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IFS launches IFS Applications 7 to power the agile enterprise

April 5, 2006 - IFS, the global enterprise applications company, today announced the launch of IFS Applications 7 to address the growing need for agility in today's increasingly complex business environment.

IFS Applications 7 enables enterprise agility so that organizations can take advantage of rapidly changing international market conditions. The new release gives enterprises a service-oriented architecture (SOA) with reusable business components designed for improved user productivity, faster implementation, lower total cost of ownership (TCO), and easier upgrades. Unlike traditional monolithic enterprise software, IFS Applications 7 meets today's business needs.

"Software components were the fundamental building blocks in the first generation of IFS Applications back in 1998," said IFS CEO Alastair Sorbie. "Now we are bringing to market the seventh generation of our component-based applications while our competitors are still on their first. The popularity of SOA means our competitors' development dollars have to be used to break up their monolithic applications while their customers wait for promises to be delivered. At IFS, we can concentrate on industry-specific business functionality that gives our customers a true competitive edge in today's increasingly global market."

IFS Applications 7 enables the efficient management and utilization of assets and resources across the globe, and the transformation of traditional manufacturing enterprises toward outsourcing and project-based business models with increasingly short product lifecycles.

New supply chain management and project enterprise features mean customers can meet complex global regulatory requirements, improve forecasting, and take advantage of multisite planning and mixed-mode manufacturing. IFS Applications 7 also includes improved functionality for call centers, resource allocation and planning, field service, project management, and sales contract management, which enables more efficient service processes both for independent service providers and for companies providing advanced after-sales service.

"IFS Applications 7 is the product of over 600,000 hours of development, much of it done in collaboration with customers," said IFS CTO Dan Johansson. "One of our major focuses has been to produce applications that are not only rich in business functionality but also have user interfaces that enhance employee productivity."

IFS Applications 7 is available for order from today and will begin shipping to customers in mid-April.

About brij®
Established in 1986 in Greensboro, North Carolina, brij offers a unique combination of business process solutions designed to help customers connect their operations, customers, and suppliers with seamless, automated business processes. These solutions include integrated and modular enterprise software, web services-based solutions, composite application development, business process management, e-commerce, analytics and customer relationship management,. brij sells and implements solutions from partners, including IFS, Oracle, Cordys, and QlikTech. brij, a member of the PLAN (www.worktheplan.net), is the master distributor for IFS Applications in a sixteen-state area in the mid-Atlantic and southeastern United States. For more information, visit www.brij.net."

About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises and organizations. IFS Applications, which can be implemented step by step, is based on web and portal technology. The solution offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance and human resource administration. IFS offers customers an easier, more open alternative."

IFS is a leading global business applications supplier with sales in 45 countries and more than 350,000 users worldwide. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).