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 brandpost Sponsored by VMware The Java migration imperative: Why your business should upgrade now To truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. By Ryan Morgan, Senior Director, VMware Tanzu, Broadcom Apr 29, 2024 8 mins Cloud Computing news Get Ready for FutureIT Boston With This AI Infographic By Shane O'Neill Apr 29, 2024 1 min Events Artificial Intelligence IT Leadership news Atos may sell national security activities to French government The troubled IT service provider could net up to $1 billion from the sale, meeting most of its financing needs for the next year. By Peter Sayer Apr 29, 2024 4 mins Government IT Government Managed IT Services feature Top 10 barriers to strategic IT success Data challenges, tech debt, and talent shortages are among the issues that can derail your IT org’s work on high-value initiatives. Here’s how some CIOs are addressing them. By Mary Pratt Apr 29, 2024 12 mins Hiring IT Skills Business IT Alignment 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