Thursday, March 12, 2009
IFS Applications to integrate business processes for global opto-electronic manufacturer
IFS, the global enterprise applications company, has signed an agreement with a global opto-electronics manufacturer to integrate business processes in its European sales and service subsidiaries, located in Germany, France, UK, Italy and the Nordic countries. The total value of the order amounts to more than € 1.4 million.
The customer will use the financials, sales & service, distribution, engineering and maintenance components from the latest version of the ERP software, IFS Applications 7.5 which will replace the array of different solutions currently being used by the customer at its sites throughout Europe.
IFS was chosen because it offered an agile, completely integrated industry-specific solution with global reach. Other crucial criteria included the integrated sales & marketing component, the ease of integration with Lotus Notes, and the fact that the solution meets the customer’s requirements for demo equipment handling with an industry-specific extension for rental/hire purposes.
The high-tech industry is one of IFS’ targeted vertical markets. IFS offers industry-specific solutions for companies in the electronic equipment, electronic component, and semiconductor industries. These solutions support all business processes, from design and mixed-mode manufacturing to after-sales support and warranty management. IFS’ high-tech customers include Rockwell Automation, NEC Philips Unified Solutions, NEC, SiRF, Maxon Motor, and Olympus Optical.
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 March 12, 2009, at 3:00 p.m.