FREMONT, CA, Apr 22, 2024 – ASUS announced a new addition to the ASUS Chromebook family – the 14-inch ASUS Chromebook CM14 (CM1402C). Featuring the highly efficient MediaTek Kompanio 520 processor and an all-day battery life, this dynamic laptop is primed to boost productivity and fuel entertainment.

Style and flexibility, elevated

ASUS Chromebook CM14 (CM1402C) embodies pure style, packaging a trendy look and feel in an attractive new Gravity Gray colorway. This creates a refined aesthetic and elegance that will fit any environment, be it for study, work, or relaxation. The laptop is also extremely versatile – featuring a 180˚ lay-flat hinge that makes it easy to share visuals and ideas when working with friends, colleagues, or clients.

Everyday hygiene is also a high priority for the CM14, with the keyboard, touchpad, and palm rest areas all protected by ASUS Antimicrobial Guard^[i] . This factory-applied treatment is scientifically proven to inhibit bacterial growth by up to 99% over a 24-hour period, keeping the laptop cleaner and safer to promote overall wellbeing for the user. The keyboard is also spill-resistant^[ii] and can cope with up to 405 cc of water without harm. In other words, minor spillages can be easily drained, cleaned, and dried.

Remote experiences, leveled up

ASUS Chromebook CM14 (CM1402C) has been engineered for the expanding world of hybrid work and study and is therefore equipped with lots of features to help users communicate and stay safe beyond traditional work and learning environments. For example, Face Auto Exposure, or Face AE – a newly-integrated technology that provides fresh, uplifting experiences when taking pictures or video conferencing with the CM14’s integrated webcam – tracks the user’s face and adjusts the light according to the brightness of the environment to ensure clearer, sharper images. An integrated physical privacy shutter is also included, allowing users to cover the webcam for peace of mind.

Everyday productivity, boosted

Powered by the latest MediaTek Kompanio 520 processor, ASUS Chromebook CM14 (CM1402C) delivers excellent performance for responsive experiences with favorite apps, from productivity tools to entertainment. Combined with the full capabilities of Google Workspace and other productivity apps found on Google Play, the laptop offers access to everything needed to get stuff done in the modern world.

Additionally, an energy-efficient design means that the CM14 has the stamina to empower on-the-go productivity up to 15 hours on a single charge^[iii] – enough for a full workday and beyond. It’s also primed for connection perfection, with integrated dual-band WiFi 6 to ensure stable signals and superfast speeds that will load online content in the blink of an eye. This desirable connectivity capability is further boosted by exclusive ASUS technologies, including the ASUS WiFi Master for ChromeOS^[iv] , to ensure greater speed, stability, and range.

The best of ChromeOS

ASUS Chromebook CM14 (CM1402C) benefits from out-of-the-box access to Google Play, complete with its rich library of apps, games, music, movies, TV, books, and more. The laptop also enables uninterrupted automatic updates ^[v] and benefits from built-in virus protection, seamlessly keeping users safe, secure, and always up to date.

Each purchase of a CM14 carries an offer to redeem a 12-month Google One^[vi] subscription. The membership includes 100 GB of cloud storage to use across Google Drive, Gmail, Google Photos, and many other benefits – all in one shareable family plan.

Military-grade strength

With structural reinforcements to boost chassis strength, ASUS Chromebook CM14 (CM1402C) is solidly built to provide durability – meeting the rigorous MIL-STD 810H US military standard^[vii] . Additionally, the laptop undergoes stringent in-house testing by ASUS – including panel-pressure, shock and drop tests –to ensure maximal toughness, so there’s no need to worry about everyday knocks and bumps. Sustainability is also embraced, with the inclusion of multiple recycled materials to create a product that is more eco-conscious overall.

Availability & Pricing

ASUS Chromebook CM14 (CM1402C) is now available starting MSRP $299.00 on the ASUS Store  and  Best Buy. Please contact your local ASUS representative for further information.

Specifications^[Viii]

About ASUS

ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, ASUS is world-renowned for continuously reimagining today’s technologies for tomorrow, garners more than 11 awards every day for quality, innovation, and design, and is ranked among Fortune’s World’s Most Admired Companies.

