M&A Deal Summary

IFS Acquires Poka

On June 20, 2023, IFS acquired internet software and services company Poka

Acquisition Highlights
  • This is IFS’s 4th transaction in the Internet Software and Services sector.
  • This is IFS’s 3rd transaction in Canada.
  • This is IFS’s 1st transaction in Quebec.

M&A Deal Summary
Date 2023-06-20
Target Poka
Sector Internet Software and Services
Buyer(s) IFS
Deal Type Add-on Acquisition

Target

Poka

Quebec, Quebec, Canada
Poka is a connected worker platform built specifically for manufacturers. Poka's mission is to provide a hub for operational knowledge in factories by empowering workers to learn, share and collaborate right from the production floor. Poka was founded in 2014 and is based in Quebec City.

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Buyer(S) 1

Buyer

IFS

Linköping, Sweden
Category Company
Founded 1983
Sector Software
Employees3,700
DESCRIPTION

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service. IFS was founded in 1983 and is based in Linköping, Sweden.

DEAL STATS #
Overall 16 of 19
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 14 of 17
State (Quebec) 1 of 1
Country (Canada) 3 of 4
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 IFS Energy & Resources

Denver, Colorado, United States

IFS Energy & Resources is an independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies globally rely on IFS’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. IFS Energy and Resources possesses more than 90 years of experience in data and 30 years in software and has offices around the world. IFS Energy & Resources is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Falkonry

Cupertino, California, United States

Falkonry is an AI software platform for time series data, enabling industrial organizations to improve operational productivity, reduce risk, and put an end to unplanned downtime. Falkonry was founded in 2012 and is based in Cupertino, California.

Buy -
Mergr

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