Operating Company Software

IFS

Linköping, Sweden

IFS is the world’s leading provider of Industrial AI software for hardcore businesses that service, power and protect our planet. IFS Cloud is a fully composable AI-powered platform spanning ERP, EAM, SCM, ITSM and FSM for manufacturers and service-focused operations.

Focus Areas
Industrial AI, Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM)
Website
ifs.com

Tracked deals

9

9 tracked deals across 2017-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

9 buyout

IFS Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for IFS. 1 2017 1 2019 1 2021 1 2022 2 2023 2 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    IFS
    Target
    Softeon
    Industry
    IT Services
    Type
    Buyout

    IFS completed its acquisition of warehouse management software provider Softeon, launching the combined offering as IFS Softeon. The deal brings together IFS’s Industrial AI capabilities with Softeon’s 20+ years of tier-1 warehouse management expertise to deliver end-to-end supply chain intelligence.

  • Buyer
    IFS
    Target
    Copperleaf Technologies Inc.
    Industry
    Software
    Location
    British Columbia, Canada
    Type
    Buyout

    IFS has completed its CAN$1 billion acquisition of Copperleaf Technologies Inc., buying all outstanding shares for CAN$12.00 each following regulatory and shareholder approvals. The deal brings Copperleaf’s decision-analytics and capital investment planning capabilities into IFS’s Industrial AI and enterprise cloud portfolio to expand asset-management and capital-planning offerings for asset-heavy industries.

  • July 10, 2024
    Buyer
    IFS
    Target
    EmpowerMX
    Type
    Buyout

    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.

  • Buyer
    IFS
    Target
    Falkonry
    Type
    Buyout

    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.

  • June 20, 2023
    Buyer
    IFS
    Target
    Poka, Inc.
    Industry
    Software
    Location
    Quebec, Canada
    Type
    Buyout

    IFS has signed a definitive agreement to acquire Poka, Inc., a Quebec‑based provider of a connected worker platform for manufacturers. The acquisition expands IFS’s ERP, EAM and FSM capabilities by adding Poka’s connected worker technology to digitally connect factory and field workers; the deal is expected to close in Q3 2023.

  • Buyer
    IFS
    Target
    Ultimo Software Solutions
    Industry
    Cloud & SaaS
    Location
    Netherlands
    Type
    Buyout

    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.

  • Buyer
    IFS
    Target
    Customerville
    Industry
    Cloud & SaaS
    Type
    Buyout

    IFS, the global cloud enterprise applications company, has acquired Customerville, a Design-Driven Feedback SaaS platform. The acquisition will integrate Customerville's voice-of-customer and interactive survey capabilities into IFS Cloud to strengthen customer engagement, feedback collection, and CX-driven product and service innovation.

  • Buyer
    IFS
    Target
    Astea International
    Seller
    ANKA Limited Partnership, Zack Bergreen, Fredric Etskovitz, Other Astea shareholders
    Industry
    Software
    Type
    Buyout

    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.

  • Buyer
    IFS
    Target
    mplsystems Limited, Field Service Management Limited
    Industry
    Software
    Location
    United Kingdom
    Type
    Buyout

    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.

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