IFS Global, A Software Solutions Provider for the Resource Industry, Goes Public on the NEO Exchange
Toronto – February 16, 2023 –NEO is excited to welcome IFS Global Software Inc. (“IFS Global” or the “Company”), a software development company headquartered in Dubai, as they go public on the NEO Exchange. IFS Global begins trading today under the symbol IFS.
With a focus on industrial sectors worldwide, including oil/gas and mining, IFS Global’s cloud-based platform provides custom data management solutions to digitize industrial processes while offering clients real-time visibility into their operations. IFS Global also connects buyers and sellers in a global e-commerce procurement marketplace for used, surplus, and newly manufactured equipment.
“IFS Global is on a mission to digitize the natural resource industry. Our innovative e-commerce platform, Equipment Hound, is doing for industry what Amazon has done for retail, while our SaaS data management platform, ToolSuite, provides critical, real-time, and auditable data for our clients,” commented Hal Hemmerich, Chairman and CEO of IFS Global. “Today’s launch on the NEO Exchange is a milestone moment for the IFS Global team. NEO has the perfect framework to help us grow our business and provide us with exposure to Canadian and international investors.”
With today’s launch, IFS Global becomes the 57th corporate listing on the NEO Exchange, complementing NEO’s expanded reach in the natural resources industry. Investors can trade shares of IFS through their usual investment channels, including discount brokerage platforms and full-service dealers.
“With innovation and client centricity at the heart of its corporate value system, IFS Global speaks our language at the NEO Exchange,” said Jos Schmitt, CEO of NEO, and SVP of Global Listings for Cboe Global Markets. “It is an honour to be chosen as the preferred listing venue by yet another purpose-driven and solutions-oriented company in the innovation economy. We look forward to championing IFS Global’s next phase of growth and serving up the many benefits of the Tier 1 NEO stock exchange, including enhanced quality of trading, access to a wider pool of sophisticated investors, and exceptional service and support.”
The NEO Exchange is home to over 250 unique listings, including some of the most innovative Canadian and international growth companies, and ETFs from Canada’s largest ETF issuers. NEO consistently facilitates between 10% and 15% of all volume traded in Canadian-listed companies, and close to 20% of all volume traded in Canadian ETFs. Click here for a complete view of all NEO-listed securities.
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About IFS Global
IFS Global Software Inc. (“IFS Global”) was incorporated in 2005 under the Business Corporations Act (British Columbia) and exists under the laws of Canada. IFS Global operates in Dubai, U.A.E through its wholly owned subsidiary, Interfield Software Solutions LLC (“Interfield Solutions”).
Interfield Solutions is a software company that services numerous industrial segments worldwide including oil and gas, mining, and renewables. Interfield Solutions has two operating divisions: E-commerce and Software as a Service. Equipment Hound, the company’s flagship product of its E-commerce division, is an industrial equipment marketplace that connects buyers and suppliers around the globe. Equipment Hound manages a catalogue of equipment from various suppliers and provides procurement solutions for buyers. It includes features such as requests for quotes, logistics support and third-party verification. ToolSuite, the company’s flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.
Connect with IFS Global: Website | LinkedIn | Facebook
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