Friday, September 30, 2011
IFS signs € 2.4 million contract with European marketing communications group
IFS, the global enterprise applications company, today announced that one of Europe’s leading marketing communications groups has chosen to deploy IFS Applications to streamline its business systems and provide a platform for future growth. The contract includes software licenses and services and has a total value of more than € 2.4 million.
IFS Applications, a component-based extended ERP suite, has been chosen to help the company increase internal efficiency and improve its competitive agility. The group will deploy the financials, sales & service, distribution, and project components from the latest version of IFS Applications 7.5, which will replace the array of different solutions currently used by its different sites throughout the world. The implementation will take place worldwide and is expected to take about 24 months to complete.
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 agile businesses 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.
IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on September 30, 2011 at 1:00 p.m. (CEST).