IFS number one provider of EAM software for the oil & gas industry for five consecutive years

IFS identified by ARC Advisory Group as industry leader in terms of market share for the fifth year running

IFS, the global enterprise applications company, has been identified as the number one vendor in market share in enterprise asset management (EAM) software for oil & gas (O&G) industries by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.

In its publication “Enterprise Asset Management Global Market Research Study,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry. The report, which forecasts the market through 2020, identifies one of IFS’s strengths as its established component and service-oriented architecture, which enables customers to purchase an EAM solution that fits their unique and specific asset lifecycle management needs.

“The oil and gas industry operates in an environment in which asset integrity management is crucial,” Ralph Rio, Research Director for Enterprise Software, ARC Advisory Group said. “The commodity pricing of the petroleum sector creates extreme pressure to control cost while preventing catastrophic failures across asset classes including offshore oil rigs and pipelines.”

IFS director for the oil and gas industry Knut Møystad added, “The leading position IFS commands in the oil and gas market has been confirmed once again in this latest study by ARC. For more than 20 years, we have worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and mobile asset owners to ensure our solutions meet the industry’s stringent requirements. Our focus on the oil and gas industry is evidenced both by a deep industry expertise and a solid track record. Dedication to the industry has also attracted a numerous of partner organisations to the IFS network, which we believe is beneficial for our customers. ”

IFS customers in the oil and gas industry include Interwell, Bibby Offshore, Technip, Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Agility Group, Babcock Marine, Heerema Fabrication Group, Archer, Apply Sørco, MIR VALVE, Hertel Group, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS, Wellstream, Hamworthy, ShawCor, Icon Engineering, Songa Offshore, Mermaid Marine and Trans-Northern Pipelines Inc.

For more information on ARC’s findings, visit here to see an overview of the report.

To learn how IFS supports customers in the oil and gas sector, please visit: www.ifsworld.com/en/industries/oilfield-service-software/

Lyndsey Rojas, Analyst Relations. Telephone: 1 888 437 4968, press@ifsworld.com

Anders Lundin, Corporate Communications. Telephone: 46 8 58 78 45 00, press@ifsworld.com

About IFS

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). IFS brings customers in targeted sectors closer to their business, helps them be more agile and prepare for what's next in their industry. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,800 employees. IFS supports 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/