IFS Acquires Astea International

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.

EQT Funds Acquire IFS with TA Associates as Minority Partner

July 14, 2020

Software

EQT (through its EQT VIII and EQT IX funds) has agreed to acquire IFS AB from the EQT VII fund for a consideration in excess of EUR 3 billion, with TA Associates joining as a significant minority partner. EQT and TA Associates will back IFS' management to continue investing in product capabilities and pursue growth both organically and via add-on acquisitions.

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 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 mplsystems Limited and Field Service Management Limited

August 3, 2017

Software

IFS has completed the acquisition of UK-based mplsystems Limited and Field Service Management Limited to strengthen its Service Management and customer engagement capabilities. mplsystems provides omni-channel contact centre and customer engagement software, while Field Service Management Limited is an IFS implementation specialist in the UK and Ireland; both teams will join IFS's UK operations to bolster sales, consulting and support.

Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

April 9, 2025

Software

Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.