Tuesday, August 26, 2014

For the third year running IFS is identified as the leading supplier of EAM software for the Oil & Gas industry

IFS, the global enterprise applications company, has been identified as the number one vendor in market share in enterprise asset management (EAM) and field service management (FSM) software for the oil and gas industry by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure. 

In its new publication “Enterprise Asset Management and Field Service Management, Global Market Research Study, Market Analysis and Forecast through 2018,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry. 

ARC Research Director for Enterprise Software and report author, Ralph Rio commented on IFS’s ability “to rapidly develop new components quickly and efficiently to ensure that the application continues to provide the deep functionality needs of the end user.” He also noted that IFS Applications is designed “for easy integration with other applications—essential when working in large global engineering/construction and service-based organizations.”

“The leading position IFS commands in the oil and gas market has been confirmed once again by this latest study by ARC,” said Knut Møystad, IFS Industry Director for Oil & Gas. “IFS Applications continues to be the preferred solution for the Oil & Gas and Offshore industries in general, providing unique capabilities to ensure the asset integrity that is so business-critical to enterprises in this sector.”

IFS is one of the world’s leading providers of business software to large and midsize companies within the oil and gas industry. For more than 20 years, IFS has worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and asset/plant owners to ensure our solutions meet the oil and gas industry’s stringent requirements. With over 400 customers in the project and asset-oriented market using IFS solutions today, our strategic focus on the oil and gas industry is evidenced in both deep industry expertise and a solid track record. IFS offers flexible, component-based project-driven business solutions that manage the entire lifecycle of contracts, projects, assets and services.

Customers include: Technip, Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Agility Group, Babcock Engineering Services, Heerema Fabrication Group, Archer, Apply, Hertel Group, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS, Wellstream, Hamworthy, ShawCore, Icon Engineering, and Trans-Northern Pipelines Inc.

For more information on ARC’s findings, visit http://www.arcweb.com/market-studies/pages/enterprise-asset-management.aspx to view an overview or obtain the full‐length report.

About ARC

Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry and infrastructure.  Its coverage of technology and trends extends from business systems to product and asset lifecycle management, supply chain management, operations management, energy optimization, industrial internet of things (IoT) and automation systems. The analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today.

About IFS

IFS™ is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.

Follow us on Twitter: @ifsworld

Visit the IFS Blogs on technology, innovation and creativity: http://blogs.ifsworld.com/

Contact Information

Tom Smith

Phone: 47 404 85 956

Contact Tom Smith

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues