Thursday, November 22, 2012

Major global oil and gas drilling company selects IFS Applications

IFS™, the global enterprise applications company, announces that a major North American offshore oil and gas drilling company has signed a contract to implement IFS Applications as its enterprise asset management (EAM) software system.

The company will implement IFS Applications for Offshore Service to support maintenance operations. The solution will include projects, maintenance and material management. It also includes IFS Instant Replication, a unique solution for rapid replication of data between offshore rigs or vessels and onshore facilities.

The customer operates jack-up rigs located worldwide, including the Middle East, the North Sea, Trinidad, Southeast Asia and the Gulf of Mexico.

The upstream Oil & Gas industry is one of IFS’s core markets. Based on a single product line, IFS Applications delivers flexible, component-based business solutions that manage the entire lifecycle of contracts, projects, assets and services. IFS Applications includes functionality for contract and project management, risk management, budgeting and forecasting, engineering, material management, fabrication, document management, service and asset management, all integrated with financials and human resources.

Customers include Agility Group, Babcock Engineering Services, Microseismic, Maersk Drilling, Maersk Supply Service, Heerema Fabrication Group, Seadrill, Yantai Raffles, Archer, Apply Sørco, APL, Hertel, Bergen Group Rosenberg, Technip, BWO, Semco Maritime, Reinertsen, STX Europe, PGS, Wellstream and Hamworthy.

About IFS

IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

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IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on November 22, 2012, at 2.30 p.m. CET.

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues