Monday, December 28, 2009

IFS signs $1.75m license and maintenance contract with a European field service company

IFS, the global enterprise applications company, has signed a contract with a major European field service company to extend its existing use of IFS Applications among its mobile workforce. The value of the additional contract is US $ 1.75 million in licenses and maintenance fees.

The Construction, Contracting and Service Management industry is one of IFS’ targeted vertical market segments. The company offers a complete and integrated business solution that manages the entire lifecycle of contracts, projects and assets. With IFS Applications, companies can support and improve business processes by collaborating more closely with suppliers, subcontractors, operators and customers.

IFS Applications includes functionality for contract and project management, risk management, budgeting and forecasting, resource scheduling and optimization, installed base management, spare part management, mobile solutions for field work force, call and case management including SLA, all integrated with financials, procurement, manufacturing and HR. Existing IFS customers in the Construction, Contracting and Service Management industry include Hertel, Debut Services, First Engineering, Doosan Babcock, Grenland Group, Heerema Fabrication Group, Anticimex, Eltel Networks and Kalmar Industries.

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 28, 2009, at 10:00 a.m. CET

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer