ipssvc.exe was produced by LanCom and offers a VPN client service for their range of products. This is a non-essential process.
Disabling or enabling it is down to user preference.
Non-system processes like ipssvc.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that your registry has suffered fragmentation and accumulated invalid entries which can affect your PC's performance. It is recommended that you
check your registry to identify slowdown issues.