Industrial business software firm IFS has given its agentic AI strategy a boost with the acquisition of TheLoops.
“Our acquisition of TheLoops marks a shift from enterprise software that tracks work to software that does the work,” said IFS.
The result of the IFS/TheLoops combo is an enterprise-grade AI agent platform designed to deliver “resilience, productivity, and measurable ROI” - not as a co-pilot, but as a co-worker, said IFS, while keeping security and governance “in check from day one”.
Combining TheLoops AI agent platform with IFS industry knowledge is said to create agents that:
-Understand the semantics of an industry and business
-Participate in real enterprise workflows side-by-side with humans
-Adhere to customer-defined security, data access, and compliance standards
-Collaborate with specialised agents across integrated domains.
Mark Moffat, IFS chief executive officer, said: “Our customers can leverage intelligent digital teammates who understand their business from day one, agents that speak their industrial language, follow their rules, and operate securely in their workflows. With TheLoops, IFS is extending its lead in Industrial AI.”
“By joining forces with IFS, we're delivering AI autonomous agents that understand the real-world complexity of industrial environments – what work needs to be done, how to do it, and how to do it securely, ethically, and at scale. This isn't experimental, it's transformational,” said Somya Kapoor, CEO, TheLoops.
The value of the acquisition has not been disclosed.
