16 October, 2012

IFS™ named visionary in leading analyst firm’s magic quadrant

IFS, the global enterprise applications company, has been named a Visionary in Gartner’s magic quadrant for enterprise asset management (EAM) software for power generation.* The report recognizes IFS’s ability to execute and completeness of vision. IFS solutions offer flexible, scalable, and integrated solution architecture, as well as its innovative and rich maintenance functionality.

“We are very pleased to be recognized as a Visionary in Gartner’s magic quadrant for power generation EAM,” IFS CEO Alastair Sorbie said. “We believe being placed in the visionary quadrant is further proof of IFS’s unique position within the asset-intensive power generation industry,” Alastair Sorbie continued. “IFS continues to work closely with its customers to ensure that we are adding capabilities that help control cost, cash, resources, time and risk for some of the leading power generation companies around the world.”

IFS has a long history of supporting power generation companies. Unlike other software vendors, who entered into the application space with solutions for accounting, productivity, infrastructure, or technology platforms, IFS’s first application was a maintenance solution for a nuclear power company.

The component-based architecture of IFS Applications enables companies to deploy the solution across the enterprise, or as a best-of-breed EAM solution integrated to an existing corporate administrative ERP system.

IFS Applications continues to be the EAM solution of choice for power generation companies around the world, including China Yangtze Power Corporation, the National Hydroelectric Power Company of India, and Brookfield Renewable Power Company in North America.

*Gartner, Inc., Magic Quadrant for Power Generation Enterprise Asset Management Software, Kristian Steenstrup, September 20, 2012.

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 approximately 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

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