IFS AB

IFS AB

Type	Public (: IFS)
Industry	Computer software
Founded	1983 (1983)
Headquarters	Linköping, Sweden
Key people	Alastair Sorbie, President and CEO
Products	Enterprise resource planning
Revenue	SEK 3.0 billion (2014)
Number of employees	3100 (2017)
Website	www.ifsworld.com

IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Linköping, Sweden, with 2700 employees at offices all over the world. IFS provides component-based extended enterprise software for ERP, Enterprise asset management (EAM) and Enterprise service management (ESM) built on SOA technology. Its primary product is IFS Applications which it develops, supplies, and implements.

Based in Sweden, it maintains development centers in Sweden, Sri Lanka and Poland while operating as a multinational corporation through subsidiaries in the Americas, Europe, Africa, and Asia Pacific.

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 enterprise software suite built on SOA technology and layered architecture. IFS provides software solutions that primarily focus on manufacturing, project-based and asset-intensive industries.

IFS was recognized as 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 was also named as a Leader in two of Gartner's Magic Quadrants: Field Service Management and single-instance ERP for product-centric midmarket companies.

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, with its acquisition of 360 Scheduling, has gained some advanced artificial intelligence products, including the 360 Dynamic Scheduling Engine, and the WISE: a product for companies with a mobile workforce, that helps plan the number of staff required when a new contract is taken on.