Ultimo
Ultimo is a Netherlands-based provider of cloud-based AI-augmented Enterprise Asset Management (EAM) software, serving 2,400+ asset-intensive organizations globally across manufacturing, food and beverage, healthcare, logistics, utilities, and chemicals under a three-tier SaaS model.
- Company typePrivate
- Founded1988
- HeadquartersNunspeet, Netherlands
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Ultimo does
Ultimo (legally IFS Ultimo B.V.) is a Netherlands-based provider of cloud-based Enterprise Asset Management (EAM) software, founded in 1988 and operating as a subsidiary of IFS. Its platform centralizes asset data, maintenance workflows, health/safety/environment (HSE) compliance, fleet management, and long-term asset planning for asset-intensive organizations across manufacturing, food and beverage, healthcare, logistics, utilities, and chemical manufacturing. The core product is delivered as a three-tier SaaS subscription (Professional, Premium, Enterprise) with tiered support (Standard, Premium, Platinum 24/7), supported by the free Ultimo Configuration Tool for no-code customization and the included Ultimo Academy for role-based e-learning. The platform is mobile-first, multi-site, multi-language, multi-currency, and certified for integration with SAP S/4HANA, Oracle JD Edwards, Esri ArcGIS, Microsoft Active Directory, Power BI, and AeroScout RTLS, and is built on Microsoft Azure.
Revenue is generated through recurring SaaS subscriptions, tiered support contracts, and implementation services delivered via direct enterprise field sales and a certified partner channel (notably MaxGrip). The company reports 2,400+ customer organizations and 600,000+ users globally, with offices in the Netherlands (Nunspeet HQ), Germany (Wesel), the UK, the USA, and Sri Lanka, serving customers across EMEA, North America, and APAC. The company is the only disclosed external funding is a 2017 investment from Gilde Equity Management; in August 2025 Ultimo acquired FSI, and in 2026 it launched Digital Workers (AI agents for planning, maintenance, and safety) with roughly half of development resources reallocated to this AI roadmap under the leadership of CEO Steven Elsham and CRO Philip Neal.
Ultimo firmographics
Firmographics- Name
- Ultimo
- Legal name
- IFS Ultimo B.V.
- Website
- https://ultimo.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Ultimo is a Netherlands-based provider of cloud-based AI-augmented Enterprise Asset Management (EAM) software, serving 2,400+ asset-intensive organizations globally across manufacturing, food and beverage, healthcare, logistics, utilities, and chemicals under a three-tier SaaS model.
- Ownership category
- akta.pro rank
Ultimo industry classification
Industry- Product category
- Enterprise Asset Management Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Asset & Maintenance Management (EAM/CMMS) Platforms (HDAEAEAM)
Keywords
Where Ultimo is headquartered
LocationHeadquarters
- HQ city
- Nunspeet
- HQ country
- Netherlands
- HQ region
- Europe
Offices5 records
Markets served
Ultimo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- SaaS Subscription (EAM Software): Monthly subscription-based access to cloud EAM platform with three tiers (Professional, Premium, Enterprise). Pricing varies by tier, user count, storage capacity, and flexibility level. Multi-year contracts available.
- Implementation Services: Do-it-yourself implementation for Professional tier, custom estimates for Premium and Enterprise. Implementation partners like MaxGrip provide professional implementation services.
- Support Services: Tiered support offerings: Standard support for Professional, Premium support for mid-tier, and Platinum 24/7 support for Enterprise customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Professional: Out-of-the-box EAM solution with essential functionality, starting at 5 users |
| Subscription | Monthly | Premium: Growth-focused subscription with industry-specific best practices and integration capabilities |
| Subscription | Monthly | Enterprise: Full support for all industries, asset types and users without limitations |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Ultimo product offering
Product offeringCore offering
Ultimo is an AI-enabled Enterprise Asset Management (EAM) software platform delivered as a cloud-based SaaS subscription. The platform centralizes asset data, automates maintenance workflows, and supports HSE compliance across fixed and mobile assets for asset-intensive industries including manufacturing, food & beverage, healthcare, logistics, utilities, and chemical manufacturing. The offering is sold in three subscription tiers (Professional, Premium, Enterprise) with tiered support and includes Ultimo Academy e-learning at no additional cost.
