Asset Management: Water Desalination Company Chooses IFS Applications To Manage Explosive Growth, International Assets

IFS, the global enterprise applications company, announced recently that Seven Seas Water Corporation has chosen IFS Applications to manage its business and plant infrastructure around the globe.

Headquartered in Tampa, Florida, Seven Seas is growing rapidly organically as well as by acquisition. The management team is building a world-class water company backed by the global private equity firm Texas Pacific Group, venture firm DFJ Element Venture Partners and Douglas Brown, the former chief executive of water purification and desalination company Ionics Incorporated. AquaVenture Holdings LLC, the Group's parent company, was incorporated in late 2006 and, in January 2007, acquired Seven Seas Water Corporation, a Company that has operated in the USVI since 1997.

"We have completed four acquisitions in 2007," Seven Seas Chief Financial Officer John Curtis said. "We needed a very scalable solutionthat was well-supported. And we wanted software that focuses on ourindustry, including finance, enterprise asset management, servicemanagement and other functions important to our company. IFS Applicationswill give us all of these things, and we have confidence in our partners atIFS."

"Seven Seas has needs that IFS is uniquely positioned to meet," saidCindy Jaudon, president and CEO of IFS North America. "If you are managingan asset-intensive enterprise with multiple divisions and locations inmultiple countries, the functionality of IFS Applications is an excellentfit. And since Seven Seas' business model involves managing infrastructureassets for themselves and others, IFS' powerful enterprise asset managementand service management functionality will give them advanced capabilitiesto predict and prevent problems for their customers."

About Seven Seas Water
Seven Seas Water Corporation serves resorts, municipalities as well as other large industrial and commercial users of water by designing, building and managing desalination, wastewater and ultra-pure water plants. Based in Tampa, Florida with current operations in the US Virgin Islands, Turks and Caicos Islands, and St. Maarten, Seven Seas serves customers throughout the Caribbean. The Company is currently the largest private water supplier in the U.S. Virgin Islands Seven Seas has a fleet of containerized water desalination equipment that can be deployed quickly to serve its customers throughout the Caribbean.

About IFS
IFS, the global enterprise applications company, providesERP solutions that enable organizations to respond quickly to marketchanges. The solutions allow resources to be used in a more agile way toachieve better business performance and competitive advantage.

Founded in 1983, IFS has 2,600 employees worldwide. With IFSApplications , now in its seventh generation, IFS has pioneeredcomponent-based ERP software. The component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications is available in 54 countries in 22 languages.

IFS has more than 600,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, contracting, service & facilities management; and utilities & telecom. IFS Applications provides extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities. For more information, visit www.IFSWORLD.com.

IFS prioritizes the energy and utilities industry and has more than 130 customers involved in power generation, transmission & distribution and water &sewage. These include the world's largest hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG (Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid operators such as Svenska Kraftnat (Sweden), Statnett (Norway) and TenneT (The Netherlands) as well as distributors such as Vattenfall (Sweden), Fortum (Sweden), and Hafslund Energi (Norway). Reliable and safe Asset management and workforce management are critical processes in the energy and utility industry, to which IFS has provided solutions for more than 20 years.

SOURCE: IFS