Oil & Gas Drilling Contractor Songa Offshore Selects IFS

Regulatory News:

IFS (STO:IFSA) (STO:IFSB)

IFS, the global enterprise applications company, announces that Songa Offshore, an International midwater drilling contractor active in the North Atlantic basin, has chosen to deploy IFS Applications™ for Offshore Service to support its onshore and offshore operations. The contract includes licenses and services worth approximately Nkr 40 million.

Songa Offshore operates five semi-submersible drilling units with an additional four rigs being delivered in 2014 and 2015. The company chose IFS Applications to support onshore and offshore operations within maintenance, supply chain, project management, and financials. The solution also features support for replication and document management.

"We chose IFS Applications because it offered us a comprehensive and proven industry solution that could standardize our business processes,” CEO Songa Offshore Bjørnar Iversen said. "We are convinced that IFS Applications will support and make our operations even more efficient and robust.”

"This important customer win confirms IFS’s leading position in the oil and gas industry as well as our long track record of delivering integrated industry solutions to offshore drilling contractors,” said Glenn Arnesen, CEO, IFS Scandinavia. "We are pleased to support Songa Offshore’s strategy to become a robust and NCS-focused company and look forward to a long and mutually rewarding relationship.”

IFS expects the customer to go live with the solution at end of 2014.

IFS is one of the world’s leading providers of business software to large and midsize companies within the oil and gas industry. For more than 20 years, IFS has worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and asset/plant owners to ensure our solutions meet the oil and gas industry’s stringent requirements. With over 400 customers in the project and asset-oriented market using IFS solutions today, our strategic focus on the oil and gas industry is evidenced in both deep industry expertise and a solid track record. IFS offers flexible, component-based project-driven business solutions that manage the entire lifecycle of contracts, projects, assets and services.

Customers include: Technip, Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Agility Group, Babcock Engineering Services, Heerema Fabrication Group, Archer, Apply, Hertel Group, Odfjell Drilling, Rowan, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS, Wellstream, Hamworthy, ShawCore, Icon Engineering, and Trans-Northern Pipelines Inc.

About IFS

IFS (http://www.ifsworld.com/en/about-ifs/)™is a public company (XSTO: IFS) founded in 1983 that develops (http://www.ifsworld.com/en/solutions/architecture-and-technology/), supplies, and implements (http://www.ifsworld.com/en/services/) IFS Applications (http://www.ifsworld.com/en/solutions/ifs-applications-8/)™, a component-based extended ERP suite. IFS focuses on industries (http://www.ifsworld.com/en/industries/) where management of any of the following four core processes is strategic: service (http://www.ifsworld.com/en/solutions/field-service-management-software/) & asset (http://www.ifsworld.com/en/solutions/enterprise-asset-management-software/), manufacturing (http://www.ifsworld.com/en/solutions/manufacturing/), supply chain (http://www.ifsworld.com/en/solutions/supply-chain/), and projects (http://www.ifsworld.com/en/solutions/projects/). The company has 2,200 customers (http://www.ifsworld.com/en/customers/) and is present in approximately 60 countries with 2,600 employees in total. Net revenue in 2013 was SKr 2.7 billion.

More information on IFS is available at www.IFSWORLD.com

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IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on March 10, 2014, at 9:30 a.m. CET.

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