Sweden-based IFS, provider of cloud and Industrial AI software, acquired Copperleaf Technologies Inc., a Vancouver British Columbia, Canada-based provider of decision analytics software for asset-intensive industries.
The deal’s total value was not made public. The complementing features of IFS and Copperleaf together give businesses more software capabilities. In order to maximise operational efficiency and effectiveness, customers will have access to cutting-edge Industrial AI-powered software for managing every aspect of the assets that are vital to their business, throughout their lifecycle.
Under the direction of CEO Paul Sakrzewski, Copperleaf is a cutting-edge supplier of AI-powered enterprise Asset Investment Planning and Management (“AIPM”) software to businesses in the transportation, energy, natural gas, water, and pharmaceutical sectors.
Customers may make better decisions about where and when to invest in their businesses by using the data and insights provided by the programme. National Grid, Manitoba Hydro, and ONE Gas all utilise it.
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Under the direction of CEO Mark Moffat, IFS creates and provides enterprise software to businesses globally that produce and market commodities, construct and maintain assets, and oversee activities that are service-oriented. Its industry-specific products leverage embedded digital innovation and are tied to a single data model within its single platform.
The transaction’s completion is contingent upon normal requirements, such as regulatory approval under the Canadian Competition Act, court permission, and shareholder and Copperleaf consent. The purchase of Copperleaf is expected to close in the third quarter of 2024, subject to the fulfilment of these and the other closing conditions outlined in the arrangement agreement.
About Copperleaf
Copperleaf offers enterprise decision analytics software solutions. Their clients are empowered to make investment decisions that maximise business value through their utilisation of operational and financial data. Their exceptional experiences, crafted by enduring partnerships and truly caring individuals, are what distinguish them from the competition. They also take pride in their industry-leading products.
About IFS
IFS creates and provides enterprise software to businesses all over the world that run operations that are service-oriented, create and maintain assets, and manufacture and distribute commodities. Their industry-specific solutions leverage embedded digital innovation and are inherently linked to a single data model within their unified platform, enabling their customers to perform at their peak at the Moment of Service.
