IFS North America announced a contract with Brookfield Asset Management, a Toronto-based global asset manager focused on property, renewable power and infrastructure assets with more than $100 billion of assets under management.
Brookfield's holdings include equity investments in commercial and residential real estate, pulp and paper mills, rail and port facilities, electric utilities and energy companies in virtually every country in the world.
Brookfield will implement IFS Applications to streamline its business processes worldwide. With Brookfield Renewable Power having already implemented IFS Applications, their success was something the parent company and its various other divisions wanted to emulate.
The company is licensing a broad suite of enterprise resource planning (ERP) and enterprise asset management (EAM) functionality. The asset management, construction, contracting and infrastructure industry is an IFS targeted vertical market.