19 June, 2013
IFS #1 in oil and gas enterprise asset management software
IFS, the global enterprise applications company, has been identified as the number one vendor in market share in enterprise asset management (EAM) and field service management (FSM) software for the oil and gas industry by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.
In its new publication “Enterprise Asset Management and Field Service Management, Market Analysis and Forecast through 2017,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry.
“The oil and gas industry operates in an environment in which asset integrity management (AIM) is crucial,” ARC Research Director for Enterprise Software Ralph Rio said. “The commodity pricing of the petroleum sector creates extreme pressure to control cost while preventing catastrophic failures across asset classes including offshore oil rigs and pipelines.”
“We have enjoyed this dominant position in the oil and gas market identified by ARC for a number of years now,” IFS North America Vice President for Energy and Asset Management Patrick Zirnhelt said. “Our strong position has been enhanced by a growth in new and existing customer relationships, mostly in the offshore drilling and oil and gas pipeline industries. This is driven by our specialized functionality for the oil and gas industry.”
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.
IFS™is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,100 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.
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