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IFS reports industry leading results with 33% software revenue growth for 2023

Retrieved on:

Tuesday, January 30, 2024

Cloud, Tele2, Public utility, ESM, ERP, FSM, Tele, Stannah Lifts, City, Poka, Trust, US Naval Advance Bases, CFO, Partnership, EAM, AI, CIO, Moment, ESG, Ecosystem, ARR, Construction, PwC, NOTE, Conference, Industrial, EUR, Artificial intelligence in industry, APJ, A. J. Foyt, Yoy, Growth, Video game

IFS's product innovation in IFS Cloud and the inherent IFS.ai capabilities are in demand from existing customers and has attracted a large number of new customers choosing IFS over industry peers.

Key Points:

IFS's product innovation in IFS Cloud and the inherent IFS.ai capabilities are in demand from existing customers and has attracted a large number of new customers choosing IFS over industry peers.
IFS CEO Mark Moffat commented: "This time last year we reported five years of strong consecutive double-digit growth.
Financial and Operational Highlights for FY 2023, growth YoY:
FY2023 software revenue was EUR 853m, an increase of 33 percent versus 2022.
The IFS partner Ecosystem delivered some equally strong results with a 10% growth YoY in partner contribution to 41%.

IFS reports industry leading results with 33% software revenue growth for 2023

Retrieved on:

Tuesday, January 30, 2024

IFS's product innovation in IFS Cloud and the inherent IFS.ai capabilities are in demand from existing customers and has attracted a large number of new customers choosing IFS over industry peers.

Key Points:

IFS's product innovation in IFS Cloud and the inherent IFS.ai capabilities are in demand from existing customers and has attracted a large number of new customers choosing IFS over industry peers.
IFS CEO Mark Moffat commented: "This time last year we reported five years of strong consecutive double-digit growth.
Financial and Operational Highlights for FY 2023, growth YoY:
FY2023 software revenue was EUR 853m, an increase of 33 percent versus 2022.
The IFS partner Ecosystem delivered some equally strong results with a 10% growth YoY in partner contribution to 41%.

IFS delivers 38% YoY revenue growth with sharp rise in demand for its AI capabilities

Retrieved on:

Tuesday, July 25, 2023

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Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.

Key Points:

Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.
That said, with cloud, VR, RPA and IoT technology capabilities now seen as staple, the AI capability which IFS brings, embedded, natively to our customers is becoming a significant differentiator.
IFS's roadmap remains firmly aligned to these trends with technology that accelerates intelligent insights and automation and optimizes people and assets.
With AI well established throughout its automation, prediction, and optimization capabilities the company has seen a sharp increase in demand in H1 by both existing and new customers.

IFS delivers 38% YoY revenue growth with sharp rise in demand for its AI capabilities

Retrieved on:

Tuesday, July 25, 2023

Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.

Key Points:

Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.
That said, with cloud, VR, RPA and IoT technology capabilities now seen as staple, the AI capability which IFS brings, embedded, natively to our customers is becoming a significant differentiator.
IFS's roadmap remains firmly aligned to these trends with technology that accelerates intelligent insights and automation and optimizes people and assets.
With AI well established throughout its automation, prediction, and optimization capabilities the company has seen a sharp increase in demand in H1 by both existing and new customers.

IFS Acquires Poka

Retrieved on:

Tuesday, June 20, 2023

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IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency.

Key Points:

IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency.
LONDON, June 20, 2023 /PRNewswire/ -- IFS , announces it has signed a definitive agreement to purchase Poka, Inc. (Poka) the market leading Quebec based provider of a connected worker platform.
Poka enables factory and field workers to be more efficient across all aspects of their jobs from training and development to troubleshooting.
The acquisition puts IFS at the nexus of this trend as it now combines its ERP / FSM / EAM technology with Poka and extends its value all the way to the actual user empowering them at every step.

IFS Acquires Poka

Retrieved on:

Tuesday, June 20, 2023

IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency.