Product overview
Ultimo is an AI-enabled Enterprise Asset Management (EAM) software platform, offered as a cloud-based SaaS solution under three subscription tiers: Professional (entry-level, out-of-the-box, no-configuration, 5+ users), Premium (industry-specific best practices, extensive integrations, 10+ users), and Enterprise (full functionality, unlimited, 50+ users, Platinum 24/7 support). The platform is built around a core EAM engine that unifies asset data, maintenance management, and HSE capabilities across fixed and mobile assets. Key modules include the CMMS Software for workorder and preventive maintenance, the HSE Module for health/safety/environment compliance, the Medical Module for risk-parameterized medical device maintenance, Fleet Management for mobile assets, and the Long Term Asset Planning (LTAP) module for strategic capital budgeting. Ultimo differentiates through its free Ultimo Configuration Tool (UCT) for customization, the included Ultimo Academy for role-based e-learning, and its proprietary EAM Maturity Model and Circle of Collaboration framework. The platform's most advanced AI capabilities are delivered through Digital Workers — autonomous AI agents for planning, maintenance, and safety operations — with the company committing half its development resources to this area. Integration is a core value driver: Ultimo is a certified SAP S/4HANA partner, integrates with Oracle JD Edwards ERP, Esri ArcGIS for spatial/GIS workflows, Microsoft Active Directory for SSO, Power BI for BI/reporting, and AeroScout RTLS for healthcare asset tracking. The platform is built on Microsoft Azure and counts 2,400+ customers and 600,000+ users globally.
Differentiator
Problem solved
Functional benefit
Brands
- Ultimo EAM: AI-enabled Enterprise Asset Management software platform
- Ultimo Academy
- Digital Workers
- Ultimo Configuration Tool (UCT)
- EAM Maturity Model
Products and services
- IFS Ultimo EAM (Enterprise Asset Management) The primary AI-enabled Enterprise Asset Management software platform providing centralized asset data, maintenance management, HSE, fleet, and operations capabilities across fixed and mobile assets. Offered as a cloud-based SaaS subscription with Professional, Premium, and Enterprise tiers for asset-intensive organizations.
- Digital Workers for Maintenance Operations AI-augmented autonomous agents (digital workers) for planning, maintenance, and safety operations. Purpose-built to automate routine tasks, provide real-time guidance to field technicians, and support better maintenance decisions based on asset history and current conditions.
Quantifiable outcome
- 17% productivity gains
- +10 more outcomes
Companies that use Ultimo
Customer profileNamed customers15 records
Segments8 records
Ideal customer profiles5 records
Ultimo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability11 records
Feature7 records
Ultimo partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and key.
- MaxGripcoreImplementation partner supporting EUROGATE Technical Services with asset management transformation. MaxGrip provides strategic expertise with hands-on experience, ensuring measurable performance gains, organizational development, and long-term value creation. They help customers embrace best practices of asset management and manage system transitions.
- IFScoreUltimo is part of IFS group. IFS Ultimo opens the way for EAM excellence since 1988. The group provides parent company resources and brand positioning for enterprise asset management solutions.
- SAPcoreCertified SAP partner with SAP S/4HANA integration. Ultimo operates alongside SAP ERP which remains the backbone for financial and administrative processes. SAP Certified Integration partner status.
- MicrosoftcoreGold Partner status. Uses MS Azure as SAAS Platform Provider with data processing only in region specified by customer. Uses MS Copilot for AI-powered productivity capabilities for IFS Ultimo employees.
- EsrikeyStrategic partnership with Esri for ArcGIS integration. Combined Ultimo EAM with ArcGIS for location-based asset management, enabling spatial data integration into maintenance processes for customers like Mourik Infra.
- OpenAIkeyAPI platform for building AI products. Used for improved user friendliness, efficiency, and effectiveness in data entry within the Ultimo application.
- RijkswaterstaatkeyDutch government agency for public works and water management. Customer Mourik Infra holds maintenance contracts with Rijkswaterstaat and uses Ultimo for asset management compliance with ISO 55001 standards.
- JD Edwards (Oracle)keyIntegration with JD Edwards ERP system for customer Ysco. Enables automatic synchronization of maintenance data, spare parts orders, and administrative processes.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Ultimo competitors and assessment
Company assessmentDirect peers
- IBM Maximo Application Suite: IBM Maximo is the long-standing market-leading EAM/CMMS platform serving asset-intensive industries. It competes head-to-head with Ultimo across manufacturing, utilities, transportation, and healthcare verticals, offering asset management, workorder, and predictive maintenance capabilities at enterprise scale.
