IFS to Acquire Falkonry

Sept. 29, 2023
IFS plans to add Falkonry’s AI-driven data analysis to its cloud enterprise software suite for more effective smart factory development.

In another example of the growing impact of artificial intelligence (AI) on industrial software strategies, IFS, a cloud enterprise software company, has signed a definitive agreement to acquire Falkonry, an industrial AI software company that provides automated, high-speed data analysis for the manufacturing and defense industries. Falkonry’s AI-based, self-learning software continuously monitors large volumes of data for assets, machines, systems and industrial processes to discover and analyze unusual behavior and causes of failures.

IFS expects the acquisition of Falkonry to complete in Q4 2023. In IFS’s announcement of the planned acquisition, the company said, “The addition of Falkonry’s self-learning anomaly detection solution to IFS’s existing enterprise simulation and AI-based scheduling and optimization capabilities further evidences our strategy to use AI pervasively to provide end-to-end intelligent insights in EAM (enterprise asset management) across ERP (enterprise resource planning), MES (manufacturing execution system), PSO (planning, scheduling, optimization), FSM (field service management) and ESM (enterprise service management) technology to increase people and asset productivity.”

“Falkonry is unique in the market because its technology is agnostic and does not require data scientists,” said Darren Roos, IFS CEO. “These are great differentiators for Falkonry that mean the solution is both scalable and low-cost to implement.”

IFS also recently acquired Poka, a provider of connected worker technology for factory and field operatives. IFS said the combination of Falkonry and Poka with IFS Cloud positions IFS to help users more effectively develop smart factories.

Sponsored Recommendations

Rock Quarry Implements Ignition to Improve Visibility, Safety & Decision-Making

George Reed, with the help of Factory Technologies, was looking to further automate the processes at its quarries and make Ignition an organization-wide standard.

Water Infrastructure Company Replaces Point-To-Point VPN With MQTT

Goodnight Midstream chose Ignition because it could fulfill several requirements: data mining and business intelligence work on the system backend; powerful Linux-based edge deployments...

The Purdue Model And Ignition

In the automation world, the Purdue Model (also known as the Purdue reference model, Purdue network model, ISA 95, or the Automation Pyramid) is a well-known architectural framework...

Creating A Digital Transformation Roadmap Using A Unified Namespace

Digital Transformation has become one of the most popular buzzwords in the automation industry, often used to describe any digital improvements to industrial technology. But what...