In August, IFS Industrial & Financial Systems, a business applications vendor with main headquarters in Linkoping, Sweden, reported results for Q2 2000. License sales rose by 85% during the first half of 2000, with a total revenue increase of 94% during the second quarter. However, IFS reported yet another loss.
- a flexible and technologically superior componentized product, a comprehensive e-commerce strategy, deep vertical functionality, reputable customer service and support, and prudent acquisitions and/or alliance moves in the past. Those moves include last year's acquisition of Effective Management Systems (EMS), a supplier of both ERP and MES systems. IFS has also acquired a number of US-based system integrating firms that are now providing both sales and implementation support for the IFS Applications