STOCKHOLM--(BUSINESS WIRE)--REgulatory News:
IFS (STO:IFSA) (STO:IFSB)
IFS (http://www.ifsworld.com/), the global enterprise applications company, announces that a leading European manufacturer of components for the automotive (http://www.ifsworld.com/en/industries/automotive-erp/) industry has selected IFS Applications™ (http://www.ifsworld.com/en/solutions/ifs-applications/) to enhance productivity across its international organization. The agreement includes licenses and services worth approximately € 1.9 million.
The company will implement IFS functionality supporting enterprise asset management (EAM), manufacturing, distribution, human resources, and financials. The solution will be deployed for some 1,500 users.
“IFS offers a fully-integrated process management system that meets all the requirements in this sector,” IFS automotive industry director Stefan Issing said. “By collaborating with our world-renowned customers in the global automotive industry, IFS has established itself as a leading business software provider in this space.”
IFS’s automotive solution is used by automotive dealers, automotive OEMs, automotive suppliers and their subcontractors. IFS offers a flexible, component-based business solution that supports all business-critical processes in the automotive sector and fulfils the requirements of the international automotive associations—fully integrated with financials and human resources.
IFS’s automotive customers include Volvo, BMW, Kendrion, Linamar, Borgstena, HUF Hülsbeck & Fürst, Toyota, and Shiloh Industries.
IFS (http://www.ifsworld.com/en/)™ is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.
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IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on December 5, 2014, at 12:00 p.m. CET.
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