IFS Acquires EmpowerMX

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.

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.

IFS Acquires Industrial AI Provider Falkonry

August 31, 2023

AI & Machine Learning

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.

IFS Acquires Ultimo Software Solutions

July 6, 2022

Cloud & SaaS

IFS has signed a definitive agreement to acquire Ultimo Software Solutions, a Netherlands-based provider of cloud Enterprise Asset Management (EAM) software. The purchase adds Ultimo’s fast-to-deploy, configurable SaaS EAM point solution and ~180 employees to IFS’s IFS Cloud EAM portfolio, strengthening IFS’s end-to-end and point-solution capabilities; the deal is expected to close in Q3 2022.

IFS Acquires TheLoops to Launch Industrial AI Workforce

June 26, 2025

AI & Machine Learning

IFS has acquired TheLoops, a developer of autonomous AI agent technology, to embed agentic capabilities into IFS’s Industrial AI and enterprise cloud suite. The acquisition aims to create an AI agentic platform for mission-critical, asset-intensive industries—enabling autonomous digital teammates that operate securely within industrial workflows and expand IFS’s product capabilities.

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.