Thursday, July 11, 2024
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IFS, a pioneer in cloud and Industrial AI software, has revealed its acquisition of EmpowerMX. EmpowerMX, renowned for its AI-powered aviation maintenance software, specializes in Airframe Maintenance Repair and Overhaul (MRO) solutions, trusted by major aviation organizations such as Embraer, MRO Holdings, Delta, and American Airlines.
This strategic acquisition highlights IFS’s dedication to advancing Industrial AI and underscores the importance of industry-specific solutions that enable customers to quickly derive value and enhance their service delivery. For aerospace and defense clients, this means increased efficiency, improved production control, shorter turn-around times, and reduced maintenance costs.
Combining the strengths of EmpowerMX and IFS, the aerospace and defense sectors will now have access to the most comprehensive and advanced maintenance management system. This system supports multiple users in various roles and provides well-documented, paperless governance through electronic task cards and logbooks.
The acquisition is set to deliver enhanced value and Industrial AI innovation to customers, addressing significant challenges faced by aviation MROs and the airline industry, such as supply chain disruptions, labor shortages, capacity issues, compliance, and ESG reporting.
EmpowerMX’s clientele will now benefit from IFS’s extensive capabilities and global reach, leveraging embedded IFS.ai innovation to maximize asset availability, implement best practices, and ensure compliant service delivery.
Scott Helmer, President of IFS’s Aerospace & Defense Business Unit, commented: “Combining EmpowerMX with IFS is a perfect opportunity to proactively advance our leadership position in the aviation MRO software space due to the many synergies we have: an aligned technology vision, deep sector expertise and a shared commitment to customer value. Together, we not only expand our reach and foothold into the burgeoning MRO space, but we can also better serve a wider base of global A&D customers with the Industrial AI-fueled MRO innovation that enhances security, safety and efficiency.”
Helmer added: “EmpowerMX’s world-class and established customer base of leading aviation brands complements our own roster of industry leaders including Southwest Airlines, Air France KLM, Lockheed Martin and BAE Systems.”
Dinakara Nagalla, Founder & CEO, EmpowerMX, commented: “EmpowerMX has been at the forefront of technology innovation in the MRO space, and I am incredibly proud of what our team has achieved with the EMX platform, products, and services. We are excited to join the IFS team that will enable us to accelerate innovation and extend the value we create for MRO customers. With IFS’s global presence, EmpowerMX can help our MRO clients deliver faster turnaround, drive bottom line growth, and leverage the AI capabilities we are infusing into our products.”
IFS is broadly recognized as a leader in EAM, ERP, and FSM solutions for asset and service-centric industries. In the aerospace and defense sector, IFS.ai plays a crucial role in maintaining aircraft, ensuring the safety of over 310 million passengers.
Aly Pinder, Research Vice President, Aftermarket Services Strategies, IDC, commented: “For the aviation MRO and airline industry, digital transformation initiatives are critical to addressing operational challenges, including long turnaround times, out-of-service aircraft, and compliance adherence,” said IDC analyst Aly Pinder. “As a notable company in the aviation MRO software market, IFS has helped some of the world’s largest air carriers address these challenges by modernizing their enterprise intelligence systems. The acquisition of EmpowerMX will complement IFS’s existing cloud-based aviation maintenance solution and present IFS with an opportunity to strengthen its market position in the MRO sector.”
