IFS` UAE office has signed an agreement with a telecommunications provider in the Middle East. The value of the initial contract exceeds US$2.4 million, including licence fees of more than US$1 million. The consulting services on this project will be provided in the main by IFS South Africa.
The contract includes consulting services and licences related to IFS Applications components for financials, logistics and projects, and also includes an industry extension for retail point of sale. Delivery has commenced, and most of the project is expected to be implemented during 2006.
IFS prioritises the telecom and utilities segment and has more than 140 customers involved in the industry. IFS Applications supports planning and forecasting, improves efficiency and control in day-to-day operations and integrates project, asset and facilities management with contract management, workforce management, supply chain management and business intelligence.
Customers include telecom operators, network construction and maintenance providers and utilities such as Netcom (Norway), Chunghwa Telecom (Taiwan), Telsul (Brazil), PTK Centertel (Poland), Eltel Networks (Sweden) and MTN (Nigeria), the world`s largest hydropower plant, Three Gorges (P. R. China), nuclear power station s OKG (Sweden) and Qinshan (P. R. China), grid operators such as Svenska Kraftn"at (Sweden), Statnett (Norway), Federal Grid Company of Russia, TenneT (The Netherlands), and distributors such as Siemens Energy Services (New Zealand), Fortum (Sweden), and Hafslund Energi (Norway).
Asset and workforce management are critical processes in the telecom and utility industry, to which IFS has provided solutions for the past 18 years. Industry analysts such as Gartner, AMR Research and ARC rank the asset and workforce management functionality in IFS Applications among the best in the market.
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IFS (XSSE: IFS) is one of the world`s leading providers of component-based business software developed using open standards. IFS` industry-focused solutions are optimised for ERP, enterprise asset management, and MRO. IFS Applications offers companies an integrated lifecycle approach to managing customers, products, assets and services, enabling them to employ lean enterprise concepts, control costs, manage projects, increase efficiencies in their supply chain, and measure their performance.
As a leader in component-based software, IFS delivers tangible business benefits for companies in the aerospace and defence, automotive, construction and facility management, hi-tech, industrial manufacturing, process, and utilities and telecom industries. Working in close collaboration with partners, IFS is driving the market to embrace standards and co-existence that offers customers faster payback, reduced risk and freedom of choice. www.ifsworld.com
IFS interests in sub-Saharan Africa are represented by the IFS Group in South Africa. With revenues in excess of R60 million and a staff complement of 90, the group is one of the largest application vendors operating in the region.
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