Cloud ERP provider IFS and Dutch consulting firm Bearing Point are launching a new company, Arcwide, to capitalize on the growing demand for technology services. Credit: Gett Images With demand for technology services and enterprise spending on IT on the rise, Sweden-based ERP software provider IFS and Dutch technology consulting firm Bearing Point have combined to launch a professional services joint venture named Arcwide, which will become operational from April as a standalone entity. Headquartered in Europe, Arcwide will push IFS solutions as part of a portfolio that includes services associated with business transformation such as training and change management. “The joint venture is the result of the synergy we have built with IFS since 2017. We are starting with Europe as the relationship with IFS started in Europe. We hope to start operations in the US by 2022-end and launch in Asia by 2023,” said Philippe Chaniot, partner at Bearing Point and the CEO of Arcwide. The company, which is targeting revenue of US$100 million by the end of 2025, will focus on nine countries in Europe — Austria, Belgium, France, Germany, Ireland, Italy, Netherlands, Switzerland, and the UK, Chaniot said, adding that Arcwide will start with 160 employees before closing the year with around 300 staffers. Arcwide is expected to build on the strength of IFS and Bearing Point and will look at the manufacturing, aerospace, defence, services and public sector industries, said Michael Ouissi, IFS CCO (chief customer officer). Technology market research firm ETR chief strategist Erik Bradley said that the joint venture will act as a “cross-sale opportunity for both companies,” especially into the EMEA industrial, materials and manufacturing sector. Last March, IFS launched a new, cloud-native version of its suite of ERP applications with significant extensions for field service management (FSM) and enterprise asset management (EAM), all based on the same data model via its IFS Cloud platform. This will allow it to do updates every six months, rather than every three years, which was the update pace from 2012 to last year. Related content how-to Download our cloud cost management enterprise buyer’s guide From the editors of our sister publication CIO.com, this enterprise buyer’s guide helps IT staff understand the cost management tools available to keep their cloud spend under control. By Peter Wayner May 15, 2024 1 min Budgeting Cloud Management Vendor Management analysis Canadian CIOs discuss driving a successful hybrid cloud roadmap By Lee Rennick, Editor, CIO May 15, 2024 4 mins Events Cloud Computing IT Leadership brandpost Sponsored by PagerDuty AI for Cybersecurity: Superhero or Sidekick? Maximizing cybersecurity with GenAI: Elevating incident response through AI partnership By Eric Johnson May 15, 2024 4 mins Artificial Intelligence brandpost Sponsored by PagerDuty Mitigate risk and gain efficiency with event-driven automation Unleashing event-driven automation: From human intervention to seamless machine-driven defense. Learn more today. By Hannah Culver May 15, 2024 5 mins AutoML PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe