IFS signs deal to buy Copperleaf Technologies in agreement valued at $1 billion

VANCOUVER — Copperleaf Technologies Inc. has signed a deal to be acquired by IFS AB in an agreement valued at about $1 billion.

Under the deal announced before markets opened Tuesday, IFS will pay $12 per share for all of Copperleaf’s issued and outstanding common shares.

Copperleaf shares were up $1.71 or 17 per cent at $11.86 in early trading on the Toronto Stock Exchange.

Vancouver-based Copperleaf specializes in AI-powered asset investment planning and management software for businesses.