IFS to acquire Falkonry.

IFS, a cloud enterprise software company, agreed to acquire Falkonry, a California-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. Financial terms were not disclosed. “Falkonry is unique in the market because its technology is agnostic and also it does not require data scientists. These are great differentiators for Falkonry that mean the solution is both scalable and low-cost to implement – two fundamental attributes that very much align to our own values. Falkonry’s technology can be applied in all industries, and while the team has some hugely impressive references in IFS’s focus markets on asset performance management, manufacturing execution systems, servitization, and configurable workflows, we see a really broad addressable market to capitalize on,” Darren Roos, IFS CEO.