IFS completes Copperleaf acquisition, extending EAM into the realms of financial planning
Summary
Enterprise applications vendor IFS closed its latest acquisition yesterday, sealing a CAD $1 billion (USD $742 million) purchase of Copperleaf, which provides asset investment planning software. Moffat explains: Copperleafs global customer base is concentrated among utility companies in the water and energy sector and in transportation industries. Earlier this year, the acquisition of EmpowerMX consolidated IFSs existing presence in Maintenance Repair and Operations (MRO) for the aerospace and defense industries. Moffat gives an example of an engineer out in the field who needs some ad-hoc help at the point of service delivery: IFS continues to find acquisition targets that round out its offerings, while staying focused on its established strengths. Moffat, who picked up the CEO reins at the beginning of this year, believes that the need to monitor and reduce carbon emissions makes this even more of a growth area in the industries IFS serves.
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