IFS Applications software number three in Enterprise Asset Management worldwide

IFS AB, the global enterprise applications company, has been identified as the third largest vendor of enterprise asset management (EAM) software by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.

IFS Applications™ is a component-based extended ERP suite built on service-oriented architecture (SOA) technology. IFS provides software solutions that serve manufacturing, project-based and asset-intensive industries. ARC Advisory Group, in its new publication “Enterprise Asset Management and Field Service Management, Five Year Market Analysis and Technology Forecast through 2015,” identified IFS as the largest EAM vendor in aerospace and defense, the second largest vendor in oil and gas and the third largest vendor in power generation. Across all industries, IFS was ranked by ARC as the third largest vendor globally.

“Some consider EAM a mature technology, but today’s dynamic market forces demand operational excellence and high return on assets. This drives the need for a modern EAM system – particularly for the asset intensive industries,” ARC Advisory Group Research Director Ralph Rio said. “They want to move beyond simple maintenance management, and towards the ability to make asset data more interactive with the rest of the enterprise.”

“What is helping IFS and IFS Applications add new EAM customers is the fact that we have the flexibility to offer more than EAM,” IFS North America President and CEO Cindy Jaudon said. “Yes, we can integrate our maintenance and asset management functionality with an existing enterprise resource planning (ERP) solution including SAP. Or we can offer a full-fledged ERP solution as well – or an EAM solution with as much or as little ERP functionality as the customer might need – all as part of a seamlessly integrated application.”

For more information on ARC’s findings, visit http://www.arcweb.com/Research/Studies/Pages/EAM.aspx to view an overview or obtain the full-length report.

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. For more information about IFS, please visit: www.IFSWORLD.com