Innovative company - IFS acquires Falkonry

After acquiring Poka (a connected worker platform) last June , IFS has now acquired Falkonry, a software company that has developed artificial intelligence to detect anomalies in manufacturing processes. Falkonry's software platform helps companies to exploit the ever-increasing amount of data coming from industrial and manufacturing operations.

Present in the Vintage Altaroc Odyssey 2022, IFS specializes in ERP software (accounting, purchasing, project management) for industrial companies worldwide.

Until now, IFS has focused on AI designed to improve worker productivity. "Falkonry is more focused on performance and asset management in anomaly detection [...] The idea is to integrate it in such a way that companies can benefit from it easily, turnkey, without the need for machine learning," explains Christian Pedersen, Product Manager at IFS. Based in California, Falkonry counts the US Air Force, IMA Life and steel producer Ternium among its customers.

IFS recorded sales growth of 38% in the first half of 2023, reaching 493 million euros.