North American Network selects IFS Applications to manage complex projects in real-time

IFS (http://www.ifsworld.com/), the global enterprise applications company,
announces that North American Network, LLC (NAN), a sales and distribution
channel of project and service-based businesses, has selected IFS Applications
enterprise resource planning (ERP) solution for real-time project management.
The contract is valued at $2 million USD.
NAN is headquartered in Denver, Colorado and is 100 percent funded by 12
separately owned companies that are part of a group of Local Business Partners
(LBPs) in North America. These LBPs provide localized sales and associated
service presence in industries such as project-based manufacturing, oil and gas,
process manufacturing, and power generation.

Together, this network of business partners was looking to automate common
business processes and consolidate multiple ERP solutions to manage its complex
project and services businesses with one unified solution that could access real
-time data.

The group will implement a wide range of IFS Applications functionality,
including modules for project management, manufacturing, supply chain
management, and maintenance.

“We needed a solution that could consolidate twelve complex businesses on one
standard platform for improved business process automation,” NAN Executive
Director Jon Zimbeck said. “We chose IFS Applications to support our businesses
as it was the best overall fit, met all the software requirements of our member
companies and has proven success in other project-based companies.”

“IFS Applications will help NAN gain better control of its complex projects by
removing potential risks that each project could face through the use of
reliable forecasting and real-time project cost tracking,” IFS Americas
President and CEO Cindy Jaudon said. “IFS Applications will also help NAN
standardize its business information where critical project details can be
continuously updated and accessed by key stakeholders for better business
decisions.”

The project-based industry is one of IFS’s targeted horizontal markets. IFS
offers a complete project lifecycle management solution that enables businesses
to manage project-related costs, timelines, resources, cash flows, and risks.
The integrated nature of IFS’s Project-Based Solution (PBS) facilitates real
-time information at any stage of the project, enabling proactive problem
-solving and reducing the need for error-prone manual entries. IFS’s PBS
offering includes functionality for project management, contract management,
risk management, budgeting and forecasting, engineering and material management,
and asset data management—all integrated with financials and human resources.
The project-based market includes such IFS target industries as aerospace and
defense, EPCI contracting, oil and gas, energy and utilities, construction,
service management and project-based manufacturing.

IFS customers include Agility Group, Babcock Engineering Services, Heerema
Fabrication Group, TLT Babcock, Damen Shipyards, Horizon, Contiga, STX, Ultra
Electronics, Austal, Archer, Doppelmayr, Smit, and FEV.
Contact Information
Mark Boulton
Telefon: 44 1494 428900
Chief Marketing Officer
press@ifsworld.com (mark.boulton@ifsworld.com)

Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com
About North American Network

North American Network, LLC is 100 percent owned by a group of 12 separately
owned companies. These 12 companies represent many manufacturers in the
Industrial Process Management market space providing a significant sales and
service presence in the local territories that they represent. The names and
headquarter locations of the 12 member/owners is as follows: Applied Control
Equipment in Denver, Colo., Control Associates, Inc. in Allendale, N.J., Control
Southern in Atlanta, Ga., Cornerstone Controls in Cincinnati, Ohio, Equipment
and Controls, Inc. in Pittsburgh, Pa., Experitec, Inc. in St. Louis, Mo., New
England Controls, Inc. in Boston, Mass., Novaspect Inc. in Chicago, Ill., PCE
Pacific, Inc. in Seattle, Wash., Proconex in Philadelphia, Pa., R. S. Stover Co.
in Marshalltown, Iowa, and Scallon Controls in Beaumont, Texas.

About IFS

IFS (http://www.ifsworld.com/en/about-ifs/)™is a public company (XSTO: IFS)
founded in 1983 that develops (http://www.ifsworld.com/en/solutions/architecture
-and-technology/), supplies, and
implements (http://www.ifsworld.com/en/services/) IFS
Applications (http://www.ifsworld.com/en/solutions/ifs-applications-8/)™, a
component-based extended ERP suite. IFS focuses on
industries (http://www.ifsworld.com/en/industries/) where management of any of
the following four core processes is strategic:
service (http://www.ifsworld.com/en/solutions/field-service-management
-software/) & asset (http://www.ifsworld.com/en/solutions/enterprise-asset
-management-software/),
manufacturing (http://www.ifsworld.com/en/solutions/manufacturing/), supply
chain (http://www.ifsworld.com/en/solutions/supply-chain/), and
projects (http://www.ifsworld.com/en/solutions/projects/). The company has 2,100
customers (http://www.ifsworld.com/en/customers/) and is present in
approximately 60 countries with 2,800 employees in total. Net revenue in 2012
was SKr 2.7 billion.

More information on IFS is available at www.IFSWORLD.com

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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 December 13, 2013, at 9.30 a.m. CET.