I agree that it is NOT acceptable (and the kit logo looks hideous, ffs), but IFS (formerly known as Indurstial and Financial Systems) is not some random AI firm, it is a 43 year old company, is industrial AI enterprise software-oriented (it is one of the biggest industrial AI independent firms on the planet, (ie not tied to one of the big 7 tech firms: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla), and is, since 2015, majority owned by the 2nd biggest atm private equity company on the planet, EQT.
EQT (majority owned by Investor AB, ie the Swedish ultra powerful and famous Wallenberg family) is headquarted here in Stockholm, and and trails only KKR (Kohlberg Kravis Roberts) in the US as to who is the biggest private equity firm globally in terms of funds raised the last 5 years:
Top 5 Private Equity Firms by Global Capital Raised the past 5 years:
KKR (KKR & Co. Inc.)
EQT AB
Blackstone
Thoma Bravo
Carlyle Group
also,
Hg (a huge London-based private-equity group, formerly known as Mercury, with the 10th biggest PE holdings on the planet) also holds a minority stake of IFS.
IFS (again, originally Industrial and Financial Systems) is a Swedish enterprise software company headquartered in Linköping. The company develops cloud-based business software focused on asset- and service-intensive industries, including enterprise resource planning (ERP), enterprise asset management (EAM), and field service management (FSM).
History
Founding and early years
IFS was founded in 1983 in Sweden and launched its first software product IFS Maintenance in 1985. Five years later the complete product suite known as IFS Applications was launched. In the next several years saw IFS expanding its presence in the Scandinavian region with the establishment of offices in Norway, Finland, Denmark and then expanding outside Scandinavia into Poland. 1993, saw IFS introduced its first graphical user interface and expanded to Malaysia. In 1995, it expanded to North America.
