23 December, 2009

IFS Applications selected by New Zealand utility company

IFS has signed a contract to implement Work Order and Asset Management System for a New Zealand utility company. The value of the contract is 12 million SEK, which will include licences, services and maintenance.

The company is an established metering service provider in the electricity industry. It has more than 80 years of asset management experience, and has all of the major electricity retailers in New Zealand on its customer list.

Utilities and Telecom is a primary market for IFS. IFS offers customers best-in-class enterprise asset and lifecycle management in a fully integrated suite designed for utilities and telecom. With a broad base of clients globally, IFS Applications™ is proven in many of world’s largest utilities, national grids, and services management companies. IFS supports all critical business enterprise processes—planning, engineering, procurements, construction/project management, commissioning, O&M, and asset performance assessments with integrated applications in financials, capital project management, supply chain, asset and work management, service and contracts management, human resource management, etc.

Cost effective and scalable, IFS Applications is used in large-scale, enterprise deployments and for best-of-breed functionality. World-class Utility and Telecom functionality, an agile application architecture, and a dedicated team of experienced professionals have made IFS the choice of leading utilities such as Three Gorges (China), National Hydroelectric Power Corporation (India), France Telecom, Qinshan Nuclear (China), Shell Lanka, Grid Operators TenneT and Statnett (Netherlands & Norway), Vattenfall, BiWater (UK), B Sky B (UK), and Indah Water (Malaysia).

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 23, 2009, at 12:40 a.m. CET

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer