About IFS
IFS is a company based in Itasca (United States) founded in 1983 was acquired by Arcwide in February 2024. It operates as a SaaS (Software-as-a-Service), and Managed Services. The company has 6 employees as of April 04, 2024. IFS has completed 18 acquisitions, including 360 Scheduling, 7Bridges and Astea. IFS offers products and services including IFS Cloud, IFS.ai, and Field Service Management. IFS operates in a competitive market with competitors including Cloudinary, Canto, Air, Captricity and Digizuite, among others.
- Headquarter Itasca, United States
- Employees 6 as on 04 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ifs World Operations India Private Limited
- Date of Incorporation 22 Jul, 2022
- Jurisdiction Saltlake, West Bengal, India
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Annual Revenue
$281.14 K (USD)0as on Mar 31, 2023
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Net Profit
$16.89 K (USD)0as on Mar 31, 2023
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EBITDA
$42.73 K (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
Hg
& 3 more
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Employee Count
6
as on Apr 04, 2024
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Investments & Acquisitions
360 Scheduling
& 17 more
- Acquired by
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Products & Services of IFS
IFS offers a comprehensive portfolio of products and services, including IFS Cloud, IFS.ai, and Field Service Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enterprise software for asset and resource management solutions.
AI-driven insights for productivity and operational efficiency.
Software for managing field service operations effectively.
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Software Development Team
177 people
Leadership Team
117 people
Sales and Marketing
78 people
Senior Team
65 people
Finance and Accounting
36 people
Product Management Team
27 people
Operations Team
24 people
Human Resources and Administration
22 people
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Funding Insights of IFS
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Private Equity Round - IFS | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IFS
IFS has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Hg, EQT and TA Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IFS
IFS has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include 360 Scheduling, 7Bridges and Astea. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Analytics tools are provided for customer service workflow analysis.
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2019 | ||||
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AI and SaaS-enabled solutions for supply chain management are provided.
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2016 | ||||
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Offers software solutions for IoT applications.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IFS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ifs Comparisons
Competitors of IFS
IFS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cloudinary, Canto, Air, Captricity and Digizuite, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based platform for digital asset management
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| domain | founded_year | HQ Location |
Digital assets are managed, organized, and shared via cloud platform.
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| domain | founded_year | HQ Location |
A platform is offered for content creation and management.
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| domain | founded_year | HQ Location |
Data from paper as a service for various industries including Insurance
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| domain | founded_year | HQ Location |
Digital asset management solutions are offered for enterprise media handling.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ifs
Frequently Asked Questions about IFS
When was IFS founded?
IFS was founded in 1983 and raised its 1st funding round 39 years after it was founded.
Where is IFS located?
IFS is headquartered in Itasca, United States. It is registered at Itasca, Illinois, United States.
How many employees does IFS have?
As of Apr 04, 2024, the latest employee count at IFS is 6.
What is the annual revenue of IFS?
Annual revenue of IFS is $281.14K as on Mar 31, 2023.
What does IFS do?
IFS is established as a leading provider of enterprise software solutions, focusing on industries such as aerospace, defense, energy, utilities, manufacturing, and telecommunications. Comprehensive solutions including IFS Cloud, enterprise resource planning, asset management, and field service management are offered. Advanced industrial AI through IFS.ai is integrated to enhance productivity and operational efficiency. Services are extended to support digital transformation and sustainability goals across diverse sectors. Customer engagement and service excellence are prioritized through innovative software and AI-driven automation.
Who are the top competitors of IFS?
IFS's top competitors include Canto, Cloudinary and Air.
What products or services does IFS offer?
IFS offers IFS Cloud, IFS.ai, and Field Service Management.
How many acquisitions has IFS made?
IFS has made 18 acquisitions, including 360 Scheduling, 7Bridges, and Astea.
Who are IFS's investors?
IFS has 4 investors. Key investors include Hg, EQT, TA Associates, and Arcwide.