IFS acquired 7bridges, a move designed to strengthen IFS’ position as the industrial AI leader by expanding its capabilities in logistics and transportation optimization.
“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 optimization 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,” says Mark Moffat, CEO of IFS.
“Joining IFS allows us to accelerate our mission of transforming global supply chains through AI. With IFS’ reach and resources, we’ll bring our solution to new industries and geographies, delivering measurable impact for customers worldwide,” adds Philip Ashton, CEO of 7bridges.
Key takeaways:
· 7bridges streamlines supply chains using advanced AI simulation and analytics to automate and optimize logistics networks. It has been purpose-built for industrial use cases, combining rapid data capture, a high-quality semantic data layer, and AI to solve complex supply chain optimization challenges.
· IFS sees a significant opportunity to scale 7bridges capabilities into the asset and service-centric industries, with strong demand coming from the manufacturing and aerospace and defense sectors.
· 7bridges captures and makes sense of critical logistics data from any source and in any form, to optimize supply chains continuously in response to planned and disruptive changes. This allows them to realize extra revenue, reduce transport costs by an average of 8%, and automate 90% of the data entry and data management associated with logistics.
