IFS announced the appointment of Ryan Courson as Chief Financial Officer, strengthening its leadership team as the company accelerates growth in Industrial AI.
Courson joins IFS at a time of strong performance and expansion, with the company reporting 25% annual recurring revenue growth and a net retention rate of 114% in the first quarter of 2026. The company is positioning itself as a leader in Industrial AI software, with increasing demand for its IFS.ai platform across industries and global markets.
Courson brings a blend of operational and investment experience, having served as CFO at multiple AI-driven technology companies and as CFO of Atlas Corp., a publicly traded global asset manager. Earlier in his career, he worked as a technology investor at firms including Alpha Wave Global, Teton Capital, and Berkshire Hathaway.
Most recently, Courson served as COO and CFO at Kaseya, and previously held CFO roles at Cornerstone OnDemand and EagleView. In addition to his corporate roles, he is an adjunct professor at Washington University in St. Louis, where he teaches investing.
He succeeds Matthias Heiden, who will depart the company in the second quarter of 2026 after contributing to IFS’s recent growth trajectory.
The appointment reflects IFS’s focus on strengthening financial leadership as it scales globally, with an emphasis on disciplined capital allocation, operational rigor, and sustaining high growth in enterprise AI adoption.
KEY QUOTES:
“IFS is executing at a level that very few software businesses in the world can match right now. Sustaining that trajectory as we scale requires financial leadership of the very highest caliber. Ryan has built and led financial organizations inside fast-growth AI companies, he understands markets and capital as a sophisticated investor, and he has operated at the level of a publicly listed company. That combination is powerful as IFS drives the next phase of our growth. I am delighted to welcome him to the team.”
Mark Moffat, Chief Executive Officer, IFS
“IFS sits at a rare intersection of category leadership and proven performance, with significant runway ahead. What stands out is not just the growth, but its quality and durability at scale. Industrial AI is becoming mission-critical for global enterprises, and IFS is defining that shift. My focus is to support the next phase of growth by strengthening financial discipline, capital allocation, and operating rigor. I’m honored and excited to join Mark and the team at this important moment.”
Ryan Courson, Chief Financial Officer, IFS
