IFS builds IFS Cloud, an enterprise suite covering ERP, EAM, FSM, SCM, and project/service management for manufacturers and asset‑intensive organizations. Its business model centers on software subscriptions and services for cloud and hybrid deployments, plus industry-specific modules and consulting. Founded in 1983 and headquartered in Linköping, Sweden, the company is privately held under EQT ownership and operates globally across industrial and service-focused markets.