Ultimo

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.

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

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

• Enterprise asset management
• CMMS software
• Maintenance management
• Cloud EAM platform
• Asset lifecycle management

Headquarters

HQ city

Nunspeet

HQ country

Netherlands

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. 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.
2. Implementation Services: Do-it-yourself implementation for Professional tier, custom estimates for Premium and Enterprise. Implementation partners like MaxGrip provide professional implementation services.
3. Support Services: Tiered support offerings: Standard support for Professional, Premium support for mid-tier, and Platinum 24/7 support for Enterprise customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core 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

Named customers15 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability11 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and key.

• MaxGripcoreImplementation/ SI/ Consulting Partner · 29 May 2026Implementation 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.
• IFScoreStrategic or Co-development PartnerUltimo 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.
• SAPcoreTechnology or IntegrationCertified 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.
• MicrosoftcoreTechnology or IntegrationGold 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.
• EsrikeyTechnology or IntegrationStrategic 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.
• OpenAIkeyTechnology or IntegrationAPI platform for building AI products. Used for improved user friendliness, efficiency, and effectiveness in data entry within the Ultimo application.
• RijkswaterstaatkeyOthersDutch 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)keyTechnology or IntegrationIntegration 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

Direct 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

• LinkedInlinkedin.com/company/ultimo-software-solutions-bv
• Facebookfacebook.com/UltimoSoftwareSolutions

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ultimo