Corporate Profile for IFS Industrial & Financial Systems Inc., dated Sept. 24, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 24, 1999
Company Name: IFS Industrial & Financial Systems Inc.
Address: 1010 N. Finance Center Dr.
Tucson, AZ 85710
Main Telephone
Number: 520/512-2000
Internet Home
Page Address
(URL) www.ifsab.com
Chief Executive
Officer: Bengt Nilsson
Chief Financial
Officer: Sverker Lundberg
Public Relations
Contact: Debra A. Deininger
Business number: 520/512-2521
E-mail address: ddeining@ifsna.com
Industry: Software
Trading Symbol/
Exchange: IFS on Stockholm Stock Exchange
Company Description: IFS develops and supplies IFS Applications (TM), which is a complete Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) system for business processes in medium-to-large-sized companies. It covers manufacturing, distribution, finance, maintenance management, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , engineering, and front office. IFS' business concept is to increase the freedom of action and competitiveness of companies by providing standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. business systems based on leading technologies. IFS Applications is one of the first business systems developed entirely using a component-based architecture. This comprehensive, web-enabled solution ties front and back offices together, creating a true backbone backbone: see spinal column. The part of a network that handles the major traffic. It employs the highest-speed transmission paths in the network and may also run the longest distances. for e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. . IFS is the world's fastest-growing international ERP vendor. Its products are sold in 34 countries, and it has more than 1,600 major customers. IFS has 2,500 employees. IFS increased annual sales by 96% during 1998 to $155M, representing the largest growth in the industry, which grew by 43% during 1998. IFS earnings after net financial items improved on the year by $6.2M to $1.3M, compared to a loss of $4.9M for 1997. |
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