IFS Acquires mplsystems Limited and Field Service Management Limited

IFS Acquires Axios Systems

March 22, 2021

Software

IFS has signed a definitive agreement to acquire Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software. The acquisition strengthens IFS's Service Management capabilities by adding Axios's ITSM and ITOM functionality to IFS Cloud, expanding its end-to-end service offering for enterprise and public-sector customers.

iPipeline Acquires IFS (Impact Financial Systems)

September 23, 2020

Software

iPipeline has acquired IFS (Impact Financial Systems), a Charlotte-based provider of service request automation and low-code/no-code workflow solutions for broker-dealers, RIAs, banks and insurance companies. The deal brings IFS's workflow engine and automation capabilities into iPipeline's SSG Digital platform to expand advisor-facing automation, compliance workflows and low-code product offerings.

IFS Acquires EmpowerMX

July 10, 2024

Aerospace & Defense

IFS, a global provider of Industrial AI cloud software, has acquired EmpowerMX, an AI-powered aviation maintenance (MRO) software provider based in Frisco, Texas. The deal expands IFS's aerospace & defense capabilities by adding EmpowerMX's MRO technology to IFS's Industrial AI offerings to improve maintenance efficiency, reduce turnaround times, and enhance compliance for large airlines and MRO providers.

IFS Acquires Astea International

December 11, 2019

Software

IFS has completed the acquisition of 100% of the shares of Astea International, a global field service management software provider headquartered in Horsham, Pennsylvania. The deal expands IFS's field service management capabilities and global footprint; Astea founder Zack Bergreen will serve as Senior Advisor while Marne Martin (IFS) will lead the combined service management business.

SPL, Inc. (IGP Portfolio Company) Acquires AFS (Assured Flow Solutions)

September 27, 2021

Energy

SPL, Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, has acquired AFS (Assured Flow Solutions). The add-on expands SPL’s laboratory testing, software and tech-enabled consulting capabilities — particularly in flow assurance, asset integrity and ESG — and broadens its footprint in Houston, Denver, Europe and Asia-Pacific.

IFS Acquires 7bridges to Expand Industrial AI Supply Chain Capabilities

August 18, 2025

AI & Machine Learning

IFS has acquired 7bridges, an AI-powered supply chain management solutions provider, to strengthen its logistics and transportation optimization capabilities and accelerate AI-enabled supply chain features within IFS Cloud. The acquisition will enable IFS to scale 7bridges' simulation and analytics technology across manufacturing, transportation and aerospace & defense customers while bringing the 7bridges team into IFS.