Monday, December 21, 2009

IFS signs $4.75m license and maintenance contract with European telecommunications company

IFS, the global enterprise applications company, has signed a contract with a major European telecommunications company to extend its use of IFS Applications. The value of the contract is over US $ 4.75m million in licenses and maintenance.

IFS software will support the telecommunications company’s internal processes to increase efficiency and improve its competitive agility. The order is to increase the number of users who will be using IFS Applications.

Utilities and Telecom is one of IFS’ seven targeted market segments. IFS offers customers best-in-class enterprise asset and lifecycle management in a fully integrated suite designed for utilities and telecom. With a broad base of clients globally, IFS Applications™ is proven in many of world’s largest utilities, national grids, and services management companies. IFS supports all critical business enterprise processes—planning, engineering, procurements, construction/project management, commissioning, O&M, and asset performance assessments with integrated applications in financials, capital project management, supply chain, asset and work management, service and contracts management, human resource management, etc.

Cost effective and scalable, IFS Applications is used in large-scale, enterprise deployments and for best-of-breed functionality. World-class Utility and Telecom functionality, an agile application architecture, and a dedicated team of experienced professionals have made IFS the choice of leading utilities such as Three Gorges (China), National Hydroelectric Power Corporation (India), France Telecom, Qinshan Nuclear (China), Shell Lanka, Grid Operators TenneT and Statnett (Netherlands & Norway), Vattenfall, BiWater (UK), B Sky B (UK), and Indah Water (Malaysia).

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 21, 2009, at 09:00 a.m. CET

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer