IFS acquires VisionWaves - Further strengthens CPM offering in the A&D sector

IFS, the global enterprise applications company, today announces that it has signed an agreement with the owners of VisionWaves B.V. (“VisionWaves”) to purchase 100 percent of the company’s shares. The purchase price will be paid in cash.

VisionWaves provides operational intelligence software that helps customers accelerate their strategy realisation and boost business performance.

Its unique model-driven, top-down methodology not only provides leaders and decision makers with a clear picture of their business’s performance in real-time, but also enables them to take action and continually improve operations and business models.

By combining VisionWaves with IFS’s industry-focused solutions, customers can benefit from:

• VisionWaves’ ability to map, monitor, and manage end-to-end business processes across multiple business units, data sources and applications. This builds in an ‘at-a-glance’ understanding of how performance affects business strategy and proactively initiating actions.
• The two solutions’ ability to enable customers to accelerate strategy realisation and boost business performance by providing a common operational picture and improving business process performance in a truly integrated way.

VisionWaves was founded in 2000 and has its headquarters in Zeist, the Netherlands, with a sales office in the U.S. The company has 30 employees and generated €4.9 million in revenue and an adjusted EBITDA-margin of 17% (last 12 months up to May 2015, unaudited).

The Company has successfully implemented its solution at large multinational customers in the following industries:  Aerospace & Defence, Transportation, Mining, Engineering & Construction, Energy & Utilities, Public Sector, Finance, and Healthcare.

VisionWaves has over 30 blue chip customers including Emirates, Qinzhou Power Plant/SDIC, Chilean Air Force, Dodsal, Lumina Mining, Dutch MoD and National Police, ING, Achmea and Rabobank. Well established partnerships exists with several system integrators incl. Capgemini, Accenture and Serco.

Alastair Sorbie, IFS CEO said, “With the acquisition of VisionWaves, IFS can be seen as executing on its stated strategy for growth by investing in one of the fastest growing sectors for enterprise applications. IFS’s ambition is to enable our customers to become more agile and increase their ability to accelerate their strategy realisation. VisionWaves will strongly contribute to this and in addition complement IFS’s partner eco-system strategy very well; system integrators are highly attracted to the operational intelligence and business performance improvement value proposition.”

IFS expects that there will be a limited positive earnings impact from the acquisition in 2015.