IFS marks 25 th anniversary of the inception of its operations in Sri Lanka

Sees continued success in technology excellence

IFS, the global cloud enterprise software company, announced
today that it is celebrating the 25 th anniversary of the inception of its Sri Lankan operations.
Since its humble beginning in 1997, with just 26 employees in a two roomed office in Colombo
03, IFS has made major investments into the workforce and community, becoming the second
largest technology employer in the country.
At a time when Sri Lanka’s ICT industry was developing, IFS saw an opportunity to set up its
innovation hub in the Asian region due to the country’s excellent technology talent. Sri Lanka is
now an integral part of IFS’s international success, with close to 80% of global product support
services and 60% of the global product development of IFS being facilitated out of Colombo.
Today, IFS Sri Lanka is a powerhouse in the local ICT industry, with more than 2,200
employees, accounting for approximately 40% of IFS’s global staff. Over the last 25 years, the
company has generated more than 5,000 employment opportunities for Sri Lankans, helping to
shape the future of many industry professionals.
IFS Chief Executive Officer Darren Roos commented: “It goes without saying that our Sri
Lankan team has played a critical role in providing us with the organizational support and agility
we needed to achieve the growth that we have.” Roos continued “The team’s contribution to
our success and company culture is felt throughout the organisation because it supports so
many of IFS’s working processes from R&D to HR, Marketing, Support and more. I am very
proud of what we have achieved together and of the contribution that we are making as the
second largest employer and with the IFS Foundation. Roos concluded “25 years is a very
significant journey that we look forward to progressing as we also continue to invest in our
business here.”
Over the past five years, our employee base in Sri Lanka has almost tripled since 2017 to over
IFS Sri Lanka its IFS ‘s most extensive R&D center outside of Sweden and supports functions
across Finance, Procurement, Marketing, Global Customer Support, Cloud Operations,
Consulting, and IFS Labs. The IFS Labs operation drives innovation, value into IFS products
and solutions across all industries for IFS customers worldwide.
IFS Sri Lanka also manages the South Asia Customer Organization, which offers services and
supports for IFS Cloud.
IFS Executive Vice President & Chief Operating Officer Ranil Rajapakse, who is also one of
the original IFS Sri Lanka employees, commented: “It is a surreal moment to reflect upon our
humble start with 26 people in our Colombo office and compare it to where we are now. 25
years ago, IFS was virtually unknown in Sri Lanka, but today people recognize it as a well-
respected technology big-hitter and a force to be reckoned with in the industry.”
“It has been a rich and rewarding experience to witness the company’s ascent and
transformation over the last 25 years. Especially seeing the extensive growth of our employee
network entering IFS as graduates, I am honored to work alongside such an intelligent, hardworking, and driven team of professionals. I cannot wait to see what the next 25 years bring
for IFS Sri Lanka,” concluded Rajapakse.
Recently, IFS Sri Lanka was ranked amongst the top 100 Sri Lankan corporates by LMD (Lanka
Monthly Digest) Magazine in its 18th ‘Most Respected Entities in Sri Lanka’ edition. In addition
to being honored as one of the most respected entities, IFS has also been ranked as a top Sri
Lankan business entity in Dynamism, Corporate Culture, Innovation, Management Profile, and
HR/People Management lists.
IFS has also taken bold steps to improve living standards and break the poverty cycle in Sri
Lanka through the IFS Foundation. The company has invested in a series of projects in
partnership with local communities in remote and rural areas of the country to renovate schools
and hospitals, improve access to fresh water, and create employment opportunities.

About IFS
IFS develops and delivers cloud enterprise software for companies around the world who
manufacture and distribute goods, build and maintain assets, and manage service-focused
operations. Within our single platform, our industry specific products are innately connected to a
single data model and use embedded digital innovation so that our customers can be their best
when it really matters to their customers—at the Moment of Service™. The industry expertise of
our people and of our growing ecosystem, together with a commitment to deliver value at every
single step, has made IFS a recognized leader and the most recommended supplier in our
sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness,
and collaboration in how we support our 10,000+ customers. Learn more about how our
enterprise software solutions can help your business today at ifs.com.

From left: Chief Product Officer Christian Pedersen, Executive Vice President and Chief Operating Officer – Sri Lankan Operations Ranil Rajapakse, Chief Executive Officer Darren Roos, Chief Digital and Information Officer, EVP – Offshore Operations & IFS Sri Lanka Chairman Sal Laher, Chief Human Resources Officer Kate Bishop and Chief Customer Officer Mark Moffat
IFS Chief Executive Officer Darren Roos
Executive Vice President and Chief Operating Officer – Sri Lankan Operations, Ranil

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