IFS has made a strategic acquisition of TheLoops, a Silicon Valley specialist in agentic AI, to launch a dedicated AI agent platform aimed at enhancing industrial applications.

This acquisition positions IFS as the first vendor to offer an AI Agentic platform that integrates autonomous AI agents into industrial workflows, enhancing resilience and productivity.

The company reported a significant 30% increase in Annual Recurring Revenue year-over-year as of the first quarter of 2025, reflecting its strong market position.

Market trends indicate a growing readiness for industrial AI, with the global asset lifecycle management market projected to expand from $4.80 billion in 2023 to $8.10 billion by 2033.

IFS CEO Mark Moffat emphasized that this new AI platform is designed for productivity improvements, moving beyond traditional tracking to actual task execution.

The collaboration with TheLoops is expected to produce AI agents that can autonomously make decisions, thereby streamlining operations and allowing human workers to focus on higher-value tasks.

TheLoops' platform enables these AI agents to execute decisions rather than merely recommend actions, which is crucial for minimizing downtime and ensuring compliance.

The newly formed multi-agent environment allows these AI agents to operate alongside human workers while adhering to security and data access standards.

Somya Kapoor, CEO of TheLoops, highlighted the partnership's goal of delivering AI that drives actionable results while addressing real-world complexities in industrial environments.

Companies are encouraged to develop a 12-month roadmap for Industrial AI, focusing on deploying agents in high-ROI areas and investing in composable platforms for flexibility.

IFS differentiates itself from competitors like Siemens and Schneider Electric by focusing on specialized industrial applications, enhancing its leadership in the industrial AI sector.

This acquisition marks a significant shift towards AI agents that actively participate in decision-making processes, rather than simply tracking human activities.