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News Article | December 21, 2016
Site: co.newswire.com

Global PMI Partners, specializing in post merger (M&A) integration, advises EQT backed IFS on the integration of Mxi Technologies. On December 13th, 2016 IFS acquired Mxi Technologies (Mxi) following the recent takeover of IFS by the leading European alternative investment firm EQT. Global PMI Partners advised IFS on preparations for post-merger integration (also called M&A Integration) supporting comprehensive integration activity for the combined company’s global footprint. ​ Fredrik Vom Hofe, Group Senior Vice President Business Development at IFS said, ”Mxi Technologies is a global market leader within aviation maintenance software solutions to defense and commercial aviation operators, and the intention is to bring together Mxi and IFS on a Global level, and in a way that maximizes the benefits both companies customers and employees. We needed an advisor with very good knowledge and hands-on experience of global post merger integration projects. Global PMI Partners was then the natural choice.” For further information contact Michael Holm at +46 76867 0777, or via email at: michael.holm@gpmip.com.​ Mxi is the leading provider of integrated and intelligent maintenance management software solutions for the global aviation industry. Mxi serves defense and commercial operators, third-party Maintenance, Repair and Overhaul (MRO) companies, and Original Equipment Manufacturers (OEMs) with software, support and services. Headquartered in Ottawa, Canada, Mxi is a global organization with more than 265 employees. 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). Founded in 1983, IFS bring customers in targeted sectors closer to their business, helps them be more agile and prepare for what's next in their industry. IFS’s 2,800 employees support more than 1 million users worldwide from its network of local offices and through a growing ecosystem of partners. For more information, visit: IFSworld.com. Global PMI Partners is the only independent international organization focusing exclusively on delivering pre- and post-merger integration, separation and transformation services. With offices in 14 countries and a presence in most major business markets, Global Post Merger Integration Partners provides M&A integration expertise and senior execution resources to maximize corporate development potential.


News Article | April 12, 2015
Site: www.bloomberg.com

David Cameron’s plan to lower U.K. inheritance tax and compensate for it by increasing tax on the pensions of the wealthiest was described as being likely to complicate the system and raise house prices. The prime minister promised Sunday to raise the inheritance-tax threshold for couples to 1 million pounds ($1.5 million). If his Conservative Party wins the May 7 election, it will increase the current limit of 650,000 pounds for a couple with an additional 175,000-pound allowance for each partner when leaving their primary residence to their heirs. The proposal was attacked by Cameron’s Liberal Democrat coalition partners as a sign of his being more concerned with the wealthy than with poorer voters, and by Paul Johnson, director of the independent Institute for Fiscal Studies as likely to push more money into housing. “It is rather odd to give this special treatment to housing, given that owner-occupied housing is already extremely tax privileged,” Johnson told the BBC. “Anything that does something like this, which increases the tax privilege associated with an asset like housing will drive the price up in the long run.” Johnson said it would affect 2 percent of estates each year. The IFS also criticized the way Cameron proposed to pay for the tax cut with restrictions on pension tax relief for Britons earning more than 150,000 pounds annually. In a study published on its website, the body said it would increase the marginal tax rate for those earning between 150,000 and 210,000 pounds a year to 67.5 percent. Elsewhere on the campaign trail, Conservative Chancellor of the Exchequer George Osborne refused to say how the Conservatives would fund a promised 8 billion-pound ($12 billion) increase in funding for the National Health Service. “Because we have this balanced economic plan, because we are prepared to take difficult decisions in other parts of government, we can go on increasing the money to the NHS just like we did in the last parliament,” Osborne said. “They appear to believe they’ve got some historical reputation that allows them to make up numbers,” Liberal Democrat leader Nick Clegg said. Clegg set out his Liberal Democrat Party’s spending plans on Sunday, including offering more details about how the party’s “mansion tax” on high-value properties would work. When the party first proposed this in 2009, it said it would raise 1.7 billion pounds. Despite property prices having risen around 50 percent since then, the amount the party expects to raise has fallen to 1 billion pounds. The Liberal Democrats set out the maximum levels they would charge for each band of property values, starting at 2,000 pounds a year on properties worth between 2 million pounds and 2.5 million pounds, and rising to 9,000 pounds a year on properties worth between 4 million pounds and 5 million pounds. The party will on Monday set out a series of proposals to make life easier for consumers, including forcing energy companies to let people switch supplier within 24 hours.


