IFS, the global leader in enterprise cloud software and industrial artificial intelligence, has achieved a major milestone, reaching a valuation of over 15 billion euros following a new transaction involving leading strategic investors. Hg (manager present in the Vintage FPCI Altaroc Odyssey 2022 and in the Vintage 2025 selection universe), announced the increase of its stake in IFS, becoming a controlling co-shareholder alongside EQT.
At the same time, a number of renowned new investors, including the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board, joined the capital. Today, IFS has an outstanding track record: in 2024, the company exceeded one billion euros in annual recurring revenues (ARR) and recorded total sales of 1.2 billion euros, with annual growth in excess of 30%. Nic Humphries, Senior Partner and Head of Saturn Funds at Hg, commented: "With 20 years' experience of investing in the software sector, we know exceptional companies when we see them. Our increased investment in IFS reflects our belief in their long-term vision and excellent execution to support their customers' digital transformation."
Founded in Sweden in 1983, IFS today employs over 4,000 people and has more than 500 corporate customers. Its innovative solutions, integrating artificial intelligence and real-time data analysis, make it a key player in the digitalization of critical industries. Specializing in strategic sectors such as aerospace and defense, energy, manufacturing, construction and telecommunications, IFS is strengthening its position with its IFS.ai platform, capable of automating processes and maximizing business value for its customers.
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