- Oracle Enterprise Asset Management: Oracle EAM is part of Oracle's SCM Cloud suite and competes directly with Ultimo for asset-intensive enterprise customers, particularly those already running Oracle ERP/JD Edwards. Both target industrial manufacturers, utilities, and facilities management use cases.
- Infor EAM: Infor EAM is a leading cloud and on-premises EAM platform with strong presence in manufacturing, healthcare, hospitality, and public sector. It directly competes with Ultimo across mid-market and enterprise deals, particularly where deep industry-specific functionality is required.
Broad incumbents
- SAP S/4HANA Plant Maintenance: SAP PM is embedded within SAP ERP/S/4HANA and is the default maintenance module for SAP's massive asset-intensive customer base. Ultimo positions itself as a complementary best-of-breed layer certified to integrate with SAP S/4HANA, but SAP PM remains the incumbent competitor on shared deals.
- AVEVA EAM (Schneider Electric): AVEVA, owned by Schneider Electric, offers EAM solutions as part of a broader industrial software portfolio including PI System and plant operations tools. It competes with Ultimo in process manufacturing, utilities, and infrastructure-heavy verticals.
- GE Digital APM (Meridium): GE Digital's Asset Performance Management suite targets large industrial operators with predictive maintenance and reliability analytics. It overlaps with Ultimo's predictive maintenance and AI roadmap at the upper enterprise tier.
Emerging players
- Fiix (Rockwell Automation): Fiix is a cloud-native CMMS/EAM platform acquired by Rockwell Automation, targeting mid-market manufacturers. It overlaps with Ultimo's Professional/Premium tiers in the manufacturing CMMS category and represents a more modern, mobile-first alternative.
- ServiceNow Field Service Management: ServiceNow FSM extends the Now Platform into field service and asset maintenance workflows, increasingly competing for enterprise maintenance budgets. It targets similar personas (maintenance professionals, executives) as Ultimo but with a broader workflow-platform framing.
- eMaint (Fluke Reliability): eMaint is a cloud-based CMMS owned by Fluke Corporation, focused on small and mid-sized manufacturers. It competes with Ultimo's Professional tier in the CMMS-only buyer segment where full EAM breadth is not required.
- UpKeep: UpKeep is a mobile-first CMMS/EAM platform targeting small and mid-market industrial customers with an emphasis on ease of use and a freemium entry point. It overlaps with Ultimo's lower tiers and represents the modern SaaS-native competitor in the CMMS category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Ultimo social profiles
Digital presenceUltimo compliance and trust
Trust signalCompliance6 records
Ultimo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ultimo leadership team
Management profileNumber of profiles
Profiles5 records
Ultimo subsidiaries and ownership
Company hierarchySubsidiaries2 records
Ultimo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ultimo M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ultimo
What does Ultimo do?
Ultimo is an AI-enabled Enterprise Asset Management (EAM) software platform delivered as a cloud-based SaaS subscription. The platform centralizes asset data, automates maintenance workflows, and supports HSE compliance across fixed and mobile assets for asset-intensive industries including manufacturing, food & beverage, healthcare, logistics, utilities, and chemical manufacturing. The offering is sold in three subscription tiers (Professional, Premium, Enterprise) with tiered support and includes Ultimo Academy e-learning at no additional cost.
Is Ultimo a public or private company?
Ultimo is a private company. It is classified as corporate owned and is currently operating.
When was Ultimo founded?
Ultimo was founded in 1988. It employs 251 to 500 people.
Where is Ultimo based?
Ultimo is headquartered in Nunspeet, Netherlands, in the Europe region.
How does Ultimo make money?
Three revenue lines are on record. SaaS Subscription (EAM Software) is the primary driver. The others are implementation Services and support Services.
Who are Ultimo's main competitors?
Direct peers on record are IBM Maximo Application Suite, Oracle Enterprise Asset Management and Infor EAM. Broad incumbents are SAP S/4HANA Plant Maintenance, AVEVA EAM (Schneider Electric) and GE Digital APM (Meridium). Emerging players are Fiix (Rockwell Automation), ServiceNow Field Service Management, eMaint (Fluke Reliability) and UpKeep.
Does Ultimo have an API?
No public API is recorded for Ultimo.
What industry is Ultimo in?
Ultimo's product category is Enterprise Asset Management Software. Its primary akta.pro industry code is HDAEAEAM, Asset & Maintenance Management (EAM/CMMS) Platforms. Its NAICS code is 54151 and its SIC code is 7370.