In June 2019, EQT Partners, a leading investment firm with $45B (€40B) of assets under management, has announced the signing of a definitive agreement to acquire cloud-native enterprise software provider Acumatica through an investment vehicle owned by the same holding company that holds IFS AB (Industrial and Financial Systems). Learn more here.
IFS North America, Inc.
300 Park Boulevard, Suite 555
Itasca, IL 60143
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,500 employees supports more than ten thousand customers worldwide from a network of local offices and through our growing ecosystem of partners.
IFS has a solid, growing presence in the North American business software market. IFS North America serves medium-sized to large companies in a variety of key industries, including aerospace and defense, industrial manufacturing, automotive, high-tech, construction, and process industries such as food and beverage.
Financial & News
And IFS Applications is capable of delivering more than just ERP. It has native functionality for enterprise project management (EPM), enterprise asset management (EAM) and service management.
The application can be configured for a variety of settings including but not limited to discrete manufacturing, process manufacturing, multi-mode manufacturing, construction and engineering, and esoteric and demanding settings like multi-mode manufacturing, aerospace and defense, engineer, procure construct (EPC) and offshore oil and gas drilling. It is in these demanding settings that combine elements of manufacturing, project management and asset management that IFS Applications is without peer as an ERP solution.
The company’s software is best suited for core and upper-mid-market companies in complex and asset-intensive manufacturing industries, especially those where project management is at the core of the business. IFS is a global solution, but almost two-thirds of its business is located in EMEA.
IFS supports several vertical sectors including aerospace & defense, automotive, food & beverage, high-tech, industrial manufacturing, process industries, construction, contracting & service management, and utilities & telecommunication.
ERP Software Products
IFS utilizes an Oracle database. They have recently announced their entry into the Cloud with a single tenant hosted SaaS solution.
IFS has been actively strengthening its reseller channel. Most of the sales in the USA are sold by its direct sales force.
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