With seven consecutive profitable quarters, a feat unprecedented in the company's recent past, IFS enters a new phase of sustained profitable growth, along with its new chief executive officer. However, there are some challenges that just will not go away.
in North America and Indonesia. Soon after, in 1996, it acquired Avalon Software , the US-based ERP provider, and in 1998 went public on the Swedish Stock Exchange, which, at the time, gave a false impression of almost unlimited capital investment. In 1997, IFS launched its web-based client (the predecessor of today's IFS/Collaborative Solutions which provides role-based portal views, which can be configured based on customers' unique requirements, so as to match the type of collaboration they desire),