IFS, founded in 1983, provides cloud-based ERP, EAM, FSM and ESM software with embedded Industrial AI for complex industries in 90+ countries.
IFS is a provider of enterprise software and Industrial AI, founded in 1983 and operating in more than 90 countries. The company builds cloud-based applications for businesses with complex operational requirements, serving industries including manufacturing, aerospace and defence, construction and engineering, energy, utilities and resources, telecommunications, and service sectors.
Its product portfolio spans four core areas: cloud-based Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Field Service Management (FSM) and Enterprise Service Management (ESM). Each is designed around industry-specific complexity rather than generic business processes, with Industrial AI capabilities embedded across the suite. Named enterprise customers include Air France-KLM, Electrolux and Cadillac.
Financially, the company reported 23% year-over-year growth in Annual Recurring Revenue in FY2025, with cloud revenue up 30%. Recurring revenue accounts for 83% of total revenue, and the Net Retention Rate stands at 114%.
IFS was founded by five university friends who pitched a tent outside their first customer's site to ensure round-the-clock availability. The company describes its focus as serving businesses that service, power and protect the planet, with an emphasis on customer value delivery and operational excellence.
