With breakthrough innovations like Nexus Black and TheLoops, IFS strengthens its leadership in Industrial AI, fueling strong global momentum
IFS, a global leader in enterprise cloud and Industrial AI software, has announced record H1 2025 performance, underpinned by 30% YoY growth in Annual Recurring Revenue (ARR) and major strides in AI-driven innovation. The company’s results mark a clear departure from traditional enterprise software models, with 82% of revenue now recurring and cloud revenue up 37%.
Key industrial players such as Arcelor Mittal, Callaway, Hitachi Energy, Japan Airlines, TotalEnergies, and Collins Aerospace joined IFS’s customer portfolio in the first half of the year, seeking scalable, AI-powered solutions tailored for complex industries.
“Customers are done with AI theory. They want AI that solves real problems at scale—and are placing their trust in IFS to lead them through the Industrial AI revolution.”
— Mark Moffat, CEO, IFS
IFS’s standout innovation in H1 was the launch of Nexus Black, an AI innovation accelerator, and the acquisition of TheLoops, which enabled the deployment of the industry’s first agentic AI workforce. These autonomous, self-learning agents are designed to operate within customer environments, minimizing manual effort and accelerating intelligent decision-making from the edge to the boardroom.
“Our phenomenal growth proves that Industrial AI is no longer optional—it’s mission-critical,” said Mark Moffat, CEO of IFS. “We’ve taken a clear lead in delivering contextual, real-world AI that drives outcomes, not just hype.”
Complementing these moves, IFS released IFS Cloud 25R1, which includes more than 200 new AI capabilities. The company’s platform now spans ERP, EAM, FSM, and SCM, empowering industrial enterprises to digitize operations while maintaining agility.
According to Matthias Heiden, CFO, “Our recurring revenue model, resilient operations, and innovation-led growth are giving IFS financial strength and scalability—traits now embedded into the solutions we offer.”
Market momentum continues to surge: IFS was recently valued at EUR 15 billion, named a Leader in two IDC MarketScape reports, and remains the only vendor to earn Customers’ Choice recognition in Gartner’s 2025 Peer Insights for EAM.
With a global team of 7,000+ employees and a footprint in over 80 countries, IFS is increasingly seen as the gold standard for AI in asset-heavy, service-driven sectors.
