IFS Cloud

FSM combined with ERP and asset management for industrial service

Overview

IFS is an enterprise software company that sells IFS Cloud, a single suite combining ERP, enterprise asset management (EAM) and field service management for asset-intensive and service-centric industries such as aerospace and defence, energy and utilities, construction, manufacturing and telecommunications. IFS now describes itself as a provider of industrial AI software[9].

For the year ended 31 December 2025, IFS reported annual recurring revenue growth of 23%, cloud revenue growth of 30%, recurring revenue equal to 83% of total revenue, net revenue retention of 114% and a five-point expansion in operating margin[9]. Growth was helped by acquired businesses including Copperleaf (asset investment planning), Poka (connected-worker software) and Ultimo (EAM), and the company said the acquisition of Softeon, a warehouse management vendor, was expected to close in the first quarter of 2026[9]. Mark Moffat is chief executive.

The combination of ERP, maintenance and service in one product is IFS’s main differentiator; companies that manage fleets of complex equipment can plan maintenance, dispatch technicians and account for the work without integrating separate systems. IFS does not publish prices, and its focus on complex industrial operations makes it less suited to simple distribution or retail businesses.

IFS Cloud features

  • Field service, ERP and EAM in one suite
  • Scheduling optimisation
  • Service contracts and parts logistics
  • Connected-worker tools from Poka
  • Industrial AI
  • ERP, EAM and field service in one suite
  • Asset investment planning from Copperleaf
  • AI-driven supply chain and transport optimisation

IFS Cloud pricing

Quote-based subscription; no published prices.

IFS Cloud strengths and limitations

Strengths

  • Unified service, asset and finance data
  • Strong in aerospace, utilities and telecoms
  • Growth and retention reported for 2025
  • Expanding through acquisitions
  • Unified ERP, asset management and field service
  • Strong growth and retention reported for 2025

Limitations

  • No published prices
  • Complex for mid-sized companies
  • Privately held with limited disclosure
  • Long implementations
  • No published pricing
  • Privately held; limited financial disclosure beyond growth rates

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