IFS

IFS develops industrial AI and enterprise software, with a product portfolio spanning cloud-based Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Field Service Management (FSM) and Enterprise Service Management (ESM). The company positions its suite around industry-specific complexity, serving customers in manufacturing, aerospace and defence, construction and engineering, energy, utilities and resources, telecommunications and service sectors. Technical work is concentrated in Industrial AI, cloud software and the four enterprise application domains above.

Founded in 1983 and present in more than 90 countries, IFS reports that recurring revenue accounted for 83% of total revenue in FY2025, with annual recurring revenue growth of 23% year on year and cloud revenue growth of 30% over the same period. Its Net Retention Rate stands at 114%.

The company's stated focus is on what it describes as "hardcore businesses that service, power and protect the planet". Its founding story is unusual: the firm was started by five university friends, and the founders pitched a tent outside their first customer's site to guarantee round-the-clock availability - an early sign of the 24/7 customer service commitment the company still emphasises.