Friday, July 06, 2007
IFS Defence purchases Information Science Consultants Ltd
IFS Defence Ltd, a joint venture between BAE Systems and IFS AB of Sweden, has today acquired Information Science Consultants Ltd (iSC) for cash, from Dr. M. Horton and Dr. I. Scullion.
iSC, a privately held company based in Cirencester, UK, specializes in naval maintenance management applications and services and provides the Unit Maintenance Management System (UMMS) to the UK Royal Navy fleet. iSC also provides leading expertise in reliability-centered maintenance processes and toolsets to a wide range of defense and commercial organizations.
iSC generated revenue of £2.4 million with an EBIT of £0.5 million in the year ending September 30, 2006, on gross assets of £1.8m.
About IFS and IFS Applications
IFS(OMX STO: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes—allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages. IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, contracting & service management and utilities & telecom. IFS Applications provides extended ERP functionality including customer relationship management (CRM), supply chain management (SCM), product lifecycle management (PLM), corporate performance management (CPM), enterprise asset management (EAM) and maintenance repair and overhaul (MRO) capabilities.