Monday, July 09, 2007
IFS Defence acquires UK software company
IFS Defence Ltd, a joint venture between BAE Systems plc and IFS AB, has acquired the British software company Information Science Consultants Ltd (iSC), headquartered in Cirencester, UK. The acquisition strengthens IFS Defence’s position in the Aerospace & Defense sector, enhances its capability to deliver naval enterprise solutions and adds leading expertise in Reliability-Centred Maintenance (RCM) processes and toolsets to the IFS Application suite. IFS Defence can now offer unparalleled through-life functionality for Engineering & Asset Management, MRO and SCM for the naval support sector. The combined solution will offer greater availability and reliability of equipment which is vital in today’s demanding operating environments.
iSC delivers maintenance management software and services, with particular strength in the implementation of RCM methodologies. iSC’s focus has been on the naval sector, providing solutions for the UK Royal Navy fleet, including the onboard and onshore Unit Maintenance Management System (UMMS).
IFS Defence has responsibility for leading the delivery and development of IFS’ solutions for Aerospace & Defense globally. This acquisition will provide significant benefits to the customers, partners and suppliers of both IFS Defence and iSC. It brings together the leading capabilities of UMMS, recognized as the MoD’s preferred ‘front-end’ toolset for Maritime Engineering & Asset Management, and IFS Applications, which has a rich pedigree in delivering asset management, MRO and project-centric manufacturing solutions to the Aerospace & Defense sector. This will enable IFS Defence to offer a comprehensive Naval Enterprise Asset Management solution, strengthening its suite of global solutions for Aerospace & Defense.
IFS Defence’s ongoing priority will be to continue to support the UK Royal Navy and the UK maritime industry, working together, leveraging the capabilities of UMMS and IFS Applications, to help our customers meet the challenges of developing Class Management services to deliver efficiency savings, improved platform availability and increased effectiveness.
Following the acquisition, iSC will be operated as a business unit of IFS Defence. 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.Aerospace & Defense is a key vertical industry focus for IFS and IFSApplications™ (A&D) is the solution of choice for the USAF (ECSS), the UK Ministry of Defence (JAMES) and Norwegian Defense Forces (IMAS). IFS has unrivalled pedigree in helping leading A&D organisations in the UK, US and globally adapt to the challenges of transformation and deliver success. Our solutions are designed for A&D, to help Fleet Operators, MRO suppliers and OEMs deliver Asset & Fleet Management, MRO, Supply Chain Management and Product Lifecycle Management, all within the framework of a proven integrated enterprise solution. These solutions combine the benefits of IFS' leading technology and modern Service Oriented Component Architecture (SOCA) with the deep domain insight of our people, with proven expertise from across the A&D industry, both military and civil. IFS Defence Ltd, a Joint Venture between BAE Systems plc and IFS AB, leads IFS’ development of solutions for the Aerospace & Defence sector.