IFS

IFS, founded in 1983, stands out as a preeminent player in the realm of Industrial AI and enterprise software. With its headquarters in Sweden, the company is dedicated to empowering hardcore businesses that are integral to manufacturing, servicing, and powering the planet. Their core offering, IFS Cloud, is a versatile AI-powered platform that addresses the intricacies of ERP, EAM, SCM, ITSM, and FSM.

Characterized by a customer-first ethos since its inception—where founders even camped outside a client site to ensure round-the-clock availability—IFS has evolved into a global leader with more than 7,000 employees across 80 countries. Their commitment to leveraging AI, machine learning, and real-time analytics positions them as the "most recommended supplier" within their sector.

Notably, Hg led the last substantial secondary market investment on 30 March 2022, affirming investor confidence in IFS's strategic value and market impact.