^{[i] The antimicrobial treatment is tested by an independent third-party laboratory according to the ISO 22196 standard (measurement of antimicrobial activity on plastics and other non-porous surfaces), using bacterial cultures that include Escherichia coli and Staphylococcus aureus, with antimicrobial activity (R) result of R > 2. R = 2 indicates a 99% reduction in bacterial activity compared to an untreated surface. The antimicrobial treatment is registered by the U.S. EPA and authorized under EU BPR.} 

^{[ii] The ASUS Chromebook CM14 series keyboard is spill-resistant, not waterproof. Water damage is possible if the product is submerged or exposed to large amounts of liquids for long periods of time. ASUS standard limited warranty does not cover problems resulting from accidents such as water damage. To prevent water damage resulting from large spills or other accidents, ASUS recommends turning off the notebook, then tilting the laptop to drain away the excess liquid, wipe it off and let it dry for at least 24 hours.} 

^{[iii] Based on Chromium OS power Load Test. Battery performance is based on a mix of standby, web browsing and other use. Charging time requires the battery to be at least 5% charged, with the device inactive and using the included charger. Actual battery life depends on usage, specifications, applications, and environment, among other factors.} 

^{[iv] ASUS Chromebook CM14 series is certified with ASUS WiFi Master for ChromeOS. Devices certified with ASUS WiFi Master for ChromeOS feature WiFi 6 and offer enhanced WiFi stability when USB 3.2 Gen 2 interference is present, allowing users to stream smoothly when they are up to 225 meters away or more from a router.} 

^{[v] Auto-updates and auto-backup require an internet connection. Chromebook software updates generally arrive every 4-6 weeks but are occasionally delayed to ensure optimal user experience upon rollout.} 

^{[vi] Google One availability varies according to country. Please check with your local ASUS retailer for details.} 

^{[vii] The testing regime includes the requirements of military-grade standards and varies depending on device. MIL-STD-810 testing is conducted on selected ASUS products only. Note that the MIL-STD-810 testing helps to ensure the quality of ASUS products but does not indicate a particular fitness for military use. The test is performed under laboratory conditions. Any damage caused by attempts to replicate these test conditions would be considered accidental and would not be covered by the standard ASUS warranty. Additional coverage is available with ASUS Premium Care.} 

^{[viii] Specifications, content, and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment, and other factors. Full specifications are available at http://www.asus.com.}

^{Greg Bentley to Transit to Executive Chair, COO Nicholas Cumins to be Promoted to CEO July 1, 2024}

LONDON, UK, Mar 22, 2024 – Bentley Systems, Inc., the infrastructure engineering software company, announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to executive chair of its Board of Directors. Nicholas Cumins, currently COO, will then be promoted to CEO, and be proposed to join the Board of Directors.

Greg Bentley

The announcement was made during the opening event for Bentley Systems’ new UK headquarters in the City of London, beginning the observance of the company’s 40^th anniversary.

Nicholas Cumins, CEO designate

Cumins has served as Bentley Systems’ COO since January 2022. He joined Bentley Systems as chief product officer in September 2020 prior to the company’s IPO. Previously he was general manager of SAP Marketing Cloud and served as chief product officer of Scytl, a platform for online voting, and as senior vice president of product with OpenX, a pioneer in programmatic advertising. Before OpenX, he had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development. Cumins is a dual French and US citizen and is based in France. He holds Maîtrise de Droit (Law) and Maîtrise de Sciences de Gestion (Business) degrees from University Paris II Panthéon-Assas, Paris.

Nicholas Cumins

Nicholas Cumins said, “This year marks the 40th anniversary of the founding of Bentley Systems, at its essence a company of engineers for engineers. Remarkably, the company has been founder- and family-led throughout those four decades. Greg has presided over an extraordinary legacy of long-term growth, sustained innovation, and value creation inspired by a commitment to advancing the world’s infrastructure for better quality of life. Greg has had a profound influence on the lives and careers of Bentley colleagues, and, together with them, on infrastructure engineers worldwide, taking pride in their work and what Bentley software enables them to accomplish. His entrepreneurial spirit is deeply embedded in the company’s culture and values. I am honored to have been selected to follow in his footsteps, and I represent the Bentley leadership team when I say we are confident in our readiness and growth mindset for the coming decades.”

