Element Financial Corporation announced that Element, ECN Capital and 2510204 Ontario Inc. have entered into a definitive agreement with INFOR Acquisition Corp., whereby ECN Capital will acquire all of the issued and outstanding shares in the capital of IAC following completion of the Separation Transaction. Immediately following completion of the IAC Acquisition, Neil Selfe (currently Chief Executive Officer of IAC) and William (Bill) T. Holland (a current director of IAC) will be appointed as directors to the board of ECN Capital. Mr. Selfe will also join the ECN Capital management team as Executive Vice Chairman.