IFS Selected By New Zealand Utility Company Metrix For Smart Metering Rollout

Melbourne, April 7^th 2010: IFS, the global enterprise applications company, today announced that it has signed a deal with New Zealand utility company Metrix as part of its Smart Metering Rollout.

Metrix is a division of Mighty River Power and the leading electricity meter owner and operator in greater Auckland. The companyprovides residential and commercial metering equipment, including load control devices throughout the North Island to all electricity retailers and also supplies services to the wider electricity industry.

Metrix has already deployed more than 100,000 smart meters in Auckland, and is well on the way to completing its Auckland roll out. Smart meters will provide services to both consumers and utilities, including the ability to read, connect or disconnect meters remotely, as well as respond faster to power outages.

A selection process was conducted to ensure the eventual vendor would help Metrix take their business to the next level and achieve a return on investment. “IFS provided us with more flexibility than their competitors, not only in terms of implementation but also how seamlessly it would integrate with the existing IT infrastructure, which is essential to the growth of the business. The IFS team gained our trust very quickly, had an excellent understanding of our industry and were a pleasure to work with throughout the selection process,” said Mark Thompson, IS Manager, Metrix.

Preparations for the implementation of the new IFS ERP system are already well under way, currently in the design phase of the project.

“We are delighted to help Metrix through the transition to smart metering, providing their customers with quality data and operational efficiency. The utility industry is a key market focus for IFS and we have a significant amount of experience in this area. This contract with Metrix highlights a real demand for an enterprise applications alternative and we look forward to increasing our market share further in Australia and New Zealand,” said Rob Stummer, Managing Director, IFS, ANZ.

IFS Customers in Australia and New Zealand include AB Equipment, Dairy Australia, Lufthansa Technik Qantas, Uhde Shedden, Hawker Pacific, Visy and Globus Group.

About Metrix

Metrix is an established metering service provider in the electricity industry.Evolving out of the Auckland Electric Power Board, Metrix draws on more than 80 years of asset management expertise and is one of themost experienced players in the energy sector. Metrix provides metering and associated services to New Zealand's major electricity retailers. Metrix has embarked on a full advanced meteringroll-out to its current asset base. More information about Metrix is available at www.metrixinfo.co.nz

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2009 was SKr 2.6 billion.

More information on IFS is available at www.IFSWORLD.com.