Greg Bentley, Executive Chair designate

CEO since 1995, Greg Bentley is the oldest of five brothers who founded Bentley Systems. Keith, Ray, and Barry Bentley retired within the last several years and remain company Directors.

Greg Bentley said, “I am very pleased to be able to retire from CEO responsibilities this year (at age 69) with such confidence that this completion of our extended succession process now leaves Bentley Systems demonstrably able to increase its potential, while safeguarding its established performance. Under Nicholas Cumins as COO since January 2022 (and chief product officer previously) both our ARR growth and operating margins have consistently improved to the highest levels in our just-now 40-year history. And vitally, over the three-plus years since BSY’s IPO and the expected retirement wave that enabled, we fully reinvigorated our executive leadership with a high-functioning cadre that, while 20 years younger, benefits from valuable public-company experience and is already reaching its collaborative stride.

“Most significantly, our Board determined Nicholas to be the ideal CEO for our future by virtue of the continuity he respects and personifies in our ‘family values’ of dedication to the success of our colleagues and thence the success of our users and accounts. Equally, I am personally excited by the resolve and zeal of Nicholas and this next generation of leaders for technical and commercial innovation within our sustained mission.

“I am looking forward to contributing as executive chair, foreseeably. Beyond supporting Nicholas behind the scenes in the functions naturally new to him, I will remain responsible for overall capital allocation, such as potential platform acquisitions. And by choice I will continue to regularly interact with our investment constituencies, with whom I have found particular affinity. Here’s to Bentley Systems’ next 40 years.”

About Bentley Systems

Bentley Systems is the infrastructure engineering software company. They provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Their industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Their offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

For more information, visit www.bentley.com.

^{Nominations deadline is April 15, 2024}

EXTON, PA, Mar 15, 2024 – Bentley Systems, Inc., the infrastructure engineering software company, announced its call for nominations for the 2024 Going Digital Awards in Infrastructure. The awards, which are judged by independent juries of industry experts, recognize infrastructure projects for going digital advancements in infrastructure. The deadline for nominations is April 15, 2024.

Users of Bentley software are invited to enter their projects in the Going Digital Awards in Infrastructure program, no matter which phase the project is in – preconstruction/conceptual, design, construction, or operations. The three finalists chosen for each awards category win a trip to Vancouver to attend The Year in Infrastructure and Going Digital Awards event as guests of Bentley Systems. As part of the conference, the finalists will present their projects before the judges, industry thought leaders, and members of the media.

The 2024 Going Digital Awards in Infrastructure categories include:

• Bridges and Tunnels
• Construction
• Enterprise Engineering
• Facilities, Campuses, and Cities
• Process and Power Generation
• Rail and Transit
• Roads and Highways
• Structural Engineering
• Subsurface Modeling and Analysis
• Surveying and Monitoring
• Transmission and Distribution
• Water and Wastewater

These projects recognize innovative advancements and measurable impacts in infrastructure delivery and performance using Bentley software, including Bentley Infrastructure Cloud and Bentley’s iTwin Platform for infrastructure digital twins. Projects may also be recognized for advancements that empower sustainable development goals in terms of climate action, energy transition and efficiency, circularity of land and water resources, and healthy communities.

In addition to the juried awards, Bentley’s founders will honor select projects representing organizations or individuals whose undertakings contribute notably to infrastructure advancement and/or environmental and social development goals.

Every project nominated for an award receives recognition across the global infrastructure community. Through the 2024 Going Digital Awards in Infrastructure program, participants:

• Get their infrastructure projects profiled in Bentley’s Infrastructure Yearbook, which is distributed in print and digital formats to media, government, and industry influencers around the world.
• Enhance their competitive edge by demonstrating to existing and potential clients the value that the participants add to projects through their digital innovations.
• Receive coverage from global media and support from the Bentley team in marketing and promoting their respective projects to the media.

