Information Technology
IFS Accelerates Industrial AI Revolution: Q1 ARR Up 30%, Valuation Surges to EUR 15 Billion
Validation of IFS's strategy has never been stronger, with IFS's existing shareholders extending their commitment and new minority shareholders investing in the business. This will enable IFS to accelerate faster and capture more of the growing opportunity that Industrial AI presents.
Customer demand for IFS's industrial application of generative and agentic AI is soaring, thanks to the ease of which IFS.ai can be adopted and deployed, as well as the rapid value it delivers. IFS customers are not simply piloting AI, they are operationalizing it at scale, unlocking productivity, business resilience and strategic growth.
Over 50 new organizations became IFS customers in Q1, including global brands such as Total Energies, ArcelorMittal Projects Europe BV, Collins Aerospace, Goodyear and Hitachi Energy.
IFS recently announced , a strategic innovation program to expedite high-impact AI adoption for industrial organizations. Partnering with customers to solve bespoke, complex challenges in asset-intensive industries, IFS Nexus Black™ enables rapid development and deployment of AI capabilities to turn bold ideas into tangible outcomes in a matter of weeks.
"IFS is creating real market momentum thanks to more and more of the world's most respected industrial companies embedding IFS.ai into the very fabric of their operations and business processes," said . "This growth reaffirms our market leadership in mission critical areas of Enterprise Asset Management and Field Service Management."
"The development of IFS Nexus Black demonstrates our relentless commitment to innovation for customers. This is a true catalyst for accelerated AI value creation, designed exclusively for the complex needs of the industrial enterprise."
, said: "Now, more than ever, businesses understand that an adaptable technology stack is crucial for resilience in the face of global financial instability, reflected in our Annual Recurring Revenue increasing by 30% year-on-year. IFS is leaving no stone unturned for our industrial customers, delivering agile solutions and providing them with the tools to drive efficiencies across their business."
Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: adam.gillbe@ifs.com
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