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　TOKYO, Japan, July 10, 2012 - Works Applications, Inc. (WAP), a leader in innovation in cloud and industrial AI software, today announced the formation of a strategic business alliance with IFS, a leader in cloud and industrial AI software. The alliance will provide a new option for customers facing challenges around their core systems by combining the high business coverage of WAP's HUE ERP for large enterprises, which is well versed in Japanese business practices, with the advanced functionality of IFS Cloud, IFS' diverse suite of solutions.

New possibilities for two-tier ERP and composable ERP

　WAP and IFS have formed a strategic business alliance to help customers improve their core system investments and operational efficiency in the Japanese large enterprise market. The alliance will focus on the emerging ERP trends of "two-tier ERP" and "composable ERP," promoting flexible system architecture with advanced standard features to meet the business needs of different countries and regions, and offering proposals to achieve "full standardization" and "de-add-ons.

　WAP's "HUE" ERP for large enterprises boasts more than 6,700 standard functions and a high business requirement conformance rate (Fit rate of more than 97%*), and has established a solid position in the Japanese market for large enterprises. Meanwhile, IFS' "IFS Cloud" has 27 years of experience in the Japanese market and has been implemented globally by more than 6,000 companies, earning it a strong reputation for production management in Japan and globally.

　The alliance will focus on providing best practices optimized for the culture and needs of the countries and regions where it is deployed, with the aim of achieving "full standardization" and "de-add-ons". In particular, the alliance will flexibly support Japanese business practices through the integration of the domestically produced ERP "HUE" and "IFS Cloud" as a solution for customers who have issues with standard functions related to Japanese business practices. In addition, for global expansion, IFS will promote the construction of two-tier ERP and composable ERP using "IFS Cloud".

*According to our own research, the percentage of RFPs responded to in the last 12 months with standard features.

About IFS

As a provider of enterprise cloud software, IFS develops and delivers solutions to companies worldwide to support "manufacturing," "supply chain," "facilities maintenance," and "service-centric businesses." IFS' industry-specific requirements for its The products are on one platform, inherently tied to a single data model, and use embedded digital innovation. This allows our clients to do what they do best when it really matters to them: the "moment of service. IFS consultants with deep expertise in their respective industries and an ever-expanding ecosystem have made IFS a recognized industry leader and highly valued by its clients. Today, IFS employs 6,500 people and serves more than 6,000 customers worldwide with its own offices and partners. For more information, visit ifs.com/en.

About Works Applications

Works Applications was founded in 1996 as an ERP package vendor in Japan. With innovative solutions such as no-customization and free version upgrades, we have supported the growth of our customers, mainly major Japanese companies. Believing in the potential of each individual, we aim to be a "growth engine" that maximizes the value of companies and individuals, and we will continue our pursuit of turning "work" into "creation" and making "work" fun.

*Company names, product names and service names are trademarks or registered trademarks of their respective companies.
*The information in this release is current as of the date of publication, and is subject to change or withdrawal without notice. Please be aware that the forecasts and other forward-looking information contained in this release are uncertain and may differ from actual results.