Latest news with #TheLoops
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.
Tahawul Tech
02-07-2025
- Business
- Tahawul Tech
IFS aims to launch an industrial AI workforce via new acquisition
IFS, the leading provider of enterprise cloud and Industrial AI software, recently announced the acquisition of TheLoops, a cutting-edge innovator in autonomous AI agent technology. By applying TheLoops agentic capabilities in the industrial setting, IFS becomes the first vendor to offer an AI Agentic platform built specifically for the mission-critical assets and processes industries rely on. IFS's acquisition of TheLoops marks a shift from enterprise software that tracks work to software that does the work. It's the first enterprise-grade AI agent platform designed to deliver resilience, productivity, and measurable ROI – not as a co-pilot, but as a co-worker – while keeping security and governance in check from day one. Mark Moffat, Chief Executive Officer, IFS, commented: 'The opportunity AI presents to mission-critical industries is immense, but needs to be structured around real value capture. The agentic capabilities that TheLoops provides our customers will enable them to transform their processes, operational efficiency and how they differentiate in the Moments of Service they provide their customers'. He continued: 'Our customers can leverage intelligent digital teammates who understand their business from day one, agents that speak their industrial language, follow their rules, and operate securely in their workflows. With TheLoops, we're providing a platform that makes Industrial AI agentic, actionable, and available – at scale. This is IFS extending its lead in Industrial AI'. TheLoops acquisition turbocharges the IFS solution, delivering a multi-agent environment where autonomous AI agents are not only composable and governed but also semantically aware of their operating environment. By embedding these AI agents across its industrial suite, IFS is creating a digital workforce purpose-built for regulated, asset-intensive sectors. Combining TheLoops AI agent platform with the IFS industry knowledge creates agents that: Understand the semantics of an industry and business; Participate in real enterprise workflows side-by-side with humans; Adhere to customer-defined security, data access, and compliance standards; Collaborate with specialized agents across integrated domains. The result is a new era of automation, where intelligent agents continuously search, reason, and act to streamline operations, increase capacity, and free up skilled workers for higher-value tasks. It goes beyond traditional AI's pattern recognition and prediction to enable truly autonomous decision-making and execution. Somya Kapoor, CEO, TheLoops, said: 'At TheLoops, our mission has always been to deliver AI that drives action, not just insight. By joining forces with IFS, we're taking that vision to a whole new level. Together, we're delivering AI autonomous agents that understand the real-world complexity of industrial environments – what work needs to be done, how to do it, and how to do it securely, ethically, and at scale. This isn't experimental; it's transformational. I'm incredibly excited to bring this innovation to customers around the world'. Aly Pinder, Research Vice President, Aftermarket Services Strategies, IDC: 'AI is disrupting our world, but nowhere is the potential impact more pronounced than in the Industrial setting. IFS's acquisition of TheLoops is addressing a huge opportunity for asset intensive and service obsessed industries, where agentic decision making will enable organisations to rethink their digital workforce, so they can improve the way they serve their own customers. IFS is well-positioned to lead this shift in each of the industries it serves – bringing intelligent automation that's not just smart, but situationally aware and operationally impactful'. Image Credit: IFS & TheLoops
