Frost & Sullivan Recognizes IFS for its Dominance of Enterprise Asset Management for Aerospace and Defense

Based on its recent analysis of the Enterprise Asset Management market, Frost & Sullivan recognizes IFS AB with the 2007 Global Frost & Sullivan Award for Market Penetration Leadership for its superior product contributions and unmatched customer focus which have established IFS as the market leader in this industrial vertical sector.

“With IFS Applications™, IFS has carved a niche for itself in the maintenance, repair & overhaul (MRO) and asset lifecycle management space by providing an unsurpassed range of solutions and services to all aspects of asset lifecycle management in aerospace and defense sectors,” says Frost & Sullivan Industry Manager Shibu SL. “Superior vertical industry focus, collaborative solutions involving all stakeholders, and innovation in overall equipment effectiveness (OEE) improvement are some of the key differentiators that make the company a favorite vendor in this space.”

“IFS Applications™ is a unique component based software suite that provides the best overall solution for managing the complex assets in the highly competitive aerospace and defense sector, where the key challenge is to reduce turnaround time while maintaining 100 percent accuracy in maintenance operations, managing the outsourced operations and interfacing with complex legacy systems,” notes Shibu.

While most companies are still on client/server architecture, IFS had the vision and the technical expertise to develop a component based architecture for its applications – the service-oriented architecture (SOA) platform, which is a cost effective way for the end users to quickly implement changes and respond more effectively to the rapidly changing business environment.

With as many as 60 business components built on its single foundation, IFS has widely been accepted as a company that sets the benchmark for the entire EAM systems industry. Since IFS Applications™ are highly scalable, allowing components to be added at anytime in any number of sites during or after the duration of a particular deployment, they are very attractive to small and medium enterprises (SME) whose business dynamics demand scalable solutions.

IFS’s open standards allow easy integration of its applications with legacy systems reducing costs associated with the migration. Further, through strategic technology partnerships with major solution providers, IFS has demonstrated flexibility in its applications which can seamlessly integrate with any existing software landscape.

The company also has supply chain management and fleet management solutions that offer excellent integrated solutions by addressing the overall enterprise application needs.

Overall IFS continuously enhanced its productivity, offering consistently excellent value to its customers. Aided by strategic partnerships with important channel partners, the company has been able to develop a large customer base in growing markets such as South Asia and China. Its unique global service delivery model provides coverage across continents from Australia to Latin America.

For its commitment to developing a gamut of cutting edge technology solutions designed around its customer interests, Frost & Sullivan is proud to present IFS with the 2007 Global Market Penetration Leadership Award in the aerospace and defense industry vertical in the EAM space.

Each year Frost & Sullivan presents this Award to the company that has demonstrated excellence in capturing market share within their industry. The recipient has demonstrated strategic excellence in product innovation, marketing, and sales strategies that have resulted in the largest gain in market share over the past 2-3 years.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About IFS AB

IFS (OMX STO: IFS), the global enterprise applications company, provides ERP solutions which enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.

Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications™, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.

IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; manufacturing; process industries; construction, contracting & service management; retail & wholesale distribution and utilities & telecom. IFS Applications provide extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities.

About Frost & Sullivan

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company’s Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit http://www.awards.frost.com.
Contacts

Frost & Sullivan
Stacie Kopecki, 210-247-2450
Stacie.kopecki {at} frost(.)com