IFS is a global software company founded in 1983 in Sweden that develops and sells IFS Applications, an enterprise resource planning software suite. IFS Applications is used by over 2,000 customers across various industries for functions like asset management, project management, manufacturing, and supply chain management. The software is component-based and can be customized to meet industry-specific and customer needs. IFS has over 2,700 employees worldwide and annual revenues of over $350 million.