Latest news with #NexusBlack
Techday NZ
24-07-2025
- Business
- Techday NZ
IFS cloud revenue surges 37% amid €15bn industrial AI push
IFS reported a 30% year-on-year increase in annual recurring revenue (ARR) for the first half of 2025, along with substantial growth across its cloud and recurring revenue streams. The company stated that its cloud revenue rose by 37% compared to the prior year, while overall recurring revenue increased by 24%. Recurring revenue now constitutes 82% of IFS's total revenue. IFS, which was recently valued at €15 billion, highlighted its acquisition of TheLoops and the launch of its Nexus Black platform as significant developments in its progress within the industrial artificial intelligence (AI) sector. The company indicated that these moves have helped to position it with a portfolio of industrial AI technologies tailored for operational and mission-critical environments. Customer momentum According to the company, 130 new industrial brands selected IFS in the first half of the year, including firms such as Arcelor Mittal, Callaway, Collins Aerospace, Hitachi Energy, Japan Airlines, and TotalEnergies. Average deal size from new customers also increased significantly in the period, IFS stated. IFS's performance is linked to robust demand for industrial AI applications and ongoing execution of its financial model, according to its leadership team. "Our phenomenal growth proves 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," said Mark Moffat, CEO of IFS. "The connection between our performance and AI innovation is unmistakable. As demand intensifies, IFS stands apart, thanks to our domain depth, contextual intelligence, and unwavering focus on industry." Matthias Heiden, Chief Financial Officer of IFS, also commented on the results and approach underpinning the company's financial outcomes. "Our fiscal performance reflects the fast-growth, differentiated Industrial AI leader that IFS has become, with a disciplined financial model rooted in recurring revenue, resilient operations, and scale-ready agility. These same principles are built into our solutions to empower our customers to drive long-term value. With this strong foundation, we're not just growing, we're redefining what's possible for industrial enterprises." AI capabilities and acquisitions IFS stated that the acquisition of TheLoops marks the introduction of an agentic AI workforce targeted at complex industries, while its Nexus Black initiative acts as an accelerator for developing and delivering tailored AI solutions at scale. The business also launched IFS Cloud 25R1, which brings over 200 AI-driven capabilities to customers. Further, the company said that continued demand for its AI-powered solutions acquired in previous transactions - including Copperleaf, Poka, Ultimo, P2, and EmpowerMX - remains strong and has contributed significantly to its growth in the first half of 2025. Market standing IFS highlighted a €15 billion valuation, supported by the rising demand in the industrial AI sector. The company also reported several recognitions, including being named Customers' Choice in the 2025 Gartner Peer Insights Voice of the Customer for Enterprise Asset Management (EAM) and ranking number one for EAM for the fourth consecutive year in Gartner's Market Share: Enterprise Software, Worldwide, 2024 report. Additionally, IFS was recognised as a Leader in two IDC MarketScape 2024–2025 vendor assessments and has been appointed as an advisor to the UK Parliamentary Group on AI. Partner ecosystem and industry position IFS attributed some of its scaling and growth in deal sizes to its global network of strategic partners. The company suggested its ecosystem has played a central role in supporting its capacity to deliver to customers across diverse industrial sectors. The company's results and leadership commentary indicate a continuing emphasis on industrial AI, the transition to cloud-based deliveries, and maintaining a high proportion of recurring revenues as it pursues further growth.