News Article | May 18, 2015
Site: www.techradar.com

Whispers on the acquisition grapevine are saying that Microsoft has its sights set on the Swedish software firm IFS (Industrial and Financial Systems). IFS offers an ERP suite, along with a range of enterprise services including EAM (enterprise asset management) and ESM (enterprise service management). The organisation's core product is IFS Applications 9, and its customers include Saab, NEC, Nestle Waters, Olympus and Sky among others. The rumour that Redmond could be looking to acquire IFS comes from analysts including Christopher Wilder of Moor Insights and Strategy, who told Computing that the company was a "logical next target" for the software giant. Wilder said: "Microsoft would benefit from IFS' ERP, EAM and [ESM] solutions, loyal customer base, and the ability to provide hosted mission critical solutions." IFS, on the other hand, would obviously benefit from a vastly raised profile, not to mention Microsoft's contacts and resources – though the firm's CEO said that no acquisition was on the cards, save for smaller organisations IFS might be looking to hoover up itself. Earlier this month we heard speculation (from Bloomberg) concerning Microsoft picking up Salesforce, which would obviously be a massive acquisition – but Reuters later poured cold water on this idea, with its own sources claiming Salesforce was simply too big and expensive for Redmond to swallow, but there could be a bid further down the road. IFS would certainly seem to be a much safer option for Microsoft's near-term expansion plans.


DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/z9d8hl/enterprise) has announced the addition of the "Enterprise Application Market (Solutions, Delivery Model, Verticals and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering. The global enterprise application market is expected to reach $ 213.43 billion by 2020, registering a CAGR of 7.4% during 2014 - 2020. Enterprise application facilitates an easy flow of internal and external business information. Furthermore, the integration of business processes is effectively rendered through implementation of enterprise application. Thus, these benefits lead to a large adoption of enterprise applications among customers. CRM and ERP application would drive the enterprise application market significantly by year 2020, together contributing to around 2/5th of overall market revenue. The CMS application would grow rapidly in future, as it finds increasing use in converting unstructured data into structured information and allows a non-technical user to manage content on a website easily. There is a paradigm shift in the deployment methods from on-premise to cloud based models due to emergence of cloud technology in the market. Cloud enabled application considerably reduces the investments required in alternative IT resources. Thus, customers are shifting from on-premise to cloud enabled applications. Access of enterprise application from mobile devices would gain a surge, in terms of adoption. Retailers have adopted enterprise application to monitor and control their business processes. The healthcare industry would highly adopt enterprise applications to gain data transparency in real time. This allows the entire value chain involved in the healthcare industry to provide a patient-centric system. Realizing the business potential, market players such as Oracle, SAP and Infor are in the process of developing enterprise application for the healthcare industry. Leading vendors such as Oracle, SAP and Microsoft are launching applications, which can be delivered through on-premise as well as cloud models. Further, they are also developing integrated mobile applications with cloud to enhance the mobility of customer. The market is increasingly witnessing a shift towards cloud service.


News Article | May 5, 2015
Site: www.techradar.com

Global enterprise applications company IFS has released the latest version of its extended business software suite, IFS Applications 9. Launching the product to kick-off its IFS World Conference 2015 in Boston, Massachusetts, the firm outlined the key new features and capabilities of Applications 9. Designed to help organisations "spot the signals that help [a] business change and create an advantage", Applications 9 is an agile solution based on a partner-friendly architecture and can be delivered via Microsoft's Azure cloud. Introducing Applications 9, IFS senior VP of research and development Thomas Sald said the suite benefitted from an improved user experience, more than 500 new industry updates and capabilities including an embedded CRM, a lower overall total cost of ownership, and localised support for global businesses. "We know that user experience is important - it's directly linked to the business. It increases productivity and makes it easier to make the right decision. It also shortens the implementation time and increases talent retention. It looks good, yes, but it supports your business." Applications 9 also comes with a number of project management and collaboration improvements, thanks to the new IFS Lobby and IFS Streams applications. These include real-time messaging and notifications across multiple devices and the web in Streams, and customisation options in IFS Lobby, Applications 9's at-a-glance information dashboard that can be tailored to individual roles and processes. Introducing the new features, the company's CTO, Dan Matthews, said: "Applications 9 is about creating business agility and the flexibility to capitalise on change. You need to be able to look out across multiple areas of your business and understand how they work together, getting close to things that are happening, as they're happening. " Alastair Sorbie, president and CEO of IFS Group, added: "Today, we will be launching IFS Applications 9. We think it's the best release we've ever brought out. We've tried to build this idea of agility into the product as we've gone along. If you want to ride the wave of disruption, you need to have agile systems in place, ready to work like mad when the wave comes along." Among the one million users of the firm's applications, key verticals for IFS Applications 9 include the service management, industrial manufacturing, and offshore contracting sectors. Early adopters of the software suite include Beijer Electronics and Kimal. During the opening keynote session, Stephen Boyle, VP of enterprise partners at Microsoft, also encouraged businesses to start leveraging the Internet of Things for a competitive advantage, saying it was poised to disrupt a range of industries. "The Internet of Things is the next opportunity facing us. Whichever set you look at, the numbers are enormous - IoT touches all industries. Whether you're in healthcare or consumer, it fundamentally allows you turn anything into a service."


News Article | May 18, 2015
Site: www.businesswire.com

CHICAGO--(BUSINESS WIRE)--A culmination of high claim activity (or aggregation risk) for property/casualty insurers is a rising risk as insurers increase coverage to protect against cyber threats, says Fitch Ratings. However, the potential for any future credit impact to major providers is kept in check by the still relatively small size of the cyber-related insurance market. As insurers continue to improve and refine their understanding of cyber risks, Fitch expects the industry to broaden coverage and accept larger and potentially more threatening exposures. Although growing rapidly, global cyber insurance premiums are between USD1.5 billion to USD2 billion, according to ACE Ltd., which believes it holds about 8%-9% of the market. As such, a significant increase in cyber events is not likely to generate insured losses that would represent a substantial threat to the capital position of individual insurers or the industry. Moreover, we believe that most cyber writers have prudently managed cyber risk exposure limits, in part due to limited experience and expertise in underwriting and pricing these risks. Thus, even under an extreme scenario today, we believe that losses would be relatively manageable for providers directly covering cyber threats, such as ACE (Insurer Financial Strength [IFS]: AA/Stable) and AIG (IFS on P/C: A/Positive) in the US and Lloyd's of London (IFS: AA-/Stable) in the UK. What is less clear is how loss aggregation could play out under a severe cyber attack that leads to insurable events covered by noncyber-related catastrophe policies, including standard commercial liability, business interruption and professional liability. Increasingly, major corporations are able to point to the immediate and lingering costs of data breaches. In one of the most high-profile cases, US retailer Target Corp. incurred $252 million of expenses relating to its 2012 data breach, which was partially offset by $90 million of expected insurance recoveries. Malware on Target's point-of-sale system led to the theft of approximately 40 million credit and debit card accounts and the contact information on 70 million customers. US retailer Home Depot recorded $63 million of pretax expenses in fiscal 2014 related to a malware breach on self-checkout systems in the US and Canada. The company still expects to incur "significant" future legal and other expenses due to the data breach. High-profile incidents such as those above elevate cyber security issues to the legislative and regulatory levels, which could lead to better data protection legislation being adopted in the US. Already, under formulated EU directives being contemplated, a failure to report a breach in time could lead to fines of up to 5% of total turnover, or EUR100 million, whichever is greater. Fitch believes that such directives could increase demand for cyber insurance. Moreover, in April 2015, Swiss Re announced that it will partner with IBM to offer cyber risk protection products and services to companies. Fitch believes that such partnerships between tech firms and insurers will become increasingly common over the next years. The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings. ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.


News Article | March 31, 2015
Site: www.businesswire.com

Comprehensive, single-instance IFS solution to be deployed throughout the company’s global organization. IFS (http://www.ifsworld.com/), the global enterprise applications company, announces that a Nordic manufacturer of packaging solutions has chosen IFS Applications™ (http://www.ifsworld.com/en/solutions/ifs-applications/) as its ERP (http://www.ifsworld.com/en/solutions/enterprise-resource-planning/) system to support its current and future needs. The agreement includes licenses and services worth approximately SKr 11 million. The company needed a new ERP solution that could support its mixed-mode manufacturing while enabling rapid global growth. After an extensive screening of the business software market, the company chose IFS Applications over competing solutions from vendors such as Microsoft and SAP. IFS (http://www.ifsworld.com/en/)™ is a globally recognized leader in developing and delivering business 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. Visit the IFS Blogs on technology, innovation and creativity: http://blogs.ifsworld.com/ IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on March 31, 2015, at 3:30 p.m. CEST. This information was brought to you by Cision http://news.cision.com


News Article | May 18, 2015
Site: www.techradar.com

Whispers on the acquisition grapevine are saying that Microsoft has its sights set on the Swedish software firm IFS (Industrial and Financial Systems). IFS offers an ERP suite, along with a range of enterprise services including EAM (enterprise asset management) and ESM (enterprise service management). The organisation's core product is IFS Applications 9, and its customers include Saab, NEC, Nestle Waters, Olympus and Sky among others. The rumour that Redmond could be looking to acquire IFS comes from analysts including Christopher Wilder of Moor Insights and Strategy, who told Computing that the company was a "logical next target" for the software giant. Wilder said: "Microsoft would benefit from IFS' ERP, EAM and [ESM] solutions, loyal customer base, and the ability to provide hosted mission critical solutions." IFS, on the other hand, would obviously benefit from a vastly raised profile, not to mention Microsoft's contacts and resources – though the firm's CEO said that no acquisition was on the cards, save for smaller organisations IFS might be looking to hoover up itself. Earlier this month we heard speculation (from Bloomberg) concerning Microsoft picking up Salesforce, which would obviously be a massive acquisition – but Reuters later poured cold water on this idea, with its own sources claiming Salesforce was simply too big and expensive for Redmond to swallow, but there could be a bid further down the road. IFS would certainly seem to be a much safer option for Microsoft's near-term expansion plans.


News Article | June 15, 2015
Site: www.businesswire.com

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6cq74v/erp_market_in) has announced the addition of the "ERP Market in Turkey 2015-2019" report to their offering. Turkish ERP Market in Turkey to Grow at a CAGR of 9.52% Over the Period 2014-2019 Mobile ERP helps end-users access ERP services through mobile devices such as smartphones or tablets. In Turkey, the trend of a mobile workforce has gained traction in large companies in the last five years and is now becoming common in SMEs as well. Most ERP vendors have started offering solutions for mobile devices, and some have made web interfaces accessible from mobile browsers. Vendors have started developing mobile apps or applets that offer the same functionalities as core ERP software. Mobility will continue gaining popularity as many people seek real-time access regardless of their location. According to the report, IT and related services such as mobility, cloud, analytics, and data centers are growing markets in Turkey. Mobile devices such as tablets are being increasingly used with the privatization of the banking and retail sectors. Turkey is a leader in cloud computing services in Europe. More than 32% of the enterprises in Turkey were using cloud services in 2014, and several others planning to adopt cloud computing technology within the next three years. The unstable political scenario in the country is affecting market growth.


News Article | February 24, 2017
Site: www.prnewswire.com

WASHINGTON, Feb 24, 2017 /PRNewswire/ -- Supply & Demand Chain Executive magazine grants award to APICS, ERP thought leader IFSSenior Advisor Bill Leedale has been recognized by the Pros to Know Awards for his efforts in leadership positions in APICS and his work with users...

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