For additional information about the 2024 Going Digital Awards in Infrastructure program, or to nominate a project, visit the Going Digital Awards in Infrastructure website.

About Bentley Systems

Bentley Systems is the infrastructure engineering software company. They provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Their industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Their offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

For more information, visit www.bentley.com.

WESTMINSTER, CO, Mar 12, 2024 – Trimble announced it has joined AOUSD as part of its continued commitment to fostering ecosystems that align with the company’s vision of transforming the way the world works.

The alliance seeks to standardize the 3D ecosystem by advancing the capabilities of OpenUSD (Universal Scene Description). Created by Pixar Animation Studios, USD is a high-performance extensible software platform for collaboratively constructing animated 3D scenes, designed to meet the needs of large-scale film and visual effects production. By promoting greater interoperability of 3D tools and data, AOUSD will enable designers and engineers to describe, compose, share, and simulate large-scale 3D projects and build an ever-widening range of collaborative 3D-driven products and services.

As a member of AOUSD, Trimble will actively engage in discussions related to OpenUSD’s existing functionality and the development of its new features. This involvement will help shape future specifications and directions of the OpenUSD technology stack, with the goal of defining the core functionality for how virtual 3D worlds will be described and interacted with in the future.

Trimble specifically looks to contribute input to the Alliance’s standards for:

• Digital twins and industrial digitalization applications in urban planning, construction, transportation, robotics and IoT.
• Attributed 3D data for geospatial and building information modeling (BIM) for industries such as architecture, engineering, construction and operations, (AECO) and the public sector.
• Artificial intelligence and machine learning use cases across various industrial applications.
• Point cloud interoperability, visualization and optimization for massive amounts of real-world data capture from laser scans or other reality capture technologies.

“We are thrilled to join AOUSD at this early stage and to support the community’s efforts to standardize OpenUSD,” said Aviad Almagor, vice president, technology innovation at Trimble. “Our goal is to help strengthen the OpenUSD ecosystem and democratize 3D, ensuring that all stakeholders benefit from the groundbreaking potential of sustainable and interoperable data standards.”

“Industries are demanding wider adoption, integration, and standardization of OpenUSD to ensure interoperability and collaboration across multiple applications,” said Guy Martin, AOUSD steering committee vice chair & director of open source and standards at NVIDIA. “Trimble will help shape the standards that will advance 3D content generation and immersive experiences for creatives and professionals.”

About Trimble

Dedicated to the world’s tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work.

For more information about Trimble, visit www.trimble.com.

TAIPEI, Taiwan, Mar 11, 2024 – Aetina, a leading global edge AI solution provider, announces the release of its cutting-edge fanless versatile expansion edge AI systems – the AIE-PN33/43 series and AIE-PO23/33 series. These innovative systems are powered by NVIDIA Jetson Orin NX and Orin Nano modules, offering outstanding AI computing performance of up to 100 TOPS and 40 TOPS respectively, along with flexible I/O interface options. Designed to seamlessly handle the connectivity and real-time data processing needs of various sensors and devices at the edge, these solutions help empower industries worldwide to efficiently deploy an extensive range of AI applications.

Aetina fanless versatile expansion edge AI systems – the AIE-PN33/43 series and AIE-PO23/33 series

According to Statista’s ‘Number of IoT connected devices worldwide 2019-2030’ report, the number of Internet of Things (IoT) devices worldwide is forecasted to exceed 29 billion by 2030. In response to the growing number of IoT devices and the diverse I/O and storage needs of different AI applications, Aetina has unveiled a range of fanless edge AI systems. This lineup includes the AIE-PN33/43-2PSE and AIE-PN33/43-4PSE, boasting 2 or 4 sets of PSE ports respectively; the AIE-PN33/43-6USB and AIE-PO23/33-6USB, each integrating 6 sets of USB ports; and the AIE-PN33/43-3M and AIE-PO23/33-3M, equipped with 3 sets of M.2 M-Key slots. Users can choose the most suitable product model based on their specific AI application requirements, whether it involves addressing wiring challenges in wide-ranging environments like ports or traffic roadside monitoring, fulfilling multi-sensor connectivity needs for smart factory defect detection or automated production lines, or expanding storage capacity for real-time image recognition tasks. These solutions are poised to accelerate the deployment of advanced AI intelligence applications across diverse industries.

