Today, AppDirect, a Canadian cloud commerce platform, announced it has acquired TSD Global, a leading technology and strategic management consultancy. By acquiring TSD, AppDirect is further strengthening its IT strategy, development, and professional services capabilities.
AppDirect helps merchants and businesses transform their digital services through direct-to-consumer channels, such as cloud commerce and connected commerce. With the addition of TSD Global’s strategic technology offerings, AppDirect will be able to offer leading-edge digital services to its customers.
TSD Global provides services across the digital transformation spectrum, including strategy, practices, technology, and automation. With its focus on true partnership, TSD helps companies make material digital advances and digital experiences. Clients of TSD Global gain access to best-in-class thought leadership and consulting services, delivering value-driven and innovative digital solutions.
The acquisition of TSD Global by AppDirect will enhance the latter’s ability to serve customers around the world. AppDirect customers will now benefit from TSD Global’s deep sectoral expertise, its agile technology studio, and its end-to-end process improvement capacities. This combination of AppDirect and TSD Global’s extensive capabilities will result in improved customer experiences for AppDirect customers and partners.
AppDirect CEO Daniel Saks made the following statement on the acquisition of TSD Global: “We have long admired TSD Global’s ability to understand and solve complex technology needs. We are excited to integrate their talent, technology, and expertise into AppDirect. Our goal is to equip our customers and partners with the tools they need to succeed and to empower them to build unique digital experiences. We are confident that with TSD Global’s capabilities, we can continue to lead the way and empower businesses around the world.”
This acquisition is another step in AppDirect’s global strategy to expand its capabilities and offer its customers world-class services. With the addition of TSD Global to the AppDirect product suite, the company is positioning itself as a leader in the digital transformation industry and continuing to take steps to cement its place as one of the most innovative cloud commerce providers. [ad_1]
B2B membership commerce company AppDirect, backed by private equity organization CDPQ, has obtained TBI, a engineering service aggregator and distributor in North The us. Monetary phrases of the offer were being not disclosed, but the companies reported Mesirow Expenditure Banking served as the exceptional financial advisor and Vedder Cost served as authorized advisor to TