Friday, August 31, 2012

BW Offshore upgrades to IFS Applications 8

Norwegian BW Offshore, a global provider of floating production services to the oil and gas industry, has decided to upgrade and extend their IFS Applications solution, to optimize its business processes and expand the system’s use within the organization.

“Upgrading to IFS Applications 8 is an important step in our ongoing business optimization efforts,” said Fritz Ekløff, BW Offshore, SVP Corporate IT & Systems. “Innovative user experience and a holistic project management solution, including global project management and multi-site support, are of strategic importance in our efforts to reach our business optimization targets. In addition, we are confident it will enable us to offer enhanced services to our customers.”

“We are pleased to announce BW Offshore’s decision to upgrade to IFS Applications 8. We designed IFS Applications 8 to deliver excellent user experience and future-proof industry functionality. Project-based companies are a core focus for us and we will stay committed to support global companies such as BW Offshore optimize their business processes—today and going forward,” said Glenn Arnesen, CEO, IFS Scandinavia.

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, Heerema Fabrication Group, Seadrill, Yantai Raffles, Archer, Apply Sørco, APL, Hertel, Bergen Group Rosenberg, Technip, Semco Maritime, Reinertsen, STX Europe, PGS, Wellstream and Hamworthy Gas Systems.

About BW Offshore

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of production, BW Offshore has executed 38 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange.

Further information is also available on www.bwoffshore.com

About IFS

IFS is a public company (OMX STO: 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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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