28 February, 2008
IFS receives Frost & Sullivan award for EAM Market Penetration Leadership in the Aerospace and Defense Industry
IFS, the global enterprise applications company, has been recognized by leading global growth consulting company, Frost & Sullivan, for its increased presence in the aerospace and defense (A&D) industry. IFS now has a 31 per cent total global market share of the A&D Enterprise Asset Management (EAM) systems market.
Frost & Sullivan awarded IFS the Global EAM Systems Market Penetration Leadership Award for A&D on the company’s product innovations and unmatched customer focus, which have resulted in it making the largest gain in market share over 2-3 years. Reflecting this progress in A&D, Frost & Sullivan also feature IFS in their Best Practice Hall of Fame. To identify the recipient, Frost & Sullivan carried out a series of interviews with experts in the A&D sector and used extensive secondary research in order to measure the change in market share, increase in sales and brand awareness efforts from within the industry.
Frost and Sullivan identified that IFS has a number of differentiators including its industry focus, innovation and collaborative solutions involving all stakeholders. IFS customers specifically commented on the ease-of-use and faster payback associated with IFS solutions.
The award recognizes that IFS has secured its position as a market-leader in the maintenance, repair and overhaul (MRO) and asset lifecycle management space, by providing a range of services and solutions for all aspects of asset lifecycle management in the A&D sector. It also reflects the company’s role as a market innovator and IFS’ dedication to delivering solutions in response to customer needs.
R. Aravindhan, research analyst at Frost & Sullivan said, it is the “superior product contributions and unmatched customer focus which have established IFS as the market leader in this industrial vertical sector.”
Alastair Sorbie, IFS CEO and President said, “It is very pleasing that the momentum in IFS Defence has been recognized in these influential global awards for best practice.” Iain Green, MD IFS Defence, also commented, “It is fantastic to get external recognition for what we see as the elements which make IFS Defence the real alternative – our customer focus, our deep industry knowledge and our desire to be a long-term capability partner.”
Aerospace and defense is one of IFS’ targeted market segments. IFS Applications includes advanced functionality that meets the demanding requirements of the Armed Forces around the world and A&D manufacturers. IFS’ strength in EAM & MRO is complemented by its fully integrated project tracking and product data management (PDM) capabilities, which IFS packages as best-practice solutions for Fleet Management, MRO and supply chain management in A&D, making it easier to deliver performance-based logistics and maintenance support of complex assets throughout the product lifecycle.
IFS customers within the aerospace and defense industry include the British, Norwegian, and US defense organizations as well as the Eurofighter consortium. Commercial MRO shops and operators include Finnair, Bristow Helicopters, Aero-Dienst GmbH, Hawker Pacific, and Jet Turbine Services. In addition, IFS provides solutions to original equipment manufacturers (OEMs) such as General Dynamics, Lockheed Martin, BAE SYSTEMS, Saab, and GE Transportation.
For more information about Frost & Sullivan’s Best Practices Awards, visit www.awards.frost.com.
IFS (OMX STO: IFS), the global enterprise applications company, provides ERP solutions which enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications™, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; manufacturing; process industries; construction, contracting & service management; retail & wholesale distribution and utilities & telecom. IFS Applications provide extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities.