IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies and implements IFS Applications™. IFS Applications is a component-based extended ERP & EAM suite built on SOA (Service Oriented Architecture) technology. IFS focuses on industries where any of four core processes are strategic: service& asset management, manufacturing, supply chain and projects.
The company has over 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion. IFS Applications is a global product with a worldwide infrastructure for services and support, making IFS a reliable partner in global implementation projects.
Some IFS customers in the UK include Babcock, Bristan, Bristow Helicopters, BSkyB, Cambridge Manufacturing, Vitec, Clancy Docwra, Imerys Minerals, Farrow & Ball, MacTaggart Scott, Olympus KeyMed, Portsmouth Aviation, Synergy Health, Ultra Electronics Precision Air& Land Systems and William Grant & Sons.
IFS Applications is built on open standards so users are not locked into any particular technology. The service oriented component architecture of IFS Applications means it can be extended and updated. Each software component is compatible with every other, yet capable of running independently. IFS Applications is therefore an agile product that handles change and long-term evolution which means IFS can say with confidence that IFS Applications is one of the most user-friendly business software systems on the market.