IFS, announces it 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 building a strong reputation for the completeness, flexibility, and configurability of its SaaS EAM solutions.
ULTIMO complements the IFS Cloud EAM offering with a proven track record of delivering 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.
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.
IFS CEO, Darren Roos, commented, “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”. Roos added: “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.”
IFS expects the acquisition of ULTIMO to complete in Q3 2022.
