OverviewSuggest Edit

IFS (Industrial & Financial Systems) is a provider of enterprise resource planning (ERP), enterprise asset management, and service management software. Its solutions are primarily used by customers who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The company serves aerospace, defense, energy, utilities, engineering, construction, food and beverage, high tech, office equipment, manufacturing, oil and gas, property and commercial services, telecommunications, as well as service industries.
TypePrivate
Founded1983
HQLinköping, SE
Websiteifs.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Dec 2020)4,147(+6%)
Job Openings511
Revenue (FY, 2020)KR7.2 B(+15%)
Cybersecurity ratingBMore
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Key People/Management at IFS

Darren Roos

Darren Roos

Chief Executive Officer
Christian Pedersen

Christian Pedersen

Chief Product Officer
Ben Vollmer

Ben Vollmer

Senior VP, Product Management
Cindy Jaudon

Cindy Jaudon

Regional President, Americas
Craig Conway

Craig Conway

Director
Cathie Hall

Cathie Hall

Senior VP, Product Experience
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IFS Office Locations

IFS has offices in Linköping, Göteborg, Solna, Boston and in 52 other locations
Linköping, SE (HQ)
Teknikringen 5
Göteborg, SE
Gullbergs Strandgata 15
Solna, SE
Gustav III:s Boulevard 50
Pilar, AR
Avenida Sgto. My WWA Presidente Derqui Buenos Aires AR, Av. Sgto Cayetano Beliera 3025
Brisbane City, AU
Level 11/110 Eagle St
Hawthorn, AU
Level 3/765 Glenferrie Rd
Show all (56)

IFS Financials and Metrics

Summary Metrics

Founding Date

1983

Time since last funding

5 years ago

IFS investors

Show all financial metrics

IFS Revenue

IFS's revenue was reported to be kr7.21 b in FY, 2020 which is a 14.2% increase from the previous period.
SEK

Revenue (FY, 2020)

7.2b

Revenue growth (FY, 2019 - FY, 2020), %

14.2%
Annual
SEKFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.2b5.3b6.3b7.2b

Revenue growth, %

16%25%20%14%

Cost of goods sold

1.8b2.2b

Gross profit

2.4b3.0b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.1b1.3b1.3b1.4b1.6b4.6b1.8b1.7b
SEKFY, 2016FY, 2017FY, 2018

Accounts Receivable

931.0m1.1b1.2b

Inventories

8.0m3.0m

Current Assets

2.9b2.0b2.3b

PP&E

136.0m205.0m282.0m
SEKFY, 2016FY, 2017FY, 2018

Net Income

280.0m512.0m(246.0m)

Depreciation and Amortization

276.0m276.0m

Inventories

(9.0m)6.0m

Accounts Payable

71.0m(48.0m)269.0m
SEKFY, 2016

Financial Leverage

2.9 x
Show all financial metrics

IFS Operating Metrics

IFS's Customers was reported to be 10 k in FY, 2020. IFS's Users was reported to be 1 m in Jul, 2020. IFS's Active Customers was reported to be 6 k in FY, 2020.
Sep, 2019Jul, 2020FY, 2020

Active Customers

6 k

Countries

222550

Customers

10 k10 k10 k

Users

1 m
Show all operating metrics

IFS Acquisitions / Subsidiaries

Company NameDateDeal Size
CustomervilleJuly 19, 2021
Axios SystemsMarch 22, 2021
Clevest SolutionsNovember 02, 2020
Astea InternationalDecember 11, 2019
WorkWaveSeptember 28, 2017
Field service managementAugust 01, 2017
mplsystemsAugust 01, 2017
Mxi Technologies Ltd.December 13, 2016
MainIoTMarch 01, 2016
VisionWavesJuly 07, 2015€4.9 m
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IFS Revenue Breakdown

Embed Graph

IFS revenue breakdown by business segment: 27.1% from License, 34.1% from Maintenance and support and 38.8% from Consulting

IFS Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

IFS Online and Social Media Presence

Embed Graph

IFS Blogs

The Remote Delivery Advantage with Hine Group

“Sometimes we missed a blackboard. And, in meetings we also missed a degree of feedback you might ordinarily get from... The post The Remote Delivery Advantage with Hine Group appeared first on IFS Blog.

Predictions for the pandemic era construction sector

Making predictions that hold water even a year or two out is always difficult. So I fully expected that predictions... The post Predictions for the pandemic era construction sector appeared first on IFS Blog.

Q&A with IFS Partner: InfoConsulting

Growth is one of the reasons for IFS’s focus on partners in recent years. Having partners that have the same... The post Q&A with IFS Partner: InfoConsulting appeared first on IFS Blog.

Effective Asset Management practices in the age of COVID-19

As businesses across every sector face major challenges in the age of COVID-19, we continue to hear repeated phrases from... The post Effective Asset Management practices in the age of COVID-19 appeared first on IFS Blog.

4 ways C-level execs can enhance corporate resilience during and post pandemic

Executives teams have their hands full right now managing the day-to-day changes forced on their business by the global Covid-19... The post 4 ways C-level execs can enhance corporate resilience during and post pandemic appeared first on IFS Blog.

Motivation behind MindFuel

The world of events has changed. You’ve raised the bar on what you expect and we listened. In the last... The post Motivation behind MindFuel appeared first on IFS Blog.
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IFS Frequently Asked Questions

  • When was IFS founded?

    IFS was founded in 1983.

  • Who are IFS key executives?

    IFS's key executives are Darren Roos, Christian Pedersen and Ben Vollmer.

  • How many employees does IFS have?

    IFS has 4,147 employees.

  • What is IFS revenue?

    Latest IFS annual revenue is kr7.2 b.

  • What is IFS revenue per employee?

    Latest IFS revenue per employee is kr1.7 m.

  • Who are IFS competitors?

    Competitors of IFS include Infor, QAD and Accruent.

  • Where is IFS headquarters?

    IFS headquarters is located at Teknikringen 5, Linköping.

  • Where are IFS offices?

    IFS has offices in Linköping, Göteborg, Solna, Boston and in 52 other locations.

  • How many offices does IFS have?

    IFS has 56 offices.