IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Founded in 1983 by five university friends who pitched a tent outside their first customer's site to ensure 24/7 availability, IFS has grown into a global powerhouse with operations in 90+ countries. The company delivers cloud-based Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Field Service Management (FSM), and Enterprise Service Management (ESM) solutions specifically built for industry-specific complexity.
IFS's financial performance demonstrates exceptional market momentum. In FY2025, the company achieved 23% year-over-year growth in Annual Recurring Revenue, with cloud revenue surging 30% YoY and recurring revenue now comprising 83% of total revenue. The company's 114% Net Retention Rate reflects strong customer loyalty and value delivery. IFS serves manufacturing, aerospace & defense, construction & engineering, energy, utilities & resources, telecommunications, and service sectors worldwide, helping customers like Air France-KLM, Electrolux, and Cadillac achieve operational excellence through embedded Industrial AI capabilities.