The Toronto-based legal software company said it’s considering selling non-core assets—including potentially some or all of its financial services business—in a bid to improve its ratio of debt to adjusted earnings (before interest, taxes, depreciation and amortization) “as soon as possible.” Its Toronto-listed shares closed up 12.5 per cent on Monday. (The Logic)

Talking point: The strategy to sell off assets marks a potential about-face for the company, which had pursued major financial-services acquisitions, like Telus’s Financial Solutions, in a bid to diversify. Dye & Durham has faced regulatory scrutiny and struggled to close major deals—including a proposed takeover of Australian data manager Link—over the past two years. There have also been complaints about price hikes. “Despite our strong business performance and liquidity position, we understand our shareholders would like us to reduce our leverage ratio,” CEO Matthew Proud said in a press release Monday.