Space company GomSpace selects IFS Applications 9 to support rapid growth

ERP solution from IFS provides GomSpace with a cross-disciplinary business engine to manage and optimize key projects and processes

IFS , the global enterprise applications company, announces that the fast-growing space company GomSpace has selected IFS Applications™ 9 to realize its ambitious growth targets. IT consultancy Curit, part of the IFS Partner Network , is responsible for selling and implementing the solution.

GomSpace is a world-leader in the development and production of nanosatellites. In the past few years the company has obtained a significant role in the commercialization of nanosatellites worldwide. NASA and ESA are, among others, on GomSpace’s list of customers. Following the listing in 2016 on the Nasdaq First North Premier exchange under the ticker GOMX, and the resulting capital injection, the company is now prepared for even faster growth.

“Our sales in nanosatellites has increased by 73 per cent during the last quarter, and business processes are becoming increasingly complex,” Niels Buus, CEO of GomSpace, said. “Therefore, we need a cross-disciplinary business solution to provide us with an overview of all processes in any project at any time. The user-friendliness of IFS Applications 9 and IFS Lobby enables us to effectively manage time, resources, materials, and costs. In addition, the solution meets the high demands of our industry in terms of production, security, and compliance.”

The rapid scalability of the solution and IFS’s deep industry experience were the decisive factors for choosing IFS and its business partner Curit. The IFS solution will support mission-critical processes such as product development, project-based production, supply chain management, HR, and finance.

Niels Buus added, “IFS Applications 9 is a flexible solution that quickly scales to changing business needs without requiring adaptations. In addition, IFS and Curit have a long and successful track record in aerospace and defense as well as in manufacturing. They were able to guarantee us a first-phase implementation in just four months, and they kept their promise.”

Glenn Arnesen, CEO of IFS in Scandinavia, said, “We are very pleased that GomSpace has chosen IFS Applications 9. Leveraging the combined experience of IFS and Curit, we deliver a highly effective ERP solution that is tailored to support complex, project-based manufacturing processes. GomSpace is an excellent example of how we support companies with the features they need to streamline their organization and processes, document and verify compliance, and ensure rapid growth.”

For more information on IFS’s high-tech manufacturing solutions, please visit: www.ifsworld.com/corp/industries/high-tech-manufacturing/ .

Anders Lundin , PR Manager for IFS Strategic Marketing and Communications. Telephone: 46 8 58 78 45 00, press@ifsworld.com

About GS Sweden AB

The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com .

About IFS

IFS™ develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,300 employees supports more than one million users worldwide from a network of local offices and through our growing ecosystem of partners. For more information, visit: IFSworld.com

Follow us on Twitter:  @ifsworld

Visit the IFS Blog on technology, innovation and creativity:  http://blog.ifsworld.com/

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About Us

IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). Founded in 1983, IFS brings customers in targeted sectors closer to their business, and helps them be more agile and prepare for what's next in their industry. IFS’s 2,800 employees support more than 1 million users worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: IFSworld.com Follow us on Twitter: @ifsworld Visit the IFS Blog on technology, innovation and creativity: http://blog.ifsworld.com/

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