IFS

IFS AB (full name - Industrial and Financial Systems) is a Swedish company, developer of enterprise resource management software - IFS Applications ERP systems. The company is headquartered in Linkoping, Sweden, offices and representative offices of the company are in another 40 countries (data for August 2018).

History

2021: Merger with Axios Systems

On March 23, 2021, Axios Systems announced the signing of a merger agreement with the Swedish company IFS. Completion of the transaction is planned at the beginning of the second quarter of 2021. The company's management plans to additionally report on the progress of the transaction and forecasts for 2021-2022. More details here.

2017: Purchase of British companies mplsystems and Field Service Management

On August 7, IFS announced the acquisition of British companies mplsystems Limited and Field Service Management Limited in order to strengthen its position in the field of service management in the UK. The financial terms of the acquisitions are not disclosed.

The British company mplsystems Limited develops and implements solutions for managing omni-channel contact centers (call centers with support for various communication channels) and for managing service services in the field. Among its customers are companies from the UK and Iceland. Thanks to its investment in innovation, which resulted in a flexible, integrated and easy-to-use platform for contact center management, mplsystems is recognized as the visionary of the Gartner 2016 magic quadrant among service solution providers for contact centers in Western Europe and the niche player of the Gartner 2017 magic quadrant among solution providers for customer relationship management.

In turn, Field Service Management Limited is a British IFS partner that provides services for the implementation of IFS service solutions in the UK and Ireland. The company's team of experienced consultants will join IFS UK, strengthening IFS's position in the region. To date, Field Service Management Limited has supported IFS by participating in major projects to implement service management software in the UK.

Commenting on the acquisitions, IFS First Vice President of Business Development Group Fredrik vom Hofe stated: With these two acquisitions, we continue to strengthen our position. The opportunities that follow with the acquisition of mplsystems mean that companies around the world that seek to provide their customers with better service from request to resolution will receive a full service management offer.

Paul White, CEO of mplsystems Limited, noted: mplsystems specialists are happy to join the IFS team. We have a great opportunity to bring our solutions for managing contact centers and attracting customers to the world stage.

With the acquisition of mplsystems, IFS not only extends but also strengthens its service management solution. Combining IFS's existing field service management capabilities with the ability of mplsystems to communicate with service recipients through contact centers, network, text and mobile interfaces will prove that customer engagement can be organized in a more integrated way. Both companies are aware of the value of innovation and have a client-oriented approach, which is important for unification, "said Alex Stratis, an analyst at IDC Research Agency.

2015

• Income from the sale of licenses in 2015 amounted to SEK 682 million, which is 14% higher than in 2014 (SEK 558 million), taking into account changes in the exchange rate.
• SEK 1,174 million was raised for technical support (SEK 1,037 million in 2014), an increase of 6%.
• Revenue from consulting services grew by 2%, SEK 1,524 million (SEK 1,427 million in 2014).
• Net revenue amounted to SEK 3,389 million (SEK 3,034 million in 2014), an increase of 5%, taking into account changes in the exchange rate.
• Income before tax (EBIT) amounted to 314 million SEK (275 million in 2014).

2014

License revenue increased by 24% compared to the first quarter of 2013 (SEK 107 million versus SEK 86 million in the first quarter of 2013). Income from technical support services increased by 13% (SEK 249 million compared to SEK 221 million). 11% - income from consulting services (SEK 335 million versus SEK 304 million). Net income growth was 14% (SEK 694 million versus SEK 613 million).

2013

IFS Logo for 2011

In 2013, revenue from the sale of licenses increased by 19%, taking into account changes in the exchange rate. Financial performance of IFS Corporation for 2013: Income from the sale of licenses amounted to SEK 534 million (in comparison, in 2012 - 467 million kronor), an increase of 19%, taking into account changes in the exchange rate. SEK 924 million was raised for technical support (compared to EEK 909 million in 2012), the increase was 5% taking into account changes in the exchange rate. Consulting revenues increased by 3%, taking into account changes in the exchange rate, to SEK 1,276 million (vs. EEK 1,283 million). Net revenue amounted to SEK 2,740 million (compared to 2,676 million in 2012), an increase of 6%, taking into account changes in the exchange rate. Income before tax (EBIT) amounted to SEK 204 million (200 million in 2012).

2011

As of June 2011, the company had about 2,000 customers in more than 50 countries. The staff of the enterprise is 2700 people.

2009

The company's net income in 2009 is SEK 2.6 billion.

Products

IFS develops, supplies and implements the IFS Applications management system. The system is built in open standards, has specialized industry functionality and is optimized for enterprise resource management - ERP, fixed assets - EAM (best-of-bread solution) and maintenance and repair of equipment - MRO (best-of-bread solution). IFS Applications provides integrated management of product lifecycles - PLM, fixed assets, customer service, and service delivery. The system allows you to go to lean enterprise management, control costs, improve supply chain efficiency, manage projects and track enterprise performance.