MONTREAL—On Friday Komunik announced that it would be sold to an unnamed investment management company.

Komunik, which has been operating under creditor protection since November, said the sale has “numerous benefits” and that the purchaser will be responsible for hiring all Komunik’s employees. The deal is subject to court approval, and expected to be finalized sometime in March.

Komunik was formed by the merger of Komunik and Datamark Systems Group in June 2007, and employs 629 people across Canada.