IFS and Cap Gemini Ernst & Young (CGEY) have agreed to form a worldwide cooperative deal within the global energy sector. Under the terms of the arrangement, IFS and CGEY will provide enterprise software and service capabilities, focusing primarily, but not exclusively, on the asset management business. The two companies will also establish a center of excellence around IFS’s applications-the first two hubs will be located in Scandinavia and in France, Cap Gemini’s home market. The Centre of Excellence will be primarily concerned with the support of sales activities for IFS applications on a global basis. “The asset management domain is becoming more and more important in the aftermath of deregulation as utilities are faced with the challenges of running their operations as efficiently as possible,” said Colette Lewiner, CGEY’s Energy & Utilities Practice general manager.
“We believe that an enterprise-wide approach to asset management is essential,” said Torbjorn Wahlsten, CGEY’s Energy & Utilities Practice director of alliances. “When evaluating software providers in the asset management area, we found that solutions based on IFS applications will enable our clients to achieve a very flexible and cost-effective operation based on a solid foundation for the future.”