IFS acquires Axios Systems

Business software vendor IFS , has announced it has signed a definitive agreement to purchase Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software. Recognised as a leader in IT service management (ITSM) and IT operations management (ITOM), Axios Systems has built a reputation for the quality of its omnichannel service management solution, which many of the world’s most respected brands rely on, including: Aviva, KPMG, FedEx and many more.

Over the years, IFS has significantly invested in its Service Management business, which grew over 100% year on year in 2020. The acquisition of Axios Systems adds further depth to IFS’s capabilities with new ITSM and ITOM functionality that will help companies improve the design and automation of workflows, drive efficiency internally, and connect data across teams and systems to ultimately create opportunities to better serve its customers. The combination of IFS and Axios Systems is instrumental in extending IFS’s ambition to cement itself as the market leader in the service space.

Darren Roos, CEO, IFS, said: “The acquisition is very significant for IFS as we are extending our service management proposition to help businesses address inefficiencies that can impact their ability to deliver delightful ‘moments of service’. Beyond process and workflow design and simplification, Axios and IFS together create visibility across internal and external siloes.

Roos added that the ability to monetise service creates a competitive edge. “Today customers want service, reliably and consistently, but there is a missing piece; companies need to be able to leverage customers, people and assets and not only articulate the true value but also ‘design for serviceability’,” he said. “With Axios, IFS is adding specific capabilities that bring visibility into the value delivered inside and out, and highlight opportunities for ongoing improvements.”

Tasos Symeonides, CEO and Founder, Axios added that: “As the founder of Axios, I am proud that my family and team have successfully established a global and well-respected provider of enterprise service management solutions. We are not done yet; we want to keep working with the great customers we already have and add new ones. To achieve this, we needed to join forces with a global software player who is as passionate about service management, delivering value and creating great customer experiences, as we are. In IFS we found the ideal strategic partner and are now playing a role in helping IFS extend its leadership in enterprise service management.”