IFS has signed a definitive agreement to purchase Ultimo Software Solutions, the Netherlands based provider of cloud Enterprise Asset Management (EAM) software.
Ultimo has been widely acknowledged for the completeness, flexibility, and configurability of its SaaS EAM solutions.
IFS has a deep and long-standing heritage in asset management and provides end-to-end industry specific EAM software to companies with complex needs and looking to manage their assets’ efficiency from cradle to grave.
Ultimo complements the IFS Cloud EAM, enabling them to deliver faster time to value within the industries they serve, and providing an EAM point-solution widely accredited for its rapid deployment and ease of use.
“This acquisition puts IFS in a uniquely strong position as we now offer the most complete set of EAM capabilities in the market. The flexibility and configurability of ULTIMO is a great complement to the end-to-end capabilities of IFS Cloud,” said Darren Roos, CEO, IFS.
“Helping our customers deliver on their Moment of Service goals by turning assets and the services they require, into a business differentiator has been central to IFS’s success in EAM, and this is something that we know resonates equally well with Ultimo customers.”
The combination of IFS and Ultimo means that IFS stands out against competitors as the only vendor that is now able to offer Cloud native EAM solutions that cater for every company with either complex end-to-end business needs or as a standalone point solution.
Latest IFS assyst update promises simplicity, affordability and speed in workflow technology
Willem-Jan Scholten, CEO, Ultimo, said, “I am proud that we have successfully established Ultimo as a well-respected provider of Enterprise Asset Management software in our core industries. The market is ripe for disruption, and we have a lot more to achieve, so being part of the IFS family means we can capitalise on our joint ambitions even faster.
“Now as part of the industry’s #1 provider of EAM software, we have found a company in IFS that shares our values and provides the backing we need to take what’s so special about Ultimo – with our product, customers, people and partners – to the next level.”