Web Release
14-07-2025
- Business
- Web Release
IFS appoints Kriti Sharma as CEO of Nexus Black and expands AI leadership team to accelerate Industrial and Agentic AI innovation
IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS's commitment to Industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves. Sharma is a globally recognized AI leader with a strong track record in building enterprise AI products and scaling responsible AI initiatives. She joins IFS from Thomson Reuters, where she served as Chief Product Officer for LegalTech, leading major AI transformations. She previously held senior AI roles at Sage Group and GfK, and is a non-executive board member of Rightmove PLC. Her work has been recognized by Forbes 30 Under 30, the UK Prime Minister's Points of Light award, and the United Nations, where she was named a Young Leader for her contributions to ethical and inclusive AI. As CEO of Nexus Black, IFS's AI innovation accelerator launched earlier this year, Sharma will lead the design and delivery of domain-specific, agentic AI for industries such as manufacturing, energy, aerospace, and construction. She will work closely with customers to deliver practical, scalable applications that solve complex, high-value, industry-specific challenges. Kriti Sharma, CEO of IFS Nexus Black, said: 'GenAI was just the starting line. The real opportunity lies beyond generic tools. The revolution happens with contextual, agentic AI that solves deeply complex, industry-specific problems. From predicting critical asset failures to optimizing global supply chains, with Nexus Black we're not just building AI – we're building intelligence that works in the real world.' Joining Sharma is Nick Vandivere, appointed Chief Innovation Officer, Nexus Black. Vandivere also joins from Thomson Reuters and will lead the expansion of IFS's Industrial AI pipeline. He will focus on frontier use cases and strategic technology investments, working closely with Sharma to accelerate agentic AI delivery across the IFS Cloud platform. Mark Moffat, CEO of IFS, said: 'This is a critical moment in our AI journey. We're not just exploring what's possible, we're building what's needed. With Kriti at the helm of Nexus Black and an exceptional team of leaders driving innovation across our business, IFS is uniquely positioned to deliver Industrial AI that is contextual, agentic, and deeply relevant to the industries we serve.' These appointments reflect IFS's continued investment in delivering intelligent automation, real-time decision-making, and AI agents purpose-built to solve the challenges of industries that maintain critical infrastructure and services.
Zawya
14-07-2025
- Business
- Zawya
IFS appoints Kriti Sharma as CEO of Nexus Black
Strategic appointments strengthen IFS's leadership in Industrial AI and fast-track the delivery of contextual, agentic solutions for complex industries Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS's commitment to Industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves. Sharma is a globally recognized AI leader with a strong track record in building enterprise AI products and scaling responsible AI initiatives. She joins IFS from Thomson Reuters, where she served as Chief Product Officer for LegalTech, leading major AI transformations. She previously held senior AI roles at Sage Group and GfK, and is a non-executive board member of Rightmove PLC. Her work has been recognized by Forbes 30 Under 30, the UK Prime Minister's Points of Light award, and the United Nations, where she was named a Young Leader for her contributions to ethical and inclusive AI. As CEO of Nexus Black, IFS's AI innovation accelerator launched earlier this year, Sharma will lead the design and delivery of domain-specific, agentic AI for industries such as manufacturing, energy, aerospace, and construction. She will work closely with customers to deliver practical, scalable applications that solve complex, high-value, industry-specific challenges. Kriti Sharma, CEO of IFS Nexus Black, said: 'GenAI was just the starting line. The real opportunity lies beyond generic tools. The revolution happens with contextual, agentic AI that solves deeply complex, industry-specific problems. From predicting critical asset failures to optimizing global supply chains, with Nexus Black we're not just building AI – we're building intelligence that works in the real world.' Joining Sharma is Nick Vandivere, appointed Chief Innovation Officer, Nexus Black. Vandivere also joins from Thomson Reuters and will lead the expansion of IFS's Industrial AI pipeline. He will focus on frontier use cases and strategic technology investments, working closely with Sharma to accelerate agentic AI delivery across the IFS Cloud platform. Mark Moffat, CEO of IFS, said: 'This is a critical moment in our AI journey. We're not just exploring what's possible, we're building what's needed. With Kriti at the helm of Nexus Black and an exceptional team of leaders driving innovation across our business, IFS is uniquely positioned to deliver Industrial AI that is contextual, agentic, and deeply relevant to the industries we serve.' These appointments reflect IFS's continued investment in delivering intelligent automation, real-time decision-making, and AI agents purpose-built to solve the challenges of industries that maintain critical infrastructure and services. -Ends- About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit to learn why. IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe Director of Corporate & Executive Communications NORTH AMERICA / LATAM: Mairi Morgan Director of Corporate & Executive Communications
