🤖 Search 5,000+ AI tools Ask our bot for help →

Discover the latest tools and trends in AI 🔮

Join 60,000+ subscribers including Amazon, Apple, Google, and Microsoft employees reading our free newsletter.

[email protected] Subscribe

IFS acquires Copperleaf in strategic buyout

IFS, a Linköping, Sweden-based provider of cloud and industrial AI software, has acquired Copperleaf Technologies Inc. The amount of the deal was not disclosed.

Copperleaf Technologies is a Vancouver-based company specializing in decision analytics software for asset-intensive industries. Their software aids companies in optimizing investment decisions, serving clients like ONE Gas and National Grid.

Led by CEO Paul Sakrzewski, Copperleaf brings advanced AI-driven asset investment planning capabilities. IFS, under CEO Mark Moffat, aims to integrate this with its enterprise software platform to enhance efficiency and effectiveness in asset management.

The acquisition remains subject to court and regulatory approvals, expected to close in Q3 2024. This strategic move combines complementary software solutions, further empowering organizations to optimize asset management throughout their lifecycle.