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AI Stocks in Play - Copperleaf Technologies Inc. (TSX: CPLF.TO) Soars on IFS Acquisition

 

June 11, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, including AI stocks reports on trading for Copperleaf Technologies Inc. (TSX: CPLF).

The stock has made the TSX top percentage gainers list following news of an acquisition. The stock is trading at $11.88, up $1.73, gaining 17.00% on over 1.5 million shares. The stock had a morning high of $11.90.

IFS, the leading technology innovator in cloud and Industrial AI software, today announces it has entered into a definitive agreement to buy Copperleaf Technologies Inc. (TSX: CPLF).

As the most advanced provider of AI-powered enterprise Asset Investment Planning and Management ("AIPM") software, Copperleaf offers compelling capabilities that add further depth to IFS's position as the foremost global Enterprise Application Software provider for Asset and Service centric industries.

The combination of Copperleaf and IFS is highly complementary, offering organizations an unparalleled breadth and depth of software capabilities. Customers will have access to advanced Industrial AI-powered software to manage every element of the assets that are so crucial to their business - across their lifecycle - in order to drive efficiency and effectiveness in their operations.

Over two trillion dollars of physical and digital assets around the world are managed using Copperleaf software, which provides data and insights to help customers optimize decisions on where and when to invest in their business. Its software is relied upon by some of the world's largest and most respected organizations in the electricity, natural gas, water, energy, pharmaceutical and transportation industries such as: ONE Gas; one of the largest publicly traded, 100 percent-regulated natural gas utilities in the United States, Manitoba Hydro; one of the largest integrated electricity and natural gas distribution utilities in Canada, and National Grid; one of the world's largest publicly listed utilities.

Mark Moffat, CEO of IFS, commented: "IFS continues to build on its position as the global software leader for Asset and Service management, powered by Industrial AI. I am deeply excited about what Copperleaf brings to our extended customer offering. We combine two companies built on the same principles: world class innovative technology with unrivalled time to value, asset and industry expertise delivering exceptional ROI, and organizational cultures that have always put the customer at the center of everything they do."

Read the company's full news and disclaimer here:

https://ca.finance.yahoo.com/news/ifs-acquire-copperleaf-131600671.html

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