General manager of Aetina, Joe Lo, commented, “Aetina is committed to developing industrial-grade solutions tailored to our customers’ needs, leveraging our deep technical expertise and integration capabilities. We continually enable various industries to swiftly implement AI applications at every edge of their business.”

Aetina is an Elite member of the NVIDIA Partner Network and part of the NVIDIA Jetson ecosystem. Aetina will unveil its latest fanless edge AI systems in booth 337 at NVIDIA GTC, a global AI conference taking place March 18-21 at the San Jose Convention Center and online. Additionally, Aetina will demonstrate vision AI solutions, including license plate recognition, revolutionizing efficiency in port and transportation operations. Also, Aetina will showcase how generative AI optimizes edge-based intelligent applications.

To learn more about NVIDIA GTC, visit https://www.nvidia.com/gtc/.

TROY, MI, Mar 6, 2024 – Altair, a global leader in computational intelligence, announced that Relational FS, a distinguished data intelligence solutions provider, has joined Altair’s growing channel partner network. The partnership will extend the reach of Altair’s cutting-edge data analytics and AI portfolio in the Greek market.

“In today’s data-centric landscape, partnering with Relational is a strategic imperative to elevate our data analytics and AI capabilities. This partnership is a commitment to empowering organizations with cutting-edge solutions that go beyond traditional offerings,” said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. “Together, Altair and Relational are poised to usher in a transformative era of data-driven decision-making, unlocking unprecedented value from data assets and propelling organizations into the future of intelligent insight.”

“We are delighted to announce our strategic partnership with Altair, a renowned global technology company,” said Nikos Tsantanis, director of innovation, Relational. “By combining Relational’s data management expertise with Altair’s leading-edge analytics and AI solutions, we’re creating an unmatched offering for our customers. This partnership is about more than just technology; it’s about delivering unparalleled insights and driving tangible business impact.”

Relational, founded in 1995 and based in Athens, Greece, is known for delivering innovative data management solutions and has held a strong presence in the Greek market for decades. With a diverse clientele spanning various sectors such as banking, telecommunications, retail, and government, Relational is well-positioned to contribute to the adoption of advanced data intelligence solutions.

Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

To learn more, please visit www.altair.com.

WILMINGTON, MA, Feb 9, 2024 – Heilind Electronics, a premier global distributor of electronic components, has expanded its global connector portfolio with the addition of BERNIER. The agreement includes Interstate Connecting Components (ICC), a division of Heilind Mil-Aero.

BERNIER designs and manufactures ruggedized interconnects proven in the most challenging conditions. Their interconnects are found around the world in land defense, naval defense, military aeronautics, security, and industrial applications.

“At Heilind and ICC we are proud to bring decades of high-reliability mil-aero electronics distribution expertise together with BERNIER to deliver connector solutions to our customers,” said Alan Clapp, senior vice president, Heilind Electronics.

“BERNIER is excited to start this new partnership with Heilind and ICC. Our companies are leveraging their expertise to offer best-in-class solutions to our customers in today’s fast-paced environment,” said Alexandre Huart, president, BERNIER Connect.

About Heilind Electronics

Heilind Electronics, Inc. is one of the world’s leading distributors of connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, wire and cable, wiring accessories, and insulation and identification products. Founded in 1974, Heilind has locations throughout the US, Canada, Mexico, Brazil, Germany, Singapore, Hong Kong, and China.

For more information, visit www.heilind.com.

About Interstate Connecting Components (ICC)

A division of Heilind Electronics, North America’s largest interconnect distributor, Interstate Connecting Components is an AS9100D-certified value-added distributor for the entire spectrum of electronic connectors, fiber optic connectors, backshells, tools, identification solutions, and connector contacts. ICC specializes in the military-aerospace market and offers value-added assembly on 26482, 26500, 5015, D38999, M28840, M83513, and many other MIL-SPEC connector lines.

For more information, visit www.connecticc.com.

