IFS
Enterprise Software
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Profile
IFS provides software for businesses that manufacture, service, and manage complex assets.
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Founded
1983
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Greenfield backed since
1983
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Level of involvement
Executive Management & Founder
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Status
Exited
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Website
ifs.com
What they do
IFS develops cloud-based business software focused on asset- and service-intensive industries, including enterprise resource planning (ERP), enterprise asset management (EAM), and field service management (FSM).
IFS is a strong independent player on the global ERP market. The company has developed a unique position within industries such as Energy, Aviation & Defense as well as Field Service Management.
Pär Franzén
EQT
Journey with Greenfield
IFS was founded in 1983 by a group of students in Linköping, among them Greenfield’s founder Bengt Nilsson. Starting out as maintenance system, IFS soon broadened its product suite and expanded first in the Scandinavian region and then globally. IFS was acquired by Swedish private equity group EQT in 2015 following a long stint as a public company on Nasdaq Stockholm. By then IFS had over 2,700 employees, supporting more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners that combined to create reach of approximately 1 million users in businesses all over the world, who relied on IFS’s software for mission critical business processes.
