Displaying items by tag: IFS

• Hg increases its stake in enterprise software provider IFS and becomes co-control shareholder alongside EQT, while existing minority shareholder TA Associates remains invested
• New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”)
• IFS continues to perform strongly, having recently surpassed AUD 1.7 billion in ARR while growing by more than 30% year-on-year

COMPANY NEWS: IFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has achieved a valuation of over AUD 26.6 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”). Hg and the new investors are acquiring shares in IFS from EQT, which is selling through its EQT VIII and EQT IX funds, as well as from TA and other minority investors.

Whether you have heard of IFS or not you've definitely benefited from it; 310 million passengers fly safely because of IFS, and 8 out of 10 of the top US energy companies use it to power homes. Now IFS says its AI tech can dramatically change the way your business operates.

In an era of rapid technological advancements, agility is crucial for staying competitive. The ability to quickly adapt to new trends and technologies often distinguishes thriving businesses from those merely surviving.

As we look towards 2050, Australia, like much of the world, is focused on transitioning to a clean energy future.

Organised data holds the key to successfully adopting AI while improved asset management emerges among top drivers of transformation

COMPANY NEWS: AI is at the forefront of digital transformation in the utilities sector, with 82% of executives recognising it as essential to their strategy. However, despite widespread recognition of the importance of emerging technologies, only a fifth (20%) of companies have completed their digital transformation journey, with respondents split on where ownership should lie (22% reference CFO, while the same percentage cite the CTO).

GUEST RESEARCH: Boomi, the intelligent integration and automation leader, today announced findings of a new global study. The IDC InfoBrief, sponsored by IFS and Boomi, reveals that ageing, monolithic systems, and a lack of technological understanding at the executive level limit organisational agility and responsiveness to disruptions. The research also identified that having a composable strategy is key for organisations to overcome these challenges.

COMPANY NEWS: Intel and United Microelectronics, a leading global semiconductor foundry, today announced that they will collaborate on the development of a 12-nanometer semiconductor process platform to address high-growth markets such as mobile, communication infrastructure and networking.

COMPANY NEWS:  ERP, EAM, Aviation Maintenance and Service Management now IFS.ai-enabled. 

Manufacturing Scheduling Optimization bolstered with industry-specific enhancements. 

Further focus on ESG capabilities to accelerate time to value across business operations.

Time for action is now: Customer expectations for servitisation already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.

GUEST INTERVIEW: Warren Zietsman from IFS discusses the current state of Aussie manufacturing, plus where it came from and where it's going - and it's not what you might think.

Mix of Cloud revenue up 55% YoY and ARR up 55% YoY signal robust forward performance.
Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.

COMPANY NEWS: IFS, the global cloud enterprise software company, today announced its financial results for the first half of 2023 ending June 30th, with annual recurring revenue up a significant 55 percent year on year, cloud revenue up 55 percent and software revenue up 44 percent representing a 79 percent share of total revenue.

Enterprise systems provider Lánluas Consulting has appointed Elio Rillo, Jim Hatzistavrou and Steve Victor to client director roles.

New functionalities across ERP, EAM, FSM, MRO and Service Management include industry-specific enhancements to accelerate digitalisation across business operations end-to-end

IFS, the global cloud enterprise software company, today announced the general availability of the first of its twice-yearly IFS Cloud releases. The update will support customers as they enhance business agility, build resilience and mitigate risk in a world of constant change.

GUEST INTERVIEW: Don't be fooled by the name "Future of Field Service", as the site's content reaches far beyond the field. Sarah Nicastro and her team provide leaders across industries and spanning geographies both information and inspiration on how to differentiate their businesses through service and lead through change.

GUEST INTERVIEW: Don't be fooled by the name "Future of Field Service", as the site's content reaches far beyond the field. Sarah Nicastro and her team provide leaders across industries and spanning geographies both information and inspiration on how to differentiate their businesses through service and lead through change.

COMPANY NEWS: Millennium Consulting is delighted to announce it has signed a partnership agreement with global cloud enterprise software company IFS.

GUEST RESEARCH: Two-thirds (66%) of large enterprises globally say they are keeping more stock on hand compared to the pre-pandemic period, according to research commissioned by cloud and enterprise software provider IFS, which polled over 1,450 senior decision-makers at large across France, Germany, the Nordics, US, UK, and UAE.

The top drivers of sustainability initiatives in organisations are regulatory compliance, business risk, and financial incentives and tax reductions, revealing a reactive mindset among manufacturers, according to a survey by IFS conducted with technology analyst Omdia.

Konica Minolta will implement  Japanese multinational company IFS’s Field Service Management software to futureproof its service operations.

Japan Airlines maintenance and engineering subsidiary JAL Engineering has selected IFS to support its fleet-wide long range maintenance planning.