IFS Acquires Industrial AI Provider Falkonry
August 31, 2023
IFS has signed a definitive agreement to acquire Falkonry, a California-based industrial AI software company that provides automated time-series anomaly detection and operational insights for manufacturing and defense customers. The acquisition adds Falkonry's self-learning anomaly detection to IFS's cloud enterprise suite, expanding IFS's AI capabilities across ERP, EAM, FSM and related products; the deal is expected to close in Q4 2023.
- Buyers
- IFS
- Targets
- Falkonry
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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