IFS

IFS is an enterprise software company founded in 1983 that develops cloud-based ERP, EAM, FSM and ESM solutions for asset- and service-intensive industries. The company positions its portfolio around Industrial AI, with the aim of serving businesses that service, power and protect the planet. Its products are built for industry-specific complexity: Enterprise Resource Planning for ERP, Enterprise Asset Management for asset-heavy operations, Field Service Management with embedded Industrial AI capabilities, and Enterprise Service Management.

IFS operates in more than 90 countries and sells into verticals including manufacturing, aerospace and defence, construction and engineering, energy, utilities and resources, telecommunications and service sectors. Financially, the company reported 23% year-on-year growth in annual recurring revenue in FY2025 and 30% growth in cloud revenue over the same period. Recurring revenue accounts for 83% of total revenue, and the net retention rate stands at 114%.

Technical work spans Industrial AI, cloud computing and the four core application suites. The company's culture traces to its founding by five university friends who pitched a tent outside their first customer's site to guarantee 24/7 availability, and it continues to emphasise customer commitment as a defining trait.