Channel Post MEA
11-07-2025
- Business
- Channel Post MEA
IFS Appoints Kriti Sharma As CEO Of Nexus Black
IFS has announced the appointment of Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS's commitment to Industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves. Sharma is a globally recognized AI leader with a strong track record in building enterprise AI products and scaling responsible AI initiatives. She joins IFS from Thomson Reuters, where she served as Chief Product Officer for LegalTech, leading major AI transformations. She previously held senior AI roles at Sage Group and GfK, and is a non-executive board member of Rightmove PLC. Her work has been recognized by Forbes 30 Under 30, the UK Prime Minister's Points of Light award, and the United Nations, where she was named a Young Leader for her contributions to ethical and inclusive AI. As CEO of Nexus Black, IFS's AI innovation accelerator launched earlier this year, Sharma will lead the design and delivery of domain-specific, agentic AI for industries such as manufacturing, energy, aerospace, and construction. She will work closely with customers to deliver practical, scalable applications that solve complex, high-value, industry-specific challenges. Kriti Sharma, CEO of IFS Nexus Black, said: 'GenAI was just the starting line. The real opportunity lies beyond generic tools. The revolution happens with contextual, agentic AI that solves deeply complex, industry-specific problems. From predicting critical asset failures to optimizing global supply chains, with Nexus Black we're not just building AI – we're building intelligence that works in the real world.' Joining Sharma is Nick Vandivere , appointed Chief Innovation Officer, Nexus Black. Vandivere also joins from Thomson Reuters and will lead the expansion of IFS's Industrial AI pipeline. He will focus on frontier use cases and strategic technology investments, working closely with Sharma to accelerate agentic AI delivery across the IFS Cloud platform. Mark Moffat , CEO of IFS, said: 'This is a critical moment in our AI journey. We're not just exploring what's possible, we're building what's needed. With Kriti at the helm of Nexus Black and an exceptional team of leaders driving innovation across our business, IFS is uniquely positioned to deliver Industrial AI that is contextual, agentic, and deeply relevant to the industries we serve.' These appointments reflect IFS's continued investment in delivering intelligent automation, real-time decision-making, and AI agents purpose-built to solve the challenges of industries that maintain critical infrastructure and services.
TECHx
29-05-2025
- Business
- TECHx
AI Software IFS Unveils Nexus Black for Industry
Home » Emerging technologies » Artificial Intelligence » IFS Unveils Nexus Black AI Software for Industry IFS, a leading provider of enterprise cloud and AI software, has announced the launch of IFS Nexus Black™ . This new strategic innovation program aims to accelerate high-impact AI adoption across industrial sectors. The company revealed that Nexus Black offers an alternative to legacy software vendors. It delivers tailored solutions with industrial-grade scalability and security. According to IFS, Nexus Black blends advanced AI technologies with deep industrial context. A dedicated delivery team partners directly with customers to address complex challenges in asset-heavy industries. The program is built on the foundation. It enables fast development and deployment of AI capabilities, transforming ideas into real results within weeks. IFS reported that the Nexus Black offering includes: Agile, sprint-based co-creation and prototyping using a scalable, secure development model A four-phase structure: Problem Definition, Proof of Value, Accelerated Development, and Digital Continuity Access to skilled AI engineers, domain experts, and solution architects with deep industrial expertise Nexus Black also focuses on agentic AI and contextual intelligence. The goal is to deliver trusted AI directly into live operations—quickly and securely. Mark Moffat, CEO of IFS, stated that businesses often face a choice between rigid tools and niche AI vendors with limited scalability. 'Nexus Black changes that,' he said. 'It reflects IFS's commitment to rapid, high-impact AI innovation for leading industrial organizations.' Matt Kempson, SVP, Commercial at IFS, added that AI features like co-pilots and embedded agents are now standard. 'What sets IFS apart is how we apply AI – rapidly, with deep industrial context,' he noted. 'Nexus Black lets us engage directly with complex challenges and turn innovation into scalable results.' The company also announced a co-investment model. This allows customers early access to capabilities and input into solution design. Reported initial use cases include predictive maintenance, manufacturing scheduling, AI co-pilots for service and sales, and automation for finance and supply chain. IFS confirmed that Nexus Black engagements are customized and expert-led. Interested organizations are advised to contact their IFS account manager for further discussions.
