IFS

IFS

Cloud-based ERP, EAM, FSM, ESM solutions

Overview

IFS provides cloud-based enterprise software for large organizations, covering ERP, Enterprise Asset Management (EAM), Field Service Management (FSM), and Enterprise Service Management (ESM). It helps industries like aerospace and defense, energy utilities, construction and engineering, manufacturing, and telecommunications run operations more efficiently. The software is licensed and accessed via the cloud, with implementation services, support, and consultancy to tailor the system and ensure successful adoption. IFS aims to help organizations optimize operations, improve productivity, and support sustainability with an integrated, scalable platform.

About IFS

Simplify's Rating
Why IFS is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consulting

Enterprise Software

Company Size

5,001-10,000

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$3.3B

Headquarters

Linköpings kommun, Sweden

Founded

1983

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Simplify's Take

What believers are saying

  • AVEVA partnership strengthens IFS in asset decision intelligence and capital planning.
  • IFS Loops Agent Studio expands no-code automation for enterprise customers.
  • 25% ARR growth and 114% net retention show strong expansion momentum.

What critics are saying

  • SAP and Oracle pressure core ERP pricing with broader suite bundling.
  • Microsoft, ServiceNow, and Salesforce threaten workflow and service-management upsell paths.
  • Automation and AI features face commoditization from faster horizontal vendors.

What makes IFS unique

  • IFS combines ERP, EAM, FSM, and ESM for complex asset-heavy industries.
  • Its Industrial AI focuses on closed-loop decisions from sensors to execution.
  • The Softeon acquisition broadened IFS into warehouse operations in March 2026.

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Funding

Total Funding

$3.3B

Above

Industry Average

Funded Over

1 Rounds

Growth Equity Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity Non VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

FSA

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

Remote Work Options

Hybrid Work Options

Flexible Paid Time Off

Tuition Reimbursement

Wellness Program

Mental Health Support

Conference Attendance Budget

Professional Development Budget

Family Planning Benefits

Fertility Treatment Support

Phone/Internet Stipend

Home Office Stipend

Student Loan Assistance

Parental Leave

Adoption Assistance

Employee Discounts

Gym Membership

Meal Benefits

Commuter Benefits

Relocation Assistance

Performance Bonus

Profit Sharing

Stock Options

Company Equity

401(k) Company Match

Tuition Reimbursement

Education Allowance

Company News

Enterprise IT World MEA
May 20th, 2026
AVEVA and IFS join forces to bridge the gap between industrial insight and action.

AVEVA and IFS join forces to bridge the gap between industrial insight and action. New AI-powered 'Continuous Asset Decision Intelligence' solution connects operations, enterprise systems, and capital planning AVEVA and IFS have announced a strategic technology partnership to advance AI-powered asset decision intelligence, unveiling a new solution called Continuous Asset Decision Intelligence at AVEVA World 2026 in Milan. The collaboration aims to connect operational data, enterprise workflows, and strategic planning into a single, intelligent decision-making framework for asset-intensive industries. The partnership addresses a longstanding industry challenge: fragmented data across operational and enterprise systems. While real-time operational data is typically available at the plant or asset level, critical information such as maintenance history, workforce availability, spare parts, and capital investment plans often reside in separate systems. This disconnect slows decision-making and limits organizations' ability to respond effectively. "Industrial intelligence only becomes real when you have the complete picture from sensor to boardroom." - Caspar Herzberg, CEO, AVEVA According to Caspar Herzberg, CEO of AVEVA, the collaboration is focused on breaking down these silos and enabling organizations to leverage a full, connected view of their operations. He emphasized that when data flows seamlessly from sensors to executive decision-makers, organizations can act faster and with greater confidence. Mark Moffat, CEO of IFS, reinforced the importance of translating insight into execution. He noted that the partnership enables enterprises to evaluate asset performance and determine the best course of action whether to repair, defer, or replace based on a continuous flow of data and AI-driven recommendations. "Together, we can help customers decide what work to do, when to do it, and whether to repair, defer or replace with evidence from signal to outcome." - Mark Moffat, CEO, IFS The solution integrates three key layers: operational intelligence, enterprise execution, and capital planning, creating a unified decision flow across the asset lifecycle. For industries such as utilities, energy, and manufacturing, this allows emerging issues to be assessed at a portfolio level rather than as isolated events. "This partnership closes the distance between insight and action by unifying operational intelligence with enterprise execution." - Jeffrey Hojlo, IDC Industry analysts view this approach as a major step toward closing the gap between analytics and action. Jeffrey Hojlo of IDC highlighted that the integration creates a "closed-loop digital thread" that supports not only real-time decision-making but also advanced AI capabilities such as predictive and agentic systems. By enabling real-time, evidence-based decisions, the AVEVA-IFS partnership is expected to improve asset reliability, optimize capital allocation, and strengthen regulatory compliance. As industrial organizations face increasing pressure to enhance efficiency and sustainability, the collaboration positions continuous, AI-driven decision intelligence as a critical capability for the future of connected industries.

PR Newswire
Mar 10th, 2026
IFS launches AI-powered logistics platform to transform transport management for enterprises

IFS has launched IFS.ai Logistics, an AI-powered logistics intelligence platform for enterprises managing complex multi-carrier transport networks. The solution, built on technology from 7bridges acquired in 2025, delivers a closed operational loop spanning transport planning, automated execution, freight audit and network optimisation. The platform addresses logistics costs, which typically represent 5–10% of enterprise revenue but remain difficult to govern due to fragmented data. IFS.ai Logistics provides AI-driven carrier selection, zero-touch automated execution, finance-grade freight audit validation and network simulation capabilities. Operating within IFS Cloud, the solution standardises fragmented transport data into a single intelligence layer. The platform is available now and was announced at IFS Connect 2026 in Munich. IFS already manages $2.4 trillion in critical assets for customers globally.

Oil & Gas News (OGN)
Mar 1st, 2026
IFS AI solution for utilities tackes rising demand

IFS AI solution for utilities tackes rising demand. Sun, 01 Mar 2026 The platform tackles aging infrastructure, extreme weather, workforce, and expectations IFS has launched Nexus Black Resolve for Utilities, an AI-powered solution designed to transform field service operations for utilities. The platform addresses challenges like aging infrastructure, extreme weather, workforce shortages, and rising customer expectations. Built on IFS Field Service Management, it offers intelligent crew callouts, real-time workforce visibility, AI-guided coordination, and Mutual Aid capabilities for disaster response. Enhanced mobile tools support field crews with real-time data and equipment insights. Integrated with IFS's Asset Lifecycle Management suite, Resolve enables faster restoration, smarter operations, and resilient grid management, positioning IFS as a trusted global partner for utilities. Kriti Sharma, CEO of IFS Nexus Black, said: "Our approach is simple: Listen closely to our utility customers, innovate quickly where it matters most, and deliver solutions that perform under real-world conditions, and fast. This is AI designed for the workers who restore power in treacherous conditions, who scale transmission poles after disasters, and who keep critical infrastructure running 24/7. When lives are on the line, safe, reliable AI isn't optional, it's everything."

PR Newswire
Feb 3rd, 2026
IFS Nexus Black launches Resolve for Utilities with Industrial AI for disaster response

IFS has launched Resolve for Utilities, an AI-powered field service management solution designed to address workforce shortages, aging infrastructure and extreme weather response. The announcement was made at DISTRIBUTECH International 2026. Developed by IFS Nexus Black, Resolve combines utilities expertise with AI capabilities to transform disaster response and grid modernisation. Key features include intelligent crew callout for rapid response, mutual aid technology for large-scale disasters, and intelligent support for field crews. The solution extends IFS's existing Asset Lifecycle Management platform, which already includes the market's number one Enterprise Asset Management solution. IFS was named Customers' Choice for 2025 Field Service Management by Gartner Peer Insights. The platform aims to help utilities navigate increasing operational complexity whilst improving efficiency and customer service delivery.

PR Newswire
Jan 19th, 2026
IFS to partner with Sri Lanka Cricket for ICC Men's T20 World Cup 2026

IFS to partner with Sri Lanka Cricket for ICC Men's T20 World Cup 2026. News provided by. Jan 19, 2026, 08:12 ET Leader in Industrial AI, and Sri Lanka's largest technology employer, returns to support the Sri Lanka Cricket Team as it prepares to co-host ICC Men's T20 World Cup that will be broadcast globally COLOMBO, Sri Lanka, Jan. 19, 2026 /PRNewswire/ - IFS, the leading provider of Industrial AI software, today announced its partnership with Sri Lanka Cricket as The Official Team Sponsor of Sri Lanka Team for the ICC Men's T20 World Cup 2026. The partnership marks IFS continued commitment to Sri Lanka cricket and comes as the nation prepares to co-host one of the sport's most prestigious tournaments alongside India from 7th February to 8th March 2026. The IFS brand will be prominently displayed on the leading arm of Sri Lanka's Match-Day outfits and on the Middle Chest Position of the training kit throughout the tournament. The partnership will provide a platform to showcase the IFS brand with one of cricket's most passionate fan bases during a tournament expected to reach 2.5 billion viewers globally. Oliver Pilgerstorfer, Chief Marketing Officer of IFS, said: "The ICC Men's T20 World Cup represents cricket at its most dynamic and exciting, and we're honored to stand behind Sri Lanka as they compete on home soil. This partnership reflects our deep roots and long history in Sri Lanka and our commitment to supporting the nation's growth. As the largest technology employer in the country, we see this as an opportunity to celebrate Sri Lankan talent, both on the cricket field and in the technology sector where our teams are delivering Industrial AI solutions to the world's most progressive businesses." The ICC Men's T20 World Cup will showcase cricket's shortest and most electrifying format to a massive and growing global audience, with particularly strong engagement across South Asia and rest of the cricketing world. For IFS, the partnership provides significant brand visibility during a tournament that will captivate audiences across multiple continents. Ranil Rajapakse, President of IFS Sri Lanka, said: "Sri Lanka has been instrumental to IFS's global success for over 28 years, and supporting our national cricket team is a natural extension of our commitment to this country. This activation is about being part of Sri Lanka's journey and we're excited to see the IFS brand alongside our cricketers as they take on the world's best." Mr. Ashley De Silva, CEO, Sri Lanka Cricket, said: "We warmly welcome IFS on board as our team sponsor for the upcoming T20 World Cup. As a globally recognized technology firm, their partnership comes at a most opportune time, with cricket set to be the main focus during the month-long World Cup across the cricketing world." Find out more about our sponsorship here: https://www.ifs.com/en/about/sponsorship/cricket This information was brought to you by Cision http://news.cision.com. | https://news.cision.com/ifs/i/ifs-image-sl-team-v2-01-26-1920x1080-2,c3501892 | IFS Image SL-Team-V2 01 26 1920x1080 2 |

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