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Special report N°8 - Hg
November 2024

Hg has invested in IFS, a pioneer in ERP solutions

Published on
26/11/2024
Amended on
27/11/2024
0
minute(s)
Hga manager featured on Vintage Altaroc Odyssey 2022, made a substantial investment in IFS in 2022, valuing the Swedish company at $10 billion. Seeing great potential in the company, Altaroc also made a co-investment in IFS alongside Hg.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

From its modest beginnings in 1983, IFS has come an impressive way to become a world leader in enterprise software. With 40 years' experience under its belt, IFS has shaped the industry with its ERP (Enterprise Resource Planning) and EAM (Enterprise Asset Management) solutions, distinguishing itself by its ability to innovate and adapt to ever-changing business challenges.

A solid foundation

Founded in Linköping, Sweden, IFS has built its reputation on a customer-centric approach, offering flexible solutions that extend far beyond traditional enterprise software functionality. Over the years, the company has extended its influence worldwide, establishing strategic partnerships and expanding its product portfolio to meet the diverse needs of companies in sectors ranging from manufacturing to aerospace and energy.

Innovation at the heart of success

IFS's history is closely linked to its commitment to innovation. As the technological landscape has evolved, IFS has stayed at the forefront, integrating emerging technologies such as artificial intelligence, IoT and mobility into its solutions. This has enabled customers to optimize their operations, make informed decisions and remain competitive in an ever-changing business world.

Comprehensive solutions for complex challenges

At the heart of IFS' offering are its ERP and EAM solutions, designed to help companies manage their entire value chain. From resource planning to asset management, IFS offers powerful tools that adapt to the size and complexity of each organization. This holistic approach has earned IFS the trust of customers of all sizes, from SMEs to major global corporations.

In an interview with Altaroc, Nic Humphries, Senior Partner and Executive Chairman of Hg, emphasized the crucial importance of the flexibility and adaptability of the solutions provided by IFS: the company "is part of this broad category of ERP software, which is worth several hundred billion dollars worldwide, but has a very particular niche around asset-intensive industries, which allows it to be number 1 in this sector".

The company reported remarkable results, with software revenue growth of 33% in 2023, recurring revenue growth of 35% and cloud revenue up 46%.

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Special report N°8 - Hg
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