In general, IFS management believes that they can contribute increased customer value through Copperleaf’s ”Advanced Decision Analytics Software for Asset-Intensive Industries” combined with IFS’ leadership in Enterprise Asset Management. It is not difficult to agree with this assessment. The purchase has good conditions and also fits like a glove for IFS, which already has a position to defend as IFS is top-ranked by, among others, the analyst Gartner in their EAM market share report (Gartner Market Share: All Software Markets, Worldwide) 2023 report. The latter for the third year in a row.
Proactive development cycle for IFS Cloud
IFS has also, as PLM&ERP News reported in numerous articles and interviews, been successful in developing and delivering cloud software for companies around the world that manufacture and distribute goods, build and maintain assets, and manage service-focused operations. With the company’s platform, their industry-specific products are naturally connected to a single data model and use embedded digital innovation. IFS has chosen to specialize with solutions primarily in the aviation and defense, energy, construction & facilities, manufacturing, service and telecom segments.
It is not difficult to realize the potential that the now announced deal contains, both for both IFS and for the customers.
“Compelling value,” says Darren Roos
Darren Roos, Chairman of IFS, commented: “The combination of Copperleaf and IFS creates compelling value for the complex, asset-intensive customers we serve as well as partners, investors and employees. I am convinced that the company’s future as part of IFS will offer opportunities and growth for everyone.”
Finally, it is also clear that the acquisition is recognition of the investments and many years of hard work that have been put into Copperfield to make the business the success it is today. The company’s next phase of growth, as part of IFS, will allow it to accelerate even faster and offer customers even greater opportunities, thanks to shared values and a commitment to deliver the most advanced and commercially effective software assets that owners could need.”
In a previous PLM&ERP News, IFS base, Mark Moffat (picture above)–then relatively newly appointed-talked about his dreams and what ambitions he had with the Swedish business system developer. Among other things, he said that AI is really a super hot area that he still wants to invest heavily in. And he also said that he dreams of making the company a leader in EAM, Enterprise Asset Management. A tough goal, but today’s announced acquisition speaks a language that definitely aims for this goal.
Don’t miss reading the interview with Mark Moffat – click on the title below to be linked to the article:
