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IFS, a forerunner in Industrial AI software, has announced a strategic acquisition of 7bridges, known for its AI-driven supply chain management solutions. This move bolsters IFS's capabilities in logistics and transportation optimisation, reinforcing its leadership position in the AI industry.
7bridges is renowned for its ability to streamline supply chains via sophisticated AI simulation and analytics, aiming to automate and optimise logistics networks effectively. Tailored for industrial purposes, it integrates rapid, low-cost data collection with a high-quality semantic data layer to tackle intricate supply chain challenges.
The synergy created by integrating 7bridges opens new avenues for IFS, particularly in asset and service-centric industries such as manufacturing and aerospace & defence, where there is notable demand.
Further, the expertise embedded within the 7bridges team and their innovative technology is set to accelerate IFS’s development of next-generation AI solutions within IFS Cloud. This advancement also enhances IFS's simulation and optimisation capabilities across varied sectoral applications.
This acquisition complements IFS’s recent strides in Industrial AI, notably the acquisition of AI specialist TheLoops and the launch of its AI innovation accelerator, Nexus Black. These strategic initiatives highlight IFS’s commitment to fostering AI innovations that drive growth, resilience, and sustainability in pivotal industries.
Mark Moffat, CEO of IFS, said: “We’re proud to lead the market in Industrial AI and continue to invest in technologies that differentiate our offering. 7bridges’ unique capabilities in AI-powered supply chain optimisation are a strong complement to our existing strengths and will strongly resonate with our asset intensive customers. We’re excited to welcome their talented team of experts to IFS.”
7bridges is widely utilised by market-leading manufacturers and logistics providers to harness and interpret vital logistics data irrespective of source or format. This continuous optimisation enables tangible benefits, such as reducing transport costs and automating data management tasks, pivotal in an industry characterised by cost pressures, global disruptions, and decarbonisation efforts.
Operating within a rapidly evolving market landscape, 7bridges' simulation engine facilitates enhanced decision-making prowess, both tactical and operational, across diverse industries. Philip Ashton, CEO of 7bridges, looks forward to leveraging IFS's reach to expand their AI solutions' impact globally.