Key Points:

IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency.
LONDON, June 20, 2023 /PRNewswire/ -- IFS , announces it has signed a definitive agreement to purchase Poka, Inc. (Poka) the market leading Quebec based provider of a connected worker platform.
Poka enables factory and field workers to be more efficient across all aspects of their jobs from training and development to troubleshooting.
The acquisition puts IFS at the nexus of this trend as it now combines its ERP / FSM / EAM technology with Poka and extends its value all the way to the actual user empowering them at every step.

SE Ventures Celebrates Fifth Anniversary, Advancing Innovation in Climate and Industrial Technology

Retrieved on:

Wednesday, November 9, 2022

Since its founding, SE Ventures has invested 500 million in 40+ companies, including 6 Unicorns

Key Points:

Since its founding, SE Ventures has invested 500 million in 40+ companies, including 6 Unicorns
SILICON VALLEY, Calif., Nov. 9, 2022 /PRNewswire/ -- SE Ventures , a premier early-stage Venture Fund, is celebrating its fifth anniversary this year.
Since its founding, SE Ventures has committed close to 500 million in early-stage companies with a focus on digitization, electrification and sustainability.
We are so proud of SE Ventures' success these first five years and yet, in many ways, this is just the beginning.
SE Ventures backs big ideas and bold entrepreneurs who can benefit from Schneider's deep domain expertise and global customer reach.

AiDash Secures Investment from SE Ventures, a Leading Global Venture Fund Backed by Schneider Electric

Retrieved on:

Wednesday, November 2, 2022

AiDash , a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a strategic investment of $10 million from SE Ventures , a Silicon Valley-based global venture fund backed by Schneider Electric , the leader in digital transformation of energy management and automation.

Key Points:

AiDash , a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a strategic investment of $10 million from SE Ventures , a Silicon Valley-based global venture fund backed by Schneider Electric , the leader in digital transformation of energy management and automation.
Schneider Electric has a very robust portfolio of solutions related to grid resiliency and we see particularly strong synergy with their EcoStruxure Grid Asset Advisor offer.
The strategic fit was so great that we didnt want to wait until our Series C round planned for 2023 to work with Schneider Electric.
SE Ventures (SEV) is a global venture capital fund backed by Schneider Electric.

Poka Closes $25M Series B Round to Connect and Empower Frontline Factory Workers Across Global Manufacturers

Retrieved on:

Monday, June 7, 2021

Poka, a leading connected worker platform built specifically for manufacturers, has raised $25 million in Series B financing in support of the companys next phase of growth.

Key Points:

Poka, a leading connected worker platform built specifically for manufacturers, has raised $25 million in Series B financing in support of the companys next phase of growth.
Poka helps address these challenges by giving factory workers the ability to learn continuously and solve problems more autonomously at the point of need.
The funding will also expedite Pokas ability to better serve its growing global customer base by scaling its go-to-market teams.
Poka is trusted by leading global manufacturers including Nestl, Danone, Bosch, Kraft, Johnson & Johnson, and Tetra Pak.

Poka Lambro Selects Ribbon-ECI for Future-proof Connectivity in West Texas

Retrieved on:

Wednesday, April 1, 2020

Lambro, Po basin, Poka, Provinces of Italy, Rivers, Geography of Lombardy

Poka Lambro needed to upgrade its network to meet the increasing demands for its advanced services and to augment the bandwidth available to its customers.

Key Points:

Poka Lambro needed to upgrade its network to meet the increasing demands for its advanced services and to augment the bandwidth available to its customers.
A well-established provider of local telephone services, competitive long distance connectivity and high-speed internet across the Texas Panhandle, Poka Lambro has been reliably serving its rural, agriculturally rich communities for over 70 years.
"Western Texas is home to some of the strongest agri-business in the US, and its communities require consistent, reliable connectivity," said Mike Jarret, Vice President of Outside Operations at Poka Lambro.
For this business-critical network upgrade, Poka Lambro selected solutions from Ribbon-ECI's Apollo optical portfolio that can be deployed over its existing XDM network.