AGF Management Ltd. announced on Monday that Burns e-Commerce Solutions Ltd. has acquired Investmaster Group Ltd. The transaction closed Monday and terms were not disclosed.

Investmaster, formerly a wholly owned subsidiary of AGF, supplies software products and services to the private wealth market in Britain. Burns’ Business Exchange Service manages £25 billion of transactions on behalf of a number of multi-national corporations and their European and global supply chains.

“With the divestiture of Unisen in 2005 and now Investmaster, AGF’s remaining operations represent our core businesses,” said Blake Goldring, chairman and CEO, AGF Management Ltd. “Our time and effort will now be devoted to continuing the impressive growth of our core investment management business, and our strategically important trust company operations.”