IFS Attracts EUR 15 billion Valuation as Demand for Industrial AI Soars
- Editor
- 6 days ago
- 2 min read
Whats Happening:
IFS, a cloud enterprise software and Industrial AI applications provider, has achieved a valuation of over EUR 15 billion. This comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates remaining as a minority shareholder. New minority shareholders include a subsidiary of ADIA and CPP Investments. The transaction follows IFS's strong growth, delivering over EUR 1 billion in ARR last year.
Key Moves:
IFS achieves over EUR 15 billion valuation following AI-driven growth
Hg increases stake to become co-control shareholder alongside EQT
New minority shareholders include ADIA subsidiary and CPP Investments
By The Numbers:
IFS delivered over EUR 1 billion in ARR last year
Total revenue for 2024 was over EUR 1.2 billion
Average deal size of IFS's largest customers increased by 64% year-on-year
Key Quotes:
"IFS's success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers," said Mark Moffat, CEO of IFS.
"It's a prime example of EQT's ability to 'run with the winners', where we partner with management teams over the long-term to scale regional players into global champions," added Johannes Reichel, Partner at EQT.
"Since our initial partnership in 2022 alongside EQT, Mark and the team have not only delivered impressive and consistent growth but have emerged as a global leader in Industrial AI," stated Jonathan Wulkan, Partner at Hg.
Bottom Line:
IFS's EUR 15 billion valuation underscores the growing demand for industrial AI applications and cloud enterprise software. The fund's success in delivering over EUR 1 billion in ARR and attracting major investors highlights its strong market position and potential for continued growth in the rapidly evolving industrial software sector.
Comments