2023 Revenue
$810M
Customers
10K
Funding
$0
Avg ACV
$81K
Team
5.5K
Founded
1983
How IFS CEO Mark Moffat grew to $810M revenue and 10K customers in 2023.
IFS develops and delivers enterprise software solutions such as ERP, EAM and Service Management.
Last updated
IFS Revenue
In 2023, IFS's revenue reached $810M. Since its launch in 1983, IFS has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | IFS Hit $810m revenue in December 2023 | |
| 1983 | Launched with $0 revenue |
IFS Valuation, Funding Rounds
IFS is a bootstrapped ETO ERP Software startup. Founded in 1983, IFS has grown to $810M in revenue without raising any venture capital or outside funding.
As a self-funded ETO ERP Software SaaS company, IFS has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
IFS serves 10K customers.
IFS Employees & Team Size
IFS employs approximately 5.5K people as of 2026, up from 128 in 2020, including 11 sales reps that carry a quota. It serves 10K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2023 | Reached 5.5K employees (August 2023) |
| 2020 | Reached 128 employees (December 2020) |
| 2020 | Reached 132 employees (June 2020) |
| 2019 | Reached 172 employees (December 2019) |
| 2018 | Reached 174 employees (December 2018) |
Frequently Asked Questions about IFS
What is IFS's revenue?
IFS generates $810M in revenue.
Who founded IFS?
IFS was founded by Mark Moffat.
Who is the CEO of IFS?
The CEO of IFS is Mark Moffat.
How much funding does IFS have?
IFS raised $0.
How many employees does IFS have?
IFS has 5.5K employees.
Where is IFS headquarters?
IFS is headquartered in Sweden.
Compare IFS to the industry
IFS operates across multiple industries. Browse revenue, funding, and growth data for IFS in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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