Friday, July 20, 2007

Global water desalination company chooses IFS Applications to manage explosive growth, global assets

IFS, the global enterprise applications company, announced today that Seven Seas Water Company has chosen IFS Applications to manage its business and plant infrastructure around the globe.

Based in St. Thomas, Virgin Islands, Seven Seas is growing rapidly by acquisition. The company is acquiring similar companies in its industry, and is backed by the buyout firm TPB, venture firm DFJ Element Venture Partners and Douglas Brown, the former chief executive of water purification and desalination company Ionics Inc.

  “We have completed three acquisitions and a merger already in 2007,” Seven Seas Vice President of Finance John Curtis said. “We needed a very scalable solution that was well-supported. And we wanted software that focuses on our industry, including finance, enterprise asset management, service management and other functions important to a global infrastructure company. We feel IFS Applications gives us all of these things, and we have confidence in our partners at IFS.” 

“Seven Seas has needs that IFS is uniquely positioned to meet,” said Cindy Jaudon, president and CEO of IFS North America. “If you are managing an asset-intensive enterprise with multiple divisions and locations in multiple countries, the functionality of IFS Applications is an excellent fit. And since Seven Seas’ business model involves managing infrastructure assets for themselves and others, IFS’ powerful enterprise asset management and service management functionality will give them advanced capabilities to predict and prevent problems for their customers.”

About IFS

IFS (OMXS STO: IFS), the global enterprise applications company, provides ERP solutions that enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications™, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications is available in 54 countries in 22 languages. IFS has more than 600,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, contracting, service & facilities management; and utilities & telecom. IFS Applications provides extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities. IFS prioritizes the energy and utilities industry and has more than 130 customers involved in power generation, transmission & distribution and water &sewage. These include the world's largest hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG (Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid operators such as Svenska Kraftnät (Sweden), Statnett (Norway) and TenneT (The Netherlands) as well as distributors such as Vattenfall (Sweden), Fortum (Sweden), and Hafslund Energi (Norway). Reliable and safe Asset management and workforce management are critical processes in the energy and utility industry, to which IFS has provided solutions for more than 20 years.

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