Ifs Sri Lanka Software Company
Formerly Ceylon before independence in 1948, the south Asian island nation of Sri Lanka is rather better known for its tea, temples and tourism before its IT. One center of hard-core software programming and creation that has been established is the new developer center serving Swedish-born enterprise applications company IFS (Industrial & Financial Systems). IFS is known for its Field Service Management (FSM) software, which is used to optimize the schedule of remote workers and resources -- the company is also know for its Enterprise Resource Planning (ERP) solutions for asset-intensive industries.
Ifs Sri Lanka Software Company
The company claims to be pretty serious about skills investment at the university level. IFS runs software application development courses at a number of local universities and technical institutes including the Sri Lanka Institute of Information Technology (SLIIT). This effort encompasses and includes lectures, seminars, computer labs training, full coursework programme curriculum development and exams. IFS supplies these services free of charge. The company also offers around 80 scholarships for those that cannot afford to attend university in Colombo.
We celebrate diversity and accept that there are so many different perspectives in this world. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.
By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.
A Software Engineer at IFS designs, develops and maintains software included in IFS Cloud. The work is focused on interpreting and analyzing functional and technical requirements to create fit-for-purpose and enterprise-grade software. Business value, usability, maintainability, security and performance are key aspects of this work.
IFS FactIFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with a commitment to delivering value to every one of our customers, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 4,000 employees and growing ecosystem of partners support more than 10,000 customers around the world challenge the status quo and realize their competitive advantage. Learn more about how our enterprise software solutions can help your business today at ifs.com.
APIs are at the core our architecture: instead of one monolithic block of code, our product is built from thousands of small software components joined together by APIs. This means changes can be made without disrupting the whole. Our long-time commitment to this is why we joined the Open API initiative.
Why would IFS be so focused on Sri Lanka? Because the company is the second largest technology employer in the country and has been in operation in the capital city Colombo for 25 years this year in 2023.
IFS is a company that develops and delivers enterprise software with an industry-specific, user-friendly platform. It allows businesses to keep track of assets and manage services across their entire environment.
IFS is a multinational enterprise software company headquartered in Linköping, Sweden that has been doing business in Sri Lanka for the past 25 years. The company develops and delivers enterprise software to customers worldwide, who are engaged in manufacturing and distributing goods, maintaining assets, and managing service-focused operations.
The 2022 results mark the fifth consecutive year IFS has secured strong double-digit revenue growth, demonstrating unparalleled robustness in its strategy and ability to execute globally. Throughout 2022, cloud and digital technology remained high on company agendas and IFS customers sought to build operational agility and leverage innovation to build a competitive advantage.
Historically, the way the customers would have needed the applications was to deploy the software and they would use it for a few years. Over those years, the application will become less and less relevant as the business changes and new technology becomes available.
How difficult has the process of attracting and retaining talent been here?Thomas: Our operation in Sri Lanka has a strong employer brand and a very low employee turnover, so people are staying with the company. This is an important indicator that people are enjoying working for IFS, which makes operations more productive and efficient. Turnover is a figure we are looking at and comparing with different countries. I get offered to buy a lot of offshore services from other countries, but if you look at the turnover in developers in such operations, it can be up to 50 percent. For me, this would obviously make it impossible to run an efficient product development operation.
We also have an active programme with different universities where we bring in students for a six-month period to the company and provide firsthand practical experience. We do around 40 such internships every year. The work they do and the exposure they get during this programme are designed to stimulate their creative, analytical and innovative thinking. Taking this a step further, we are also now looking at having cross-disciplinary student teams from different faculties work together on internship projects. During the last five years, we have seen a change in the entrepreneurial mindset. We see more and more student startups and innovations taking place. This innovative mindset, where they are willing to take risks, is encouraging. Sri Lanka as a society has been such where people prefer to be comfortable, but that has been changing over the recent years, and we would like to drive it forward together with the universities.
Are people eager or reluctant to set up operations in Sri Lanka?Thomas: I see an increase in interest in Sri Lanka as a country and as a place to develop software. We are contacted on a regular basis by other companies who are interested in hearing more about our experiences. And if you look at international rankings, Sri Lanka is quite high up when it comes to software development. When we do customer presentations around the world, we always tell the IFS story about Sri Lanka. It sets us apart and people are interested in learning more about Sri Lanka.
Finally, what do you see as key success factors in the IT industry in Sri Lanka going ahead?Thomas: Sri Lanka has done many things right in the IT industry. Having been here many times over the years, I have seen that development. I think we as a company has also contributed to the overall development of the IT industry in Sri Lanka. I believe the more IT companies you have here, the more beneficial it is for all of us. I think our partnerships with the universities over the past 20 years have also helped us in securing the right kind of education and people.
IFS AB also known as Industrial and Financial Systems was born in 1983 in Sweden. The company specializes in developing and delivering enterprise software. IFS AB focuses on project-centric industries where it uses a single code base and develops ERP. Some of the sectors where IFS AB delivers such products are aerospace, manufacturing, automotive, oil, and gas, etc. With 4,000 employees, the company offers its products and solutions on a global scale to more than 10,000 customers. IFS AB is one of the most recommended suppliers in its sector and is currently led by Darren Roos (CEO of IFS AB).
Since its foundation, IFS AB has made a big impact both in terms of business and uplifting the lives of socio-economically backward people. In terms of its innovative products and solutions, the company became the winner of the European Digital Technology Award among 150,000 companies. It has also won the 2019 European Business Award. Last year, Darren Roos won the Best CEO of the Year award for leading the company to such great heights. IFS AB believes in serving people who are in need of better living conditions and proper education. So, the company founded the IFS Foundation that is currently focusing on helping poor people of rural Sri Lanka.
After founding the company in 1983, the company launched its first product in 1985. The name of the software product was IFS Maintenance which after five years was included in an entire product suite called IFS Applications. Being a European company, the company gradually expanded into the Scandinavian region. It opened offices in Norway, Denmark, and Finland. After the New Year, it also opened an office in Poland. In the early 1990s, IFS AB expanded to Asia and North America. In 1996, IFS got listed on the Swedish Stock Exchange. Eventually, the company opened up an R&D center in Colombo.
In less than ten years of its releasing the first graphical user interface, it gathered 500,000 active users. In 2008, the company again launched a new GUI and started acquiring companies from various fields. IFS AB was acquired by a private equity firm in 2015. To date, the main product of IFS is IFS Applications which is an integrated suite of enterprise applications for businesses. It includes software for asset and service management, project management, manufacturing, and supply chain.
In 2015, IFS recorded more than 1 million users of its GUI. The company has expanded to many international grounds and its operational focus has been divided into four groups. The first two groups focus on European markets, and the other two groups are in charge of management in the America and Asia Pacific region. The company has made a series of acquisitions in various countries from the US to the UK in the past 1.5 decades. In 2009, the company acquired MultiPlus Solutions followed by 360 Scheduling, a UK-based scheduling engine in 2010. In 2017, it acquired three companies namely Field Service Management Limited, WorkWave LLC, and systems Limited. This year, to date, IFS acquired two US-based businesses which are Axios Systems and Customerville. 041b061a72