Tuesday, September 27, 2011

IFS Receives Frost & Sullivan Global Customer Value Enhancement Award

IFS, the global enterprise applications company, has been awarded the prestigious Customer Value Enhancement Award in the Enterprise Asset Management (EAM) segment. The award recognizes IFS’s tireless efforts in enhancing customer value and providing a standardized EAM solution with unique capabilities.

Frost & Sulliv

Frost & Sullivan, the global growth partnership company, cites IFS’s customer-centric approach, holistic product offering, and component-based agility as key success drivers for IFS’s accomplishments in the global EAM market.

Today’s asset-intensive industries are becoming increasingly complex, driving the need for EAM solutions that can minimize asset downtime and production distruptions while securing supreme data quality. To this end, IFS offers a comprehensive EAM solution that covers the entire asset lifecycle, from design to decommissioning. Thanks to IFS’s focus on user experience, the system is also equipped with a user-friendly and intuitive interface that is designed to promote correct data entry and user efficiency.

“IFS, through its EAM solutions, has completely transformed the way the end users operate. The company has clearly demonstrated its products’ value by helping customers minimize asset life cycle costs while improving plant productivity, ultimately enhancing end user experience,” said Vinay Pujari, Research Analyst at Frost & Sullivan.

“We are very pleased to receive this recognition since asset management solutions have been an essential part of IFS since the very beginning and an area where we have many important and globally renowned customers. The award offers additional proof that our blend of customer focus and product innovation continues to resonate well within this very important area,” said Alastair Sorbie, IFS CEO.

IFS is a preferred vendor within the field of enterprise asset management, a claim that is evidenced by the company’s global presence in asset-intensive industries such as industrial manufacturing, aerospace and defense, automotive, energy and utilities, service providers, and process industries including chemicals, pulp and paper, and food and beverage.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.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 more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion.

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