IFS Expands Strategic Investment in IFS Ultimo Enterprise Asset Management (EAM) Solution in North America

Summary

April 18, 2023 - IFS, the global cloud enterprise software provider, has accelerated its investment in resources to support the scale of demand for IFS Ultimo since its acquisition of the solution in 2022. The investment will cover critical growth functions such as Sales, Support & Implementation resources and Microsoft Azure Data Center locations for cloud hosting.

The success of the IFS Ultimo EAM software acquired in 2022, is due to its ability to provide flexible and cloud-native out-of-the-box propositions that enable rapid ramp-up in EAM capabilities in cross-team collaboration between Maintenance, Operations and Safety departments.
 
Ultimo combines a fully integrated broad EHS & Operations suite and specific industry solutions for Manufacturing, Logistics and Healthcare. The IFS Ultimo EAM customer base consists of more than two thousand customers, including multiple global brands within Food & Beverage, Oil & Gas, as well as Terminals & Ports. 

Jeremiah Woodford, chief revenue officer IFS Assets, based in IFS North American headquarters in Itasca, said: “We have a diverse North American customer base who have relied on IFS Ultimo EAM for many years,” He continued, “With the increased investment by IFS in the U.S. & Canada, we are poised to provide industry-leading Enterprise Asset Management software to more customers.”

Alongside IFS Ultimo EAM, and for larger enterprises, IFS offers IFS Cloud where global companies can benefit from FSM, EAM and ERP on a single platform, each as a composable module.  

David Spencer, president of North America, commented, “The deep bench of knowledge we have in North America when it comes to the needs of Manufacturing, Fleet & Logistics and Hospitals is strengthened with the addition of IFS Ultimo EAM to our offering.” Spencer added, “When we look at the competitive landscape, we can now offer more choice in Asset Management solutions to a broader segment of the market covering mid-market and Enterprise clients.”

In 2022, Gartner recognized IFS as #1 in EAM market share by revenue–compared to SAP, IBM, Infor and Oracle–with 18% share, that grew 29.1% YoY. In addition, IFS’s commitment to customer success was recognized by Gartner Peer Insights, presenting IFS with the Customers’ Choice accolade. The company believes this achievement is evidence that its continued focus on bringing composable technology with industry-specific capabilities to market is resonating with customers.
 

About IFS Ultimo

IFS Ultimo is a SaaS EAM solution from IFS, focused on maintenance & safety and well known for a rapid deployment, ease of use and an unparalleled time to value. The software is used by more than 2,000 customers globally in manufacturing, healthcare, logistics and utilities. It offers customers in these sectors many advantages such as increased uptime, the management of costs, increased equipment lifespan, ease of adherence to laws and regulations and the assurance of a safe working environment.

About IFS

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers–at the Moment of Service. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our global team of over 5,500 employees every day live our values of agility, trustworthiness and collaboration in how we support thousands of customers.