About BERNIER

Since 1933, BERNIER has designed and manufactured connectors in mission-critical applications for defense, aeronautics, industrial, security, and other high-reliability applications. BERNIER connectors are recognized for their ergonomics and performance in harsh environments providing optimal efficiency of customer equipment. BERNIER connectors are typically used in audio, high-density and high-speed data, battlefield radios, headsets, binoculars, intercoms, tactical systems, data transmission, optronic equipment, encrypted data, and power applications.

SAN FRANCISCO, CA, Feb 6, 2024 – Autodesk, Inc. announced it will share its fourth quarter fiscal 2024 financial results conference call via its website on Thursday, February 29, 2024, at 2 PM Pacific Time. Join the live webcast call here: autodesk.com/investors. An audio replay of the webcast will be available after 5PM PT at autodesk.com/investors.

More information will be available on autodesk.com/investors.

About Autodesk

The world’s designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings they live and work in, to the cars we drive and the bridges they drive over. Autodesk’s Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering their customers with the technology to create the world around them and deliver better outcomes for their business and the planet.

For more information, visit autodesk.com.

IFS, the global cloud enterprise software company, announced its financial results for the full year ending December 31, 2023. The company posted exceptional results with software revenue growth at 33 percent year-on-year and cloud revenue up 46 percent as new and existing customers accelerate the move to IFS Cloud, a market leading single cloud platform, allowing customers to access the latest Industrial AI capabilities most critical to our focus industries. IFS is consistently recognized internationally as a market leader in FSM, EAM, ERP and ESM.

2023 continued to see the unfolding of unpredictable economical and geo-political disruption. Despite this, the IFS strategy to stay focused on its core industries and to extend its Industrial AI capabilities with IFS.ai, have yielded very strong results in all regions, leading to another year of strong double-digit revenue growth for the company. The results, which continue to outperform the market, point to the company’s agility, scale, and ability to execute globally for its customers.

IFS product innovation in IFS Cloud and the inherent IFS.ai capabilities are in demand from existing customers and has attracted a large number of new customers choosing IFS over industry peers. Long standing customers such as Cimcorp as well as new customers such as Tele 2, Mattr, NOTE AB, Havfram, Van Oord, TÜV NORD, Stannah Lifts are turning to IFS as their long-term partner to transform their business models, improve resilience, increase operating efficiency, and deliver competitive advantage across their people, assets, and services.

IFS CEO Mark Moffat commented: “This time last year we reported five years of strong consecutive double-digit growth. I am hugely proud that the IFS team has continued this trend and also delivered an outstanding 2023. We will shortly reach a very significant landmark for IFS with $1bn ARR representing a strong vote of trust from our customers.” Moffat added: “Our core IFS value of being customer obsessed is paying off and with IFS.ai we are creating further productivity and automation opportunities for them while adding a critically important dimension to our proposition. We have delivered AI capabilities to our customers for a number of years now, and with IFS.ai we are driving AI across all our products effectively democratizing AI for all of our customers’ users.” Moffat concluded: “2024 will be a continuation of our strategy to deliver industry specific and market leading capabilities in FSM, EAM, ERP & ESM which includes investing in M&A. For our customers, I am proud to say that IFS moves as one, creating value faster and delivering our best to our customers when it matters most, at the Moment of Service™.”

IFS chief financial officer, Matthias Heiden, added: “2023 has delivered results that we are very proud of. ARR is clearly an important long-term performance metric, and our 26 percent growth in ARR YoY was driven by new logo acquisitions, significant expansion within the Install Base, and low churn. All of which points to a very healthy mix of revenue and consistent execution across the entire business.” Heiden concluded: “We saw very healthy double-digit growth in all our regions, with a notable outstanding performance in our North American and APJ, ME&A regions. This combined with the performance of our ecosystem is clear evidence that our focus on product and the industries we serve are delivering the value our customers need globally.”

