IFS to acquire Falkonry AI
CUPERTINO, Calif., Aug. 31, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced it has signed a definitive agreement to acquire Falkonry, Inc. a California-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. The AI-based, self-learning solution continuously monitors large volumes of data for assets, machines, systems, and industrial processes to discover and analyze unusual behavior and causes of failures.
- CUPERTINO, Calif., Aug. 31, 2023 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced it has signed a definitive agreement to acquire Falkonry, Inc. a California-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries.
- IFS CEO, Darren Roos, commented: "Falkonry is unique in the market because its technology is agnostic and also it does not require data scientists.
- The combination of Falkonry and Poka with IFS Cloud makes IFS the most compelling vendor for organizations wanting to establish the most progressive and effective Smart Factories of the future.
- IFS expects the acquisition of Falkonry to complete in Q4 2023.