ITASCA, ILL. - IFS, the global enterprise applications company, has been identified as the number two vendor in market share in enterprise asset management (EAM) software for complex asset maintenance repair and overhaul (MRO) by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.
In its new publication "Enterprise Asset Management and Field Service Management, Market Analysis and Forecast through 2017," ARC Advisory Group recognizes IFS as the number two vendor of EAM for complex MRO.
"Complex MRO is a demanding subset of EAM software," ARC Research Director for Enterprise Software Ralph Rio said. "In essence, it encompasses traditional maintenance and supporting functionality along with project management and logistics. The aerospace and defense industry is highly regulated with mission critical assets spread over a wide geography."
"IFS is also recognized by ARC Advisory Group as holding number one market share positions in aerospace and defense and oil and gas," IFS Americas President and CEO Cindy Jaudon said. "And this strong market position in complex asset MRO is one reason for those two vertical industry rankings. We are perhaps the only vendor in the market to offer all three types of MRO software; complex MRO, component MRO and heavy MRO used for very large assets like jet aircraft and naval vessels."
For the full report on ARC’s findings: http://www.arcweb.com/Research/Studies/Pages/EAM.aspx.
For more IFS News visit www.ifsworld.com/en-na/news.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology, and IFS Metrix Service Management. IFS focuses on industries where any of these four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 60 countries with over 2,800 employees in total. For more information about IFS, please visit: www.ifsworld.com.
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