IFS

IFS is a provider of enterprise software and Industrial AI, founded in 1983 and operating in more than 90 countries. Its portfolio is built around four cloud-based product lines: IFS Cloud ERP, IFS Cloud EAM, IFS Cloud FSM and IFS Cloud ESM, covering enterprise resource planning, enterprise asset management, field service management and enterprise service management respectively. The software is designed for industry-specific complexity, with particular focus on manufacturing, aerospace and defense, construction and engineering, energy, utilities and resources, telecommunications, and services.

Technical work at IFS spans Industrial AI, cloud software and the four core product domains. The company reported annual recurring revenue growth of 23% in FY2025 and cloud revenue growth of 30% year-on-year, with recurring revenue accounting for 83% of total revenue. A net retention rate of 114% indicates that existing customers tend to expand their use of the platform over time; named customers include Air France-KLM, Electrolux and Cadillac.

The company dates its founding to five university friends, whose early commitment to customer availability - pitching a tent outside their first customer's site to remain on call around the clock - remains a stated point of emphasis. IFS describes its core business as serving enterprises that service, power and protect the planet.