IFS, a global leader in cloud-based enterprise software and industrial artificial intelligence, has reached a major milestone by achieving a valuation of over €15 billion following a new financing round involving leading strategic investors. Hg Fund manager in the Vintage FPCI Altaroc Odyssey and in the selection universe of the Vintage ) announced an increase in its stake in IFS, thereby becoming a co-controlling 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.













