Copperleaf acquired by IFS for $1 billion

Copperleaf, the investment-decision analytics company, has been acquired for CAD $1 billion by IFS, a Swedish enterprise software firm. Copperleaf’s shares will be delisted from the Toronto Stock Exchange (TSX) as part of the agreement. 

What Copperleaf does: Navigating capital projects can be an “arduous, siloed, and subjective process.” Copperleaf’s tech helps companies prioritize high-impact investments, adapt to changes in regulatory and market conditions, and achieve sustainability goals. According to the company, it now manages over $2.9 trillion in assets globally and has a 100 per cent customer retention rate. IFS’s support will help Copperleaf expand into new markets and geographies and build on its asset management capabilities.

Why it matters: Copperleaf is one of a handful of Vancouver companies that recently went private and were delisted from the TSX as a result. In April, MediaValet, a digital asset management company, was acquired and unregistered from the exchange. BBTV, the multi-channel network for online creators — and a fellow unicorn — was also taken private in November.

What IFS is saying: The acquisition marks a “watershed moment” in the evolution of decision-making for the industries that IFS serves, which include aerospace and defence, energy, construction, and engineering. “By combining Copperleaf’s decision analytics with IFS’s robust enterprise solutions, businesses will be able to make more informed, real-time decisions — giving them a powerful competitive advantage in navigating complex and volatile economic environments,” said Mark Moffatt, CEO of IFS, in a press release. 

Cases: Network Rail — which owns, operates, and develops Britain's railway infrastructure — uses Copperleaf to integrate diverse assets for long-term investment planning, helping it optimize its $1 billion budget. Energy company National Grid is also leveraging the company to manage aging infrastructure. The outcome? Savings of CAD $7.8 million over five years and reductions in network outages.

Don't miss out on what’s happening in your backyard. Subscribe or become a member of Vancouver Tech Journal.