair Sorbie appointed CEO.
- 2007 - IFS delivers solutions for the Intelligent Desktop and project–based solutions
- 2008 - IFS launches a new GUI for increased usability and higher productivity.
- 2009 - Acquisition of MultiPlus Solutions
- 2010 - Acquisition of 360 Scheduling.