IFS Acquires TheLoops to Innovate Industrial AI Solutions
Deal News | Jun 26, 2025 | PR Newswire Cision IFS
IFS, a leading provider of enterprise cloud and industrial AI software, has announced its acquisition of TheLoops, a company renowned for its innovations in autonomous AI agent technology. The acquisition allows IFS to launch the industry's first AI Agentic platform specifically designed for mission-critical operations. This platform integrates intelligent digital teammates into industrial workflows, enhancing resilience, productivity, and ROI. TheLoops' technology enables AI agents to understand industry semantics and operate securely within enterprise workflows, thus transforming organizational processes and operational efficiency in asset-intensive sectors. IFS intends to deploy these AI agents to smartly streamline operations by enabling autonomous decision-making, enhancing service delivery for customers worldwide. TheLoops CEO, Somya Kapoor, expressed excitement about the transformational potential of combining efforts with IFS, emphasizing the new level of complexity and efficiency the partnership offers in industrial settings.
Sectors
- Industrial AI
- Enterprise Software
Geography
- United States – IFS is making strategic moves in the AI sector from its operations in the US, particularly in San Jose, California, where the announcement was made.
- Global – IFS and TheLoops both operate on a global scale, offering industry-transforming solutions to clients around the world.
Industry
- Industrial AI – The article discusses the use and development of AI technologies within industrial settings, focusing on mission-critical operations that rely on intelligent automation.
- Enterprise Software – IFS is a leading provider of enterprise software, and the acquisition integrates advanced AI functionalities into their suite, targeting industrial applications.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IFS | Acquirer | Company | IFS is a leading provider of enterprise cloud and industrial AI software, enhancing operational efficiency and service differentiation. |
| TheLoops | Target company | Company | TheLoops specializes in autonomous AI agent technology, facilitating intelligent automation in industrial settings. |
| Mark Moffat | CEO of IFS | Person | Mark Moffat is responsible for strategy and leadership at IFS, guiding the company's AI and innovation endeavors. |
| Somya Kapoor | CEO of TheLoops | Person | Somya Kapoor leads TheLoops’ mission of advancing actionable AI technology in industrial environments. |
| Aly Pinder | Research Vice President, Aftermarket Services Strategies, IDC | Person | Aly Pinder provides industry analysis, highlighting the significance of AI in industrial sectors. |