IFS has acquired 7bridges, a London-based company specializing in AI-powered supply chain management solutions. This acquisition enhances IFS’s logistics and transportation optimization capabilities, marking its third buy in a year as part of its strategy to lead in Industrial AI, particularly for manufacturing, aerospace, and defense sectors.
7bridges utilizes advanced AI analytics to automate and optimize logistics networks efficiently, significantly benefiting clients facing rising costs and supply chain disruptions. The integration of 7bridges into IFS’s offerings aligns with increasing global demand for tech that promotes sustainability and operational efficiency.
With this acquisition, IFS aims to enhance its AI-powered solutions within IFS Cloud, empowering businesses to optimize logistics data management and achieve average transport cost reductions of 8%. The move positions IFS to further expand its portfolio, combining 7bridges’ capabilities with existing enterprise tools, thereby addressing evolving market requirements and improving client resilience across industries.
Source link
