IFS acquires warehouse management software provider Softeon

IFS, a provider of Industrial AI software, has acquired Softeon, a provider of warehouse management software (WMS) and solutions.

Operating as IFS Softeon, the move will bring together IFS' Industrial AI capabilities with Softeon's over 20 years of tier-1 WMS expertise.

IFS Softeon will aim to combine industrial domain knowledge, robotics orchestration and warehouse execution into a single offering, processing millions of orders per month and managing warehouse operations across 30 countries, including Australia.

"The introduction of IFS Softeon means every enterprise wrestling with the complexity of modern supply chains now has access to something genuinely new: end-to-end supply chain intelligence, from strategic decision-making to physical execution on the warehouse floor. Industrial AI meets limitless warehouse execution," Mark Moffat, CEO of IFS, said.. 

"Now, backed by IFS's Industrial AI platform and global reach, we can deliver even more – AI-driven warehouse orchestration, robotics interoperability, and predictive inventory intelligence." said Jim Hoefflin, CEO of IFS Softeon.

Existing Softeon customers will see continued investment and no disruption. existing IFS customers gain access to 'best-in-class' WMS and new prospects now have the choice of a single vendor for end-to-end supply chain intelligence.

Last month, IFS appointed Paul Butterworth as MD for Australia and New Zealand.