IFS attracts EUR 15 billion valuation as demand for Industrial AI soars | CXO Insight Middle East

IFS attracts 15 billion euro valuation

IFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has achieved a valuation of over EUR 15 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of the Abu Dhabi Investment Au…

IFS attracts EUR 15 billion valuation as demand for Industrial AI soars | CXO Insight Middle East

IFS announces it has achieved a valuation of over EUR 15 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of theAbu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”).…

IFS attracts €15 billion valuation as demand for industrial AI soars

Dubai —  IFS, a leading provider of cloud enterprise software and Industrial AI applications, has achieved a valuation of over …

The Swedish publisher of ERP IFS solutions announces that its valuation exceeds €15 billion as a result of the increased engagement of its investors. The UK investment fund Hg has increased its shareholding to become a co-control shareholder alongside EQT Group. New minority investors are joining TA Associates, including a subsidiary [...] The post IFS reaches a value of €15 billion driven by the strong demand for industrial IA appeared first on…