Talk:IFS AB

Edit request

I'd like to request some changes to update this article. The info in the infobox needs to be updated, headquarters has changed, the history is not up to date, the operations section is weak and unsourced, and there's no product section. I bulleted the items, and included the box text to make it easier to check the new references.

• I'd like to replace the first paragraph of the history section, to add missing info, and also replace poor sources:

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  IFS was founded in 1983 in Sweden and launched its first software product ''IFS Maintenance'' in 1985. Five years later the complete product suite IFS Applications was launched. In the next several years, IFS expanded in the [[Scandinavia|Scandinavian region]] and opened offices in [[Norway]], [[Finland]], [[Denmark]], and [[Poland]]. In 1993, IFS introduced its first graphical user interface and expanded to [[Malaysia]]. In 1995, it expanded to [[North America]].<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i>[[Wikipedia:Citation needed|<span title="This claim needs references to reliable sources. (April 2026)">citation needed</span>]]</i>]</sup>

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  IFS was founded in 1983 as Industrial & Financial Systems in [[Linköping]] Sweden, by a group of students from [[Linköping University]]. The company launched its first software product in 1985, a maintenance system for UNIX computers deployed at Swedish nuclear power facilities. In 1991, the company started expanding internationally with an office in Norway. In 1995, the company introduced the IFS Applications product suite, known for being able to operate on different types of hardware. The company continued its international expansion. The company expanded to [[North America]] in 1995.

IFS was founded in 1983 as Industrial & Financial Systems in Linköping Sweden, by a group of students from Linköping University. The company launched its first software product in 1985, a maintenance system for UNIX computers deployed at Swedish nuclear power facilities. In 1991, the company started expanding internationally with an office in Norway. In 1995, the company introduced the IFS Applications product suite, known for being able to operate on different types of hardware. The company continued its international expansion. The company expanded to North America in 1995.

 Done STEMinfo (talk) 23:41, 26 June 2026 (UTC)

• I'd like to modify the third paragraph, that starts in 2015 to remove outdated promotional info, and fix some bad sources:

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  In 2015, IFS had reached more than one million global users and was acquired by [[EQT AB|EQT]], a Swedish private equity group. IFS released its most recent ERP system, IFS Applications 10, in 2018 – the same year that Darren Roos was appointed as CEO, followed by IFS Field Service Management 6 in 2019.

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  In 2015, IFS was acquired by [[EQT AB|EQT]], a Swedish private equity group. IFS released an update of its ERP system, IFS Applications 10, in 2018. Also in 2018, Darren Roos was appointed as CEO. In 2019, IFS released IFS Field Service Management 6.

In 2015, IFS was acquired by EQT, a Swedish private equity group. IFS released an update of its ERP system, IFS Applications 10, in 2018. Also in 2018, Darren Roos was appointed as CEO. In 2019, IFS released IFS Field Service Management 6.

Partly done except for the product launches which seem minor. STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• Please add this chronologically at the front of the history paragraph that starts "In April 2024...":
  In January 2024, IFS appointed Mark Moffat as its new CEO, and Darren Roos became Chairman of the Board.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• Please add this to the end of the history paragraph that starts "In April 2024":
  In July 2024, IFS acquired EmpowerMX, a developer of aircraft business management software. In August 2024, the company acquired Vancouver-based decision-analytics firm Copperleaf.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• Please add this to the front of the April 2025 section of the history:
  In April 2025, EQT and TA Associates sold approximately €3 billion in shares of IFS in a transaction that valued the company at over €15 billion (approximately US$16 billion). As part of the transaction, Hg increased its stake to become a co-control shareholder alongside EQT, while a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) joined as new minority investors. TA Associates remained as a minority shareholder.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• This can go chronologically between the April 2025 and December 2025 history items:
  In June 2025, the company acquired Silicon Valley startup TheLoops, a developer of software for building and deploying AI Agents across business teams. In August 2025, IFS acquired UK-based AI automation and logistics management company 7bridges.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• This adds the name of the new division from the source, after the acquisition of Softeon:

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  In March 2026, the company announced the acquisition was completed.

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  In March 2026, the company announced the acquisition was completed, with the business operating as IFS Softeon.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• This updates the history and can go at the end. I thought about requesting a standalone sponsorships section, but with just two items, this seems simpler for now:
  In January 2026, Cadillac F1 announced IFS as its 2026 technology partner. In February 2026, British football club Chelsea FC announced that IFS would be one of the club's front of shirt sponsors, in a deal running until 2028.

 Done STEMinfo (talk) 00:33, 27 June 2026 (UTC)

• This adds a missing Products and services section, just after the history section, explaining what the company does:
  IFS develops and markets enterprise software for organizations that manage physical assets; manufacture and distribute goods; or operate field service businesses. The company's principal platform, IFS Cloud, combines enterprise resource planning, enterprise asset management, field service management, and enterprise service management capabilities. The company also develops an artificial intelligence platform called IFS.ai, to improve real-time data interaction and decision-making.
  The company's industrial software is designed for businesses in manufacturing; utilities; construction & engineering; telecommunications; aerospace & defence; and the services industry.

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• The current operations section is not very useful for readers, nor is it sourced. I'd like to replace it with this content:
  IFS is headquartered in London, United Kingdom. The company lists 42 offices in 26 countries. Mark Moffat is the company's CEO, and Darren Roos is Chairman of the Board. As of January 2026, the company reported 7,000 employees in 80 countries. The company reported €1.7 billion revenue in 2024. The company's clients include Rolls-Royce, HomeServe, E.On and Boston Dynamics.

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• The short description can also be changed to reflect the new HQ location:

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  {{Short description|Swedish enterprise software company}}

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  {{Short description|British enterprise software company}}

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• The hq_location_country field should be updated also:

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  | hq_location_country = Sweden

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  | hq_location_country = United Kingdom

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• Please add Darren Roos as Chairman to the key people field, sourced in the new operations section added above:

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  | key_people = Mark Moffat (CEO)

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  | key_people = Mark Moffat (CEO)<br>Darren Roos (Chairman)

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• Please update the products list in the infobox to an unbulleted list with linked items:

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  | products = Enterprise resource planning (ERP); enterprise asset management (EAM); field service management (FSM); enterprise service management

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  | products = {{unbulleted list|[[enterprise resource planning]] (ERP)| [[enterprise asset management]] (EAM)| [[field service management]] (FSM)| [[Service governance|enterprise service management]]}}

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• Please update the revenue in the infobox, sourced in the new operations section:

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  | revenue = €1.228 billion (2024)

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  | revenue = €1.7 billion (2025)<ref>https://www.ft.com/content/91aa6922-a6e1-4383-83bd-af5899587fd8</ref>

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

• Please update the lead section. It changes the location, adds the ownership, links the product fields, and removes an unnecessary source, since the info is sourced in the body, per MOS:

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  '''IFS''' (originally '''Industrial and Financial Systems''') is a Swedish enterprise software company headquartered in [[Linköping]]. The company 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).

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  '''IFS''' (originally '''Industrial and Financial Systems''') is a global enterprise software and industrial AI software company headquartered in [[London]], United Kingdom. The company develops cloud-based enterprise software focused on asset- and service-intensive industries, including [[enterprise resource planning]] (ERP), [[enterprise asset management]] (EAM), and [[field service management]] (FSM).

 Done STEMinfo (talk) 01:25, 27 June 2026 (UTC)

Thank you Sirschora (talk) 01:56, 17 June 2026 (UTC) Sirschora (talk) 01:56, 17 June 2026 (UTC)