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 September 18, 2015 - 10:53 AM EDT
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IFS Named as the “Challenger” in Gartner’s 2015 Magic Quadrant for Energy and Utilities Enterprise Asset Management


IFS position moves from “Niche Players” quadrant to sole position in “Challengers” quadrant

IFS (, 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 requirements.

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 Group Mustang.

A complimentary copy of the Gartner Magic Quadrant is available from the IFS website (

* 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. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About IFS

IFS™ ( 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: (

Follow us on Twitter: @ifsworld (

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Lyndsey Rojas
Analyst Relations
Phone: 1 888 437 4968
Anders Lundin
Corporate Communications
Phone 46 8 58 78 45 00

Source: Business Wire (September 18, 2015 - 10:53 AM EDT)

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