Enterprise Applications Vendor Reverses Fortunes - But Will Perseverance and Agility Be Enough?
P.J. Jakovljevic - August 9, 2006

Event Summary

Amid the ongoing protracted and ever-intensifying "feeding frenzy" in the enterprise applications market the ongoing turnaround success of IFS (XSSE: IFS) has gone somewhat unnoticed. IFS is a global enterprise applications supplier with sales in 54 countries, 2,600 employees, revenues of about SEK (Swedish krona) 2.15 billion ($290 million [USD]) in 2005, and more than 750,000 users at over 2,000 corporate customers worldwide. Perhaps the vendor's deliberate choice to stay away from any serious merger and acquisition talks has also contributed to it remaining outside the spotlight (although sporadic market speculation cannot be avoided)...