Leading European manufacturing company selects IFS

A leading European manufacturing company has signed a contract to use IFS Applications business software to support its operations.

Within the framework of the project, which has started, IFS will provide consulting services and IFS Applications licenses with an expected total value, including options, of approx. US $2,5 million. Contracted license revenue amounts to approx. US $700 000 in 2008.

Manufacturing is one of IFS' seven targeted market segments. IFS has a broad customer base in the industry, focusing on medium to large-sized manufacturers that need support for complex order-driven and mixed-mode manufacturing across the extended enterprise. With strong support for project management, engineering, constraint-based scheduling, product configuration, and after-sales support, IFS' component-based business solutions are designed to help companies improve quality, contain costs, and improve their competitive position in manufacturing industry segments such as machinery, defence, fabricated metal products, and plastics. Manufacturing companies also benefit from IFS' lifecycle management solution, which goes beyond product lifecycle management (PLM) to provide better integration and management of three critical business areas-products, customers, and resources-throughout their lifecycles.

IFS Manufacturing customers include Aeromatic-Fielder, Star-Cutter, J&H Machine Tools, Konskilde, Nolato Group, Bombardier, Partnertech AB, Mechanik Center Erlangen GmbH, Völkl and Tour & Andersson.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS ApplicationsTM, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in 54 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,600 employees and net revenue in 2007 was SKr 2.4 billion.

More information on IFS is available at www.IFSWORLD.com.

IFS Applications is a trademark of Industrial and Financial Systems, IFS AB (publ). All other referenced company or product names are trademarks or registered trademarks of their respective owners.

IFS, Box 1545, SE-581 15 Linköping, Sweden - Phone: +46 13 460 40 00 - Fax: +46 13 460 40 01 Industrial and Financial Systems, IFS AB (publ) is a limited liability company registered in Linköping, Sweden. Corporate identity number: 556122-0996