- IFS extends its leadership in the EAM software space with ULTIMO’s impressive product capabilities, customer base and team of experts.
- ULTIMO’s SaaS offering is differentiated by rapid return on investment, high levels of flexibility and configurability
LINKOPING, Sweden, July 5, 2022 /PRNewswire/ — IFSannounces that it has signed a definitive agreement for the purchase of Ultimo Software Solutions, the Netherlands cloud-based enterprise asset management (EAM) software provider. ULTIMO has been widely recognized for building a solid reputation for the completeness, flexibility and configurability of its SaaS EAM solutions.
IFS has a deep and long heritage in asset management and provides industry-specific, end-to-end EAM software to companies with complex needs and seeking to manage the efficiency of their assets from cradle to grave. .
ULTIMO complements the IFS Cloud EAM offering with a proven track record of delivering faster ROI in the industries they serve and providing a widely accredited EAM point solution for its rapid deployment and ease of use.
Founded in 1988, ULTIMO’s clientele is mainly located in Europe with some American presence. The company has its registered office at the Netherlandshas 180 employees and more than 2,000 customers, including London Gatwick Airport, BASF, VTTI, Ravago, Vion Food Group, Argent Energy and Hutchison Ports ECT Rotterdam.
The combination of IFS and ULTIMO means that IFS stands out from its competitors as the only vendor able to offer cloud-native EAM solutions that meet all businesses with complex end-to-end business needs or as a stand-alone point solution.
CEO of IFS, Darren Rooscommented“This acquisition puts IFS in a uniquely strong position as we now offer the most comprehensive set of EAM capabilities on the market. The flexibility and configurability of ULTIMO perfectly complements the end-to-end capabilities of IFS Cloud.” Roos added“Helping our customers achieve their Moment of Service goals by turning the assets and services they need into a business differentiator has been central to IFS’s success in EAM, and we know that’s something something that also resonates with ULTIMO customers.”
Willem-Jan ScholtenCEO of ULTIMO commented“I’m proud that we’ve succeeded in establishing ULTIMO as a respected provider of enterprise asset management software in our key industries. The market is ripe for disruption and we still have a lot to do, which is why being part of the IFS family means we can capitalize on our shared ambitions even faster.” He concluded“Now part of the industry’s #1 EAM software provider, we have found in IFS a company that shares our values and provides the support we need to take on what is so special about ULTIMO. – with our product, our customers, our employees and our partners – at the next level.”
Earlier this month, Gartner recognized IFS as #1 in EAM market share by revenue – compared to SAP, IBM, Infor and Oracle – with an 18% share, which increased by 29.1% year-on-year. Additionally, IFS’s commitment to customer success was also recognized by Gartner Peer Insights which awarded IFS the Customers’ Choice distinction. The company believes this achievement is proof that its continued goal of bringing composable technology to market with industry-specific capabilities is resonating with customers.
For more information on IFS Cloud for EAM, please visit: https://info.ifs.com/eam.html
IFS expects the acquisition of ULTIMO to be finalized in the third quarter of 2022.
IFS develops and delivers enterprise software for companies around the world that manufacture and distribute goods, build and maintain assets, and manage service-oriented operations. Within our single platform, our industry-specific products are inherently connected to a single data model and utilize embedded digital innovation so our customers can perform at their best when it really matters to their customers – at time of service. The industry expertise of our people and our growing ecosystem, coupled with a commitment to delivering value at every step, has made IFS a recognized leader and the most recommended supplier in our industry. Our team of 4,500 employees lives our values of agility, reliability and collaboration every day in the way we support our more than 10,000 customers. Find out how our enterprise software solutions can help your business today at ifs.com.
About Ultimo Software Solutions
Ultimo provides the #1 flexible enterprise asset management cloud platform for midsize businesses. The software is used by more than 2,000 customers worldwide in manufacturing, healthcare, logistics, infrastructure and utilities. It offers customers in these sectors numerous advantages such as increased availability, cost control, increased equipment life, ease of compliance with laws and regulations and the assurance of safe working environment. Ultimo delivers these benefits with unparalleled ROI through fast implementation processes, seamless integrations, and self-service application management. The company was established in 1988, has offices in the Netherlands, Belgium, Germany and the UK, and is supported globally by an extensive ecosystem of open partners. www.ultimo.com
Telephone: +44 7831 812 068
Contact Alex Rumble
Telephone: +31 6 537 482 95
This information was brought to you by Cision http://news.cision.com
The following files are available for download: