Dan Matthews
DAN MATTHEWS
Chief Technology Officer
IFS
Enterprise SaaS ERP Software
2025 TOP 30 EMEA CTOs 2025

Career History

IFS is a Swedish-headquartered enterprise software firm specialising in ERP, enterprise asset & service management, and cloud solutions. With more than 7,000 employees and annual revenues around €1.2bn, the company has been expanding rapidly as it enters its Industrial AI era. Dan Matthews has served as Chief Technology Officer, guiding technology strategy, platform architecture and engineering execution as IFS accelerates into its Industrial AI era.

Under his leadership, the company has released “IFS Cloud 25R1” (May 2025), featuring new Industrial AI capabilities such as IFS.ai Operation Time Prediction and Copilot for FMECA, aimed at boosting autonomous operations and predictive maintenance. He also oversaw the launch of IFS Applications 10, which brought over 500 new capabilities including modernised APIs, a reimagined user experience and cloud-friendly microservices integrations.

Matthews has spent nearly three decades with IFS, steadily stepping up the career ladder through senior technical and strategic roles. Matthews holds an MSc in Computer Science and Software Engineering from Linköping University.

About IFS

IFS has reported its strongest full year yet in FY 2024, crossing €1.228bn in total revenue with annual recurring revenue (ARR) growing by 32% year-on-year. Cloud revenue rose 38% in that year, while recurring revenue grew increasingly central, now accounting for over 80% of the total. The company is majority-owned by EQT, with Hg and TA Associates as significant minority stakeholders. In early 2025, IFS also attracted new investment via a €3bn stake transaction that valued it at around €15bn, bringing in investors such as Abu Dhabi Investment Authority and Canada Pension Plan Investment Board.

IFS continues to win large customers, adding over 350 new clients in FY 2024, including major enterprises such as Comcast, E.On, Rolls-Royce Power Systems, Saudi Electricity Company and TotalEnergies. These gains reflect growing demand for IFS.ai and the company’s efforts to embed Industrial AI into its Cloud product offerings.

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