IFS, a leader in Industrial AI software, has acquired 7bridges, an AI-powered supply chain management solution. This acquisition enhances IFS’s logistics and transportation optimization capabilities.
7bridges uses advanced AI simulation and analytics to streamline supply chains, automating logistics networks for industrial applications. Its tools are designed for rapid, low-cost data capture, providing powerful solutions to complex supply chain challenges.
IFS sees significant potential to expand 7bridges’ capabilities in asset and service-centric industries, especially in manufacturing and aerospace & defense sectors. The expertise of the 7bridges team will accelerate the development of next-generation AI-enabled supply chain solutions in IFS Cloud.
This deal builds on IFS’s leadership in Industrial AI, following its acquisition of TheLoops and the launch of Nexus Black, its AI innovation accelerator. Together, these efforts emphasize IFS’s focus on AI-driven innovation that enhances growth, resilience, and sustainability.
7bridges is used by leading manufacturers and transport providers to effectively manage logistics data, allowing them to optimize supply chains, reduce transport costs by an average of 8%, and automate 90% of data entry. In a market facing cost pressures and global disruptions, 7bridges has demonstrated strong progress in logistics optimization, enhancing decision-making across various industries.
KEY QUOTES:
“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.”
Mark Moffat, CEO of IFS
“Joining IFS allows us to accelerate our mission of transforming global supply chains through AI. With IFS’s reach and resources, we’ll bring our solution to new industries and geographies, delivering measurable impact for customers worldwide.”
Philip Ashton, CEO of 7bridges
