Norway’s main grid owner, Statnett, upgrades to IFS Applications 8
| Source:Industrial & Financial Systems, IFS AB
IFS, the global enterprise applications company, announces that Statnett,
Norway’s national main grid owner and operator, will upgrade its existing IFS
solution to IFS Applications™ 8 to streamline business critical processes such
as enterprise asset management and project management. The contract includes
licenses and services worth NKr 12.7 million.
Since the initial implementation of IFS Applications in 2001, Statnett has been
an important adviser in the development of IFS Applications for the energy and
utilities industry. By upgrading to IFS Applications 8, the company will benefit
from using a leading-edge enterprise management platform including support for
key business processes such as maintenance, asset management, and project
Statnett is embarking on a large investment program in the national central
power grid. IFS Applications will play an important part in managing the
increased project volume that this plan will generate.
“We need to make sure that our IT systems can deliver the necessary information
in an efficient manner,” Statnett CIO Peer Østli said. “Upgrading to IFS
Applications 8 is an important step on our way to achieve our long-term goals.
We believe IFS will deliver the required functionality to execute projects and
manage assets efficiently and secure enhanced business control and
“Being selected by an important industry leader such as Statnett proves that our
solutions deliver real customer value,” IFS Scandinavia CEO Glenn Arnesen said.
“IFS Applications 8 has a large number of new and enhanced features, which will
support and streamline Statnett’s core business processes. IFS has been working
with energy and utilities companies since 1983, and we are looking forward to
continuing our long collaboration with Statnett.”
The implementation is expected to be completed in November 2013.
Telefon: 46 8 58 78 45 00
Corporate Communications Director
Telefon: 46 8 58 78 45 00
Statnett is first of all responsible for all high voltage electricity
transmission and distribution in Norway. Such distribution is mainly from the
country’s main hydro-electric power production plants countrywide. The Statnett
Group has approximately 1000 employees and corporate head office located at
Smestad in the western suburbs of Oslo.
More information is available at www.statnett.no
IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and
implements IFS Applications™, a component-based extended ERP suite built on SOA
technology. IFS focuses on industries where any of four core processes are
strategic: Service & asset management, manufacturing, supply chain and projects.
The company has 2,000 customers and is present in approximately 60 countries
with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.
More information on IFS is available at www.IFSWORLD.com
Follow us on Twitter: @ifsworld
Visit the IFS Blogs on technology, innovation and creativity:
IFS discloses the information herein pursuant to the Financial Instruments Act
(1991:980) and/or the Securities Markets Act (2007:528). The information was
submitted for publication on January 30, 2013, at 8:45 a.m. CET.
IFS, Box 1545, SE-581 15 Linköping, Sweden – Phone: +46 13 460 40 00 – Fax: +46
13 460 40 01
Industrial and Financial Systems, IFS AB (publ) is a limited liability company
registered in Linköping, Sweden.
Corporate identity number: 556122-0996
other press releases byIndustrial & Financial Systems, IFS AB
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.