IFS provides cloud-based enterprise software built for industrial complexity, combining enterprise resource planning, asset management, field service management and service management capabilities with embedded artificial intelligence. Operating across 90+ countries, the company serves manufacturers, energy utilities, aerospace and defence firms, and other sectors whose operations demand continuous availability and precision.
The company has demonstrated substantial commercial momentum. Annual recurring revenue grew 23% year-over-year in FY2025, with cloud revenue expanding 30% in the same period. Recurring revenue comprises 83% of total revenue, and the company reports a net retention rate of 114%, indicating strong customer expansion. Notable customers include Air France-KLM, Electrolux, and Cadillac.
Founded in 1983, IFS has built its reputation on deep industry expertise and reliability. The company's industrial AI capabilities are designed to help customers achieve operational excellence, particularly in asset-intensive sectors where downtime carries substantial costs. Its product portfolio addresses the specific technical and operational challenges that distinguish complex industrial operations from conventional enterprise environments.