Financial and Operational Highlights for FY 2023, growth YoY:

• FY2023 software revenue was EUR 853m, an increase of 33 percent versus 2022
• FY2023 recurring revenue was EUR 810m, an increase of 35 percent versus 2022
• FY2023 net revenue was EUR 1.062m, an increase of 30 percent versus 2022
• FY2023 annual recurring revenue (ARR) up 26 percent Year-on-Year

Some key milestones for IFS in 2023 included:

• In February, IFS marked the 25th anniversary of its operations in Sri Lanka
• In March, In the United States, IFS launched a collaboration with the Big Ten Conference, a pre-cursor to the strategic partnership launched in late 2023
• In May, IFS released it latest sustainability report, a detailed account of the IFS approach, priorities, targets, and initiatives across environmental, social and governance (ESG) topics
• In May, IFS launched the first of its twice-yearly IFS Cloud releases in 2023, with updates enabling customers to enhance business agility and build resilience
• In May, June, and October, IFS held 9 global IFS Connect events with over 3,000 local prospects, customers, and partners in attendance
• In June, IFS acquired Poka, the market-leading Quebec-based provider of a connected worker platform
• In October, IFS added extra capabilities to https://www.ifs.com/ifs-ai
• In November, IFS launched the second of its twice-yearly IFS Cloud releases
• IFS began several landmark brand partnerships, including a strategic partnership with AJ Foyt in June and was named the first-ever official technology partner of the Big Ten Conference in October
• Throughout 2023 IFS appointed several key executives across its global operations, including Matthias Heiden as CFO, Belinda Finch as CIO, Max Robberts as COO

Additional highlights:

• IFS added 243 new logos globally and across its core industries, including Mattr, NOTE AB, Havfram, Tele2 AB, Van Oord, TÜV NORD, Stannah Lifts, Enercare, My Dentist, and City of Tallahassee
• The IFS partner Ecosystem delivered some equally strong results with a 10% growth YoY in partner contribution to 41%. The impact was seen in our Net New business as well as in pipeline growth and number of deals closed by partners with North America and APJ, ME&A regions leading across multiple KPIs
• IFS is also extending its partnerships with Global System Integrators with a particular focus on strategic markets: Accenture for Utilities & Resources, Telco, Arcwide for Manufacturing, Services, Construction & Engineering, Capgemini for Construction & Engineering, Manufacturing, Energy, Utilities & Resources, and PwC for Energy, Utilities & Resources, Construction & Engineering
• IFS extended its leader status in several core areas:
  • IDC MarketScape: Worldwide Field Service Management Solutions, 2023-2024 – IFS a Leader
  • IDC MarketScape: Worldwide Service Life-Cycle Management Platforms 2023–2024 – IFS a Leader
  • Gartner Voice of the Customer for Cloud ERP for Product-Centric Enterprises – IFS a Customers’ Choice
  • IDC MarketScape: Worldwide Field Service Management Solutions for Utilities, 2023-2024 – IFS a Leader
  • IDC MarketScape: Worldwide Service Parts Planning Applications, 2023 – IFS a Leader
  • Nucleus Research Enterprise ERP Value Matrix – IFS a Leader
• IFS collected a significant number of awards:
  • Business Intelligence Awards: Sustainability Winner, March 2023, Business Intelligence Awards: Artificial Intelligence Award Winner, March 2023, HotTopics 100 CMOs: Oliver Pilgerstorfer, March 2023, Eventex Conference Award: Unleashed, May 2023, Eventex B2B Event Winner: Unleashed, May 2023, The Software Report: Top Software Company 2023, August 2023, ERP Today Awards Outstanding Leadership: Mark Moffat, September 2023, Future Enterprise Awards: Best Cloud Enterprise Software, October 2023, ICT Leadership Awards: Enterprise Software Vendor of the Year, October 2023, Boomi’s 2023 EMEA Partner of the Year Award Winner, November 2023, Ecovadis: ESG/CSR Silver Medal, November 2023, Construction Computing Awards: Best Asset Management Software, November 2023.

Learn more at www.ifs.com/company/financial-results/

About IFS

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within their single platform, their industry specific products are innately connected to a single data model and use embedded digital innovation so that their customers can be their best when it really matters to their customers—at the Moment of Service. The industry expertise of their people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in their sector.

For more information, visit www.ifs.com.