Industrial and Financial Systems, IFS Aktiebolag
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Industrial and Financial Systems, IFS Aktiebolag - overview
Established
1983
Location
Linkoping, -, Sweden
Primary Industry
Software
About
Founded in 1983 and based in Linkoping, Sweden, Industrial and Financial Systems, IFS Aktiebolag operates as a provider of enterprise solutions which include Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM) and Field Service Management (FSM). In June 2021, EQT and TA Associates announced that WorkWave, LLC will become a standalone company and will no longer be a part of Industrial and Financial Systems, IFS AB. and in August 2023, IFS Aktiebolag agreed to acquire Falkonry Inc. from Zetta Venture Partners, Start Smart Labs, Presidio Ventures, Polaris Partners, Fortive, and Basis Set Ventures.
As of 2024, the compnay is led by its CEO, Mark Moffat. The company offers a cloud infrastructure that can be tailored to companies based on industry and requirement. Beyond ERP, EAM and FSM solutions, The firm's software portfolio includes IFS Maintenix, designed to improve the management of aerospace assets and Enterprise Operational Intelligence, which provides analytics on business performance. IFS serves businesses in the aerospace, engineering, energy, telecommunications and manufacturing industries.
The August 2023 acquisition enables the organization to leverage IFS Aktiebolag's resources and expertise to further innovate and expand its artificial intelligence solutions.
Current Investors
EQT, TA Associates, Hg
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software, Customer Relationship Management
Website
www.ifs.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Industrial and Financial Systems, IFS Aktiebolag - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Softeon, Inc. | - | ||||||||
| Secondary Buyout | Announced | Industrial and Financial Systems, IFS Aktiebolag | - | ||||||||
| Growth | Completed | Industrial and Financial Systems, IFS Aktiebolag | - | ||||||||
| Add-on, Corporate Carve Out, Trade Sale | Announced | IFS Cloud Software Solutions | - | ||||||||
| Add-on, Trade Sale | Completed | Empowermx | - |
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