November-26-12

Major global oil and gas drilling company selects IFS Applications

IFS™, the global enterprise applications company, announces that a major North American offshore oil and gas drilling company has signed a contract to implement IFS Applications as its enterprise asset management (EAM) software system.

The company will implement IFS Applications for Offshore Service to support maintenance operations. The solution will include projects, maintenance and IFS Instant Replication, a unique solution for rapid replication of data between offshore rigs or vessels and onshore facilities. The application suite will be delivered through an Applications as a Service (AaaS) cloud service offered by IFS North America.

The customer operates jack-up rigs located worldwide, including the Middle East, the North Sea, Trinidad, Southeast Asia and the Gulf of Mexico.

The upstream Oil & Gas industry is one of IFS’s core markets. Based on a single product line, IFS Applications delivers flexible, component-based business solutions that manage the entire lifecycle of contracts, projects, assets and services. IFS Applications includes functionality for contract and project management, risk management, budgeting and forecasting, engineering, material management, fabrication, document management, service and asset management, all integrated with financials and human resources.

Customers include Agility Group, Babcock Engineering Services, Microseismic, Maersk Drilling, Maersk Supply Service, Heerema Fabrication Group, Seadrill, Yantai Raffles, Archer, Apply Sørco, APL, Hertel, Bergen Group Rosenberg, Technip, BWO, Semco Maritime, Reinertsen, STX Europe, PGS, Wellstream and Hamworthy.

About IFS

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.

More information on IFS is available at www.IFSWORLD.com.

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