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.
Company Size
5,001-10,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$3.3B
Headquarters
Linköpings kommun, Sweden
Founded
1983
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
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
Tacton Appoints Former IFS Executive Merlin Knott as Chief Commercial Officer to Accelerate Global Growth and Scale Beyond CPQ TMCnet News [October 02, 2026] | / | Tacton Appoints Former IFS Executive Merlin Knott as Chief Commercial Officer to Accelerate Global Growth and Scale Beyond CPQ Tacton, a global leader in Configure, Price, Quote (CPQ) software and configuration solutions for manufacturers of complex products, today announced the appointment of Merlin Knott as Chief Commercial Officer (CCO). In this role, Knott will lead Tacton's global commercial organization, including marketing, sales, and pre-sales, aligning the teams responsible for bringing Tacton's solutions to market, and driving value to its customers and partners globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261002794882/en/ Merlin Knott, Chief Commercial Officer, Tacton Knott joins Tacton with decades of experience building and scaling commercial organizations across the enterprise software industry. Most recently, he held senior leadership roles at IFS, the world's leading provider of Industrial AI software, where he led global partner and channel operations before becoming President of the company's Enterprise Service Managemet business. Under his leadership, IFS's partner ecosystem grew to contribute more than 40% of software license revenue. Earlier in his career, Knott held leadership positions at SAP, Cura Software, and MicroStrategy. "Merlin brings the combination of global commercial leadership, enterprise software experience, and proven ability to scale organizations, which will fuel Tacton's next phase of growth," said Klaus Andersen, Chief Executive Officer of Tacton. "Under Merlin's leadership, we will strengthen how we go to market, continue to drive value to our customers, and capitalize on the significant opportunity ahead of us." Knott's appointment comes as Tacton expands beyond CPQ with the Tacton Connected Suite, connecting how manufacturers define, sell and deliver highly configurable products around one source of configuration truth. As manufacturers look to modernize increasingly complex commercial and operational processes, Tacton is investing in its product portfolio, AI innovation and go-to-market organization to accelerate growth across North America and EMEA. "Tacton has a tremendous opportunity to build on its leadership in complex manufacturing and bring even greater value to customers as the company expands its vision beyond CPQ," said Knott. "What excites me most is the opportunity to bring our commercial teams together around a shared strategy connecting how we create demand, engage customers, demonstrate value and ultimately help manufacturers transform how they sell and deliver highly configurable products. I'm looking forward to working with the team to accelerate Tacton's next phase of growth." As Chief Commercial Officer, Knott will focus on building an integrated global commercial strategy that accelerates custom acquisition, and expansion across North America and EMEA, strengthening alignment across regions, and long-term value. His appointment reinforces Tacton's continued investment in scaling its global business and expanding its position as a strategic technology partner for complex manufacturers. About Tacton Tacton is a global leader in Configure, Price, Quote (CPQ) software and configuration solutions for manufacturers of complex products. Tacton's Connected Suite creates a digital thread across engineering, sales and manufacturing, giving teams one source of configuration truth from product definition through order preparation. Trusted by leading global manufacturers, Tacton helps companies manage product complexity, improve the buying experience, and ensures every customer promise is valid, sellable, and buildable. Tacton is co-headquartered in Chicago and Stockholm, with offices and customers around the world. Learn more at tacton.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20261002794882/en/ [ Back To TMCnet.com's Homepage] |
IFS and Echelon announce strategic partnership to drive industrial AI transformation to Saudi Arabia. October 1, 2026 IFS, a leading provider of industrial AI and enterprise cloud software, is partnering with Echelon, the Riyadh-headquartered company that delivers artificial intelligence transformations globally, to bring its solutions to Saudi-based enterprises. Echelon will work with its client base across the country's industrial sectors to both deploy and localize IFS.ai. Industrial AI is the application of artificial intelligence to the physical world and enables enterprises to analyse massive amounts of data from sensors, machines and networks. Industrial AI platforms then provide and execute actions to automate production optimisation, quality control, condition-based maintenance, and supply chain tracking. IFS has proven success with organizations across the Kingdom helping advanced manufacturers modernize operations and strengthen supply chains, telecommunications providers deliver services at scale, maritime organizations build their industrial capabilities, and critical infrastructure operators improve asset reliability. With the largest industrial base in the Middle East and Africa, totalling 45% of the country's US$1.1 trillion GDP in 2024 across verticals such as manufacturing, oil & gas, mining, construction and utilities, the Kingdom is actively promoting itself as an industrial hub and a gateway market for regional industrial supply chains as part of the country's Vision 2030 strategy. To promote its competitiveness, the country is investing in advanced manufacturing and many of Saudi Arabia's largest industrial enterprises are digitizing their operations. Echelon will work with IFS to position its industrial AI platform, IFS.ai, across its heavy industry customers in Saudi Arabia. This will enable asset-intensive sectors such as energy, manufacturing, oil and gas, aerospace and defence, logistics and telecoms move beyond their legacy tech systems towards AI-embedded operations. "Ever since we founded Echelon, our aim was to bring the most exciting AI solutions to Saudi Arabia, to benefit our economic diversification and growth," said Prince Khalid Bin Bader Al Saud, Founder and Managing Director, Echelon. "IFS offers cutting edge technologies to heavy industries and manufacturers, and the IFS.ai platform holds the promise of tangible, real-world benefits. Our customers are excited about the potential of IFS's innovations for their operations." Through IFS.ai, Echelon's customers will benefit from an AI enterprise layer across enterprise asset management, field service, maintenance planning, and asset investment decisions. "Saudi Arabia is building some of the most complex, regulated and asset-heavy operations in the world. Running them successfully means making thousands of decisions every day, safely and at scale. That's exactly where Industrial AI delivers the greatest value, and it's where IFS thrives. For decades, we've helped the world's most essential industries turn operational complexity into competitive advantage," said Mark Moffat, CEO at IFS. "We're excited to work with Echelon and the Kingdom's industrial base to raise efficiency and help make Saudi Arabia one of the most competitive places in the world to manufacture. That is the power of Industrial AI and IFS.ai."
IFS partners with Echelon to bring Industrial AI to Saudi enterprises. October 1, 2026 Industrial AI is the application of artificial intelligence to the physical world and enables enterprises to analyse massive amounts of data from sensors, machines and networks. IFS, the leading provider of industrial AI and enterprise cloud software, is partnering with Echelon, the Riyadh-headquartered company that delivers artificial intelligence transformations globally, to bring its solutions to Saudi-based enterprises. Echelon will work with its client base across the country's industrial sectors to both deploy and localize IFS.ai. Industrial AI is the application of artificial intelligence to the physical world and enables enterprises to analyse massive amounts of data from sensors, machines and networks. Industrial AI platforms then provide and execute actions to automate production optimisation, quality control, condition-based maintenance, and supply chain tracking. IFS has proven success with organizations across the Kingdom helping advanced manufacturers modernize operations and strengthen supply chains, telecommunications providers deliver services at scale, maritime organizations build their industrial capabilities, and critical infrastructure operators improve asset reliability. With the largest industrial base in the Middle East and Africa, totalling 45% of the country's US$1.1 trillion GDP in 2024 across verticals such as manufacturing, oil & gas, mining, construction and utilities, the Kingdom is actively promoting itself as an industrial hub and a gateway market for regional industrial supply chains as part of the country's Vision 2030 strategy. To promote its competitiveness, the country is investing in advanced manufacturing and many of Saudi Arabia's largest industrial enterprises are digitizing their operations. Echelon will work with IFS to position its industrial AI platform, IFS.ai, across its heavy industry customers in Saudi Arabia. This will enable asset-intensive sectors such as energy, manufacturing, oil and gas, aerospace and defence, logistics and telecoms move beyond their legacy tech systems towards AI-embedded operations. "Ever since we founded Echelon, our aim was to bring the most exciting AI solutions to Saudi Arabia, to benefit our economic diversification and growth. IFS offers cutting edge technologies to heavy industries and manufacturers, and the IFS.ai platform holds the promise of tangible, real-world benefits. Our customers are excited about the potential of IFS's innovations for their operations." - Prince Khalid Bin Bader Al Saud, Founder and Managing Director, Echelon Through IFS.ai, Echelon's customers will benefit from an AI enterprise layer across enterprise asset management, field service, maintenance planning, and asset investment decisions. "Saudi Arabia is building some of the most complex, regulated and asset-heavy operations in the world. Running them successfully means making thousands of decisions every day, safely and at scale. That's exactly where Industrial AI delivers the greatest value, and it's where IFS thrives. For decades, we've helped the world's most essential industries turn operational complexity into competitive advantage. We're excited to work with Echelon and the Kingdom's industrial base to raise efficiency and help make Saudi Arabia one of the most competitive places in the world to manufacture. That is the power of Industrial AI and IFS.ai." - Mark Moffat, CEO, IFS The TechAfrica News Podcast
AI Everything Abu Dhabi 2026: IFS to showcase AI-powered industrial transformation. IFS will showcase how AI can move beyond experimentation to deliver measurable outcomes across asset-intensive industries at AI Everything Abu Dhabi taking place at ADNEC Centre on 6-7 October 2026. IFS will showcase how artificial intelligence can move beyond experimentation to deliver measurable outcomes across asset-intensive industries at AI Everything Abu Dhabi taking place at ADNEC Centre on 6-7 October 2026. This is especially relevant at a time when the Middle East is increasing its investment in critical infrastructure, energy, transport, utilities, aviation, defence, manufacturing and data centres and the opportunity is building towards organisations implementing AI not just to provide insights but help make quick decisions and improve asset performance. At AI Everything Abu Dhabi, IFS will have working demonstrations of its Industrial AI capabilities, including IFS Loops Digital Workers platform which will showcase how AI can execute tasks across business systems, IFS Nexus Black Resolve will highlight how faults can be captured with images and voice before AI can provide a diagnosis and guided repair steps. While the IFS Operational Intelligence will demonstrate how degrading equipment can be spotted and raising a resulting work request. Rahul Misra, SVP & MD, IFS MEA, said, "We are witnessing a phenomenal growth of large-scale infrastructure investments in the Middle East. These asset heavy projects are being viewed for long term economic growth. They are focused on asset performance, high level of resilience and more importantly to be intelligent systems. We see great opportunity to contribute to this phase with our IFS Industrial AI that is developed to go beyond identifying what is happening and help them make informed decisions and execute actions with our industry specific solutions." IFS will also highlight how organisations can approach the transition towards agentic AI responsibly. There is a shift from pilots, to having use cases where digital workers can execute defined processes. As organisations scale these deployments, governance, security, accountability and auditability will become as important as AI capability itself. Suliman Gaouda, Regional VP - AI, APJMEA from IFS will be presenting on '70% of the workforce doesn't sit at a desk'. It will highlight why the physical economy is the unclaimed category in AI at the event on October 7. For IFS, it's participation reinforces the company's focus on helping Middle Eastern organisations translate AI investment into practical operational outcomes, connecting intelligence with the people, assets and processes that keep critical industries running. IFS executives will be present at H2-D10 and look forward to meeting organisations across energy and resources, ports and logistics, rail and transport, utilities and power generation including nuclear, data centre operators, aviation MRO, and defence sustainment.
EQT VII ACQUIRES 68% OF VOTES AND 63% OF CAPITAL IN IFS FOR SEK 362.50 PER SHARE – information from EQT Group.