IFS Named as the “Challenger” in Gartner’s 2015 Magic Quadrant for Energy and Utilities Enterprise Asset Management
IFS (STO:IFSA) (STO:IFSB)
IFS position moves from “Niche Players” quadrant to sole position in
the global enterprise applications company, has been named as the only
challenger in the Gartner Magic Quadrant for Energy and Utilities
Enterprise Asset Management*. IFS attributes this position to
significant growth in energy and utilities sectors such as power
generation and oil and gas.
“We are pleased to be recognized as the only challenger in the Gartner
Magic Quadrant for Energy and Utilities Enterprise Asset Management,”
said Colin Beaney, IFS global industry director for energy & utilities.
“Over recent years, we have experienced strong growth in this sector,
which includes the oil and gas segment, and we believe that our position
as challenger is proof of our momentum. IFS has more than 30 years’
experience of providing asset lifecycle solutions to the energy and
utilities sector and we work with some of the world’s leading oil and
gas companies—a legacy that we feel is unique in the enterprise
applications market. We also believe that Gartner’s recognition
validates the effectiveness of our global delivery capabilities and our
efforts to grow our partner ecosystem.”
Since it was founded, IFS has developed and delivered
best-practice-based, industry-specific solutions for the energy and
utilities sector in enterprise asset management, capital project
management, and asset lifecycle management. Working closely with leading
power generation, transmission and distribution companies, EPCI
contractors, drilling contractors, system/equipment suppliers and mobile
asset owners, IFS delivers solutions that meet these sectors’ stringent
IFS Applications™ is used by leading utilities such as Three Gorges,
National Hydroelectric Power Corporation, Brookfield Renewable Power,
Hafslund, GECOL, Horizon Utilities, Torresol, Vantaan Energia, and
nuclear power companies in Sweden, South Africa, Finland, Argentina, and
China. IFS customers in the oil and gas segment include: Technip,
Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies,
Odfjell Drilling, Agility Group, Babcock Marine, Heerema Fabrication
Group, Archer, Apply Sørco, MIR VALVE, Hertel Group, Rosenberg
WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS,
Wellstream, Hamworthy, ShawCore, Icon Engineering, Songa Offshore,
Mermaid Marine, Trans-Northern Pipelines Inc., Yinson Berhad, and Wood
A complimentary copy of the Gartner Magic Quadrant is available from the
IFS website (http://www4.ifsworld.com/l/5332/2015-09-16/2sd7p7).
* Gartner “Magic Quadrant for Energy & Utilities Enterprise Asset
Management” Leif Eriksen et al, Sep 2015.
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings or other designation.
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Gartner disclaims all warranties, expressed or implied, with respect to
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for a particular purpose.
is a globally recognized leader in developing and delivering enterprise
software for enterprise resource planning (ERP), enterprise asset
management (EAM) and enterprise service management (ESM). IFS brings
customers in targeted sectors closer to their business, helps them be
more agile and enables them to profit from change. IFS is a public
company (XSTO: IFS) founded in 1983 and currently has over 2,700
employees. IFS supports more than 2,400 customers worldwide from its
network of local offices and through a growing ecosystem of partners.
For more information visit: www.ifsworld.com (http://www.ifsworld.com/en/).
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