IFS acquires POKA

On June 20, 2023, IFS announced that it had signed a definitive agreement to acquire POKA, INC. ("POKA"), the market leading Quebec-based provider of a connected worker platform, from the shareholders of POKA. 

POKA enables factory and field workers to be more efficient across all aspects of their jobs from training and development to troubleshooting. This capability enables businesses to measure productivity across machinery and operators globally and therefore provides a clear insight into profitability. POKA also provides actionable insights for companies to stay compliant and provide safer working conditions as part of their ESG goals.

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.

McRock Fund II LP, an institutional investor, was a selling shareholder of POKA. Derek Keay of Gowling WLG advised McRock with respect this transaction.