IFS (Industrial & Financial Systems) develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. It also offers training for consultants, developers and technicians. 

Employee Rating

4.3More
TypeSubsidiary
Parent CompanyEQT
HQItasca, US
Founded1983
Websiteifsworld.com
IFS was founded in 1983 and is headquartered in Itasca, US

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Key People/Management at IFS

Darren Roos

Darren Roos

CEO
Christian Pedersen

Christian Pedersen

CPO
Cindy Jaudon

Cindy Jaudon

Regional President, Americas
Constance Minc

Constance Minc

CFO
Glenn Arnesen

Glenn Arnesen

Regional President, Europe
Jane Keith

Jane Keith

Chief People and Culture Officer
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IFS Office Locations

IFS has offices in Itasca, Boston, Honolulu, St. Louis and in 66 other locations
Itasca, US (HQ)
300 Park Blvd #555
Boston, US
294 Washington St #700
Brookfield, US
300 N Executive Dr #200
Holmdel, US
101 Crawfords Corner Road, Suite 2511-W
Honolulu, US
3049 Ualena St #715
Irving, US
433 E Las Colinas Blvd
Show all (74)

IFS Financials and Metrics

Summary Metrics

Founding Date

1983
IFS is a subsidiary of EQT

IFS Revenue

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View revenue for all periods
IFS's revenue was reported to be kr4.22 b in FY, 2017 which is a 15.6% increase from the previous period.
Annual
SEKFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.0b3.4b3.6b4.2b

Revenue growth, %

12%8%16%

Cost of goods sold

1.5b1.5b1.6b1.8b

Gross profit

1.6b1.8b2.0b2.4b
Quarterly
SEKQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

782.0m867.0m772.0m968.0m811.0m923.0m860.0m1.1b969.0m1.0k946.0m1.3b1.1b1.3b1.3b

Cost of goods sold

381.0m387.0m365.0m414.0m399.0m415.0m

Gross profit

401.0m480.0m407.0m554.0m412.0m508.0m

Gross profit Margin, %

51%55%53%57%51%55%
Annual
SEKFY, 2014FY, 2015FY, 2016FY, 2017

Accounts Receivable

790.0m777.0m931.0m1.1b

Inventories

8.0m

Current Assets

1.6b1.6b2.9b2.0b

PP&E

115.0m119.0m136.0m205.0m
Quarterly
SEKQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016

Cash

540.0m408.0m437.0m533.0m547.0m480.0m

Accounts Receivable

650.0m669.0m570.0m777.0m597.0m629.0m

Current Assets

1.6b1.4b1.3b1.6b1.5b1.5b

PP&E

121.0m121.0m121.0m119.0m117.0m121.0m
Annual
SEKFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

211.0m214.0m280.0m512.0m

Depreciation and Amortization

242.0m258.0m276.0m276.0m

Inventories

(9.0m)

Accounts Payable

124.0m(13.0m)71.0m(48.0m)
Quarterly
SEKQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash From Operating Activities

137.0m181.0m344.0m180.0m245.0m

Net Change in Cash

37.0m(90.0m)(56.0m)18.0m(56.0m)
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IFS Operating Metrics

Mar, 2019

Countries

23

Customers

184

Industries

34
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IFS Revenue Breakdown

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IFS revenue breakdown by business segment: 22.2% from License, 33.9% from Maintenance and support , 40.4% from Consulting and 3.5% from Other

IFS revenue breakdown by geographic segment: 5.1% from Europe East, 8.2% from Africa, Asia and Pacific, 16.9% from Europe West, 28.9% from Europe North, 29.2% from Americas and 11.7% from Europe Central

IFS Online and Social Media Presence

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IFS Blogs

Why the UK is about to trounce the US in construction productivity

As a Scot myself, I don’t have the sense of bravado that an American might when it comes to the United States construction sector or the vitality of the American economy overall. But even those of us in the UK have seen most globally important management or productivity trends, with notable exceptio…

Q&A with IFS Partner: Trivalo

This is the third in our series of conversations with members of the IFS partner community. Trivalo is one of our most recent partners, and also one of the few that focuses on IFS Enterprise Operational Intelligence (IFS EOI) here in the Nordics. Trivalo has a long and extensive experience when it c…

3 tips for attaining project financial control in the construction industry

Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes. Like a DJ dropping the next track, the controller should drive the cadence and be ahead of the crowd. Here are 3…

Choosing the right construction ERP partner is a critical decision

In my previous blog post, I highlighted how the industry is facing huge disruptive changes. In short, we need to modernize and change the way we work because: Margins are under pressure Productivity is poor We have a serious skills shortage Project delivery performance is not good enough Competition…

The race for the digital shipyard

Shipbuilders, private vessel owners and ministries of defense around the world are mandating and investing heavily in transformational digital technology that will press time, costs and risks out of vessel design and fabrication. Naval organizations in Russia, Australia and Saudi Arabia have state-f…

How can contract manufacturers decrease the level of inventory obsolescence?

Over the past few years, the highly unstable prices on raw material and the increased lead time from suppliers on components have put financial pressure on many manufacturers as they experience challenges to quickly respond to the market volatility. Of course, the overall planning of optimized inven…
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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 Cindy Jaudon.

  • What is IFS revenue?

    Latest IFS annual revenue is kr4.2 b.

  • Who are IFS competitors?

    Competitors of IFS include Suplari, Virtualstock and Amber Road.

  • Where is IFS headquarters?

    IFS headquarters is located at 300 Park Blvd #555, Itasca.

  • Where are IFS offices?

    IFS has offices in Itasca, Boston, Honolulu, St. Louis and in 66 other locations.

  • How many offices does IFS have?

    IFS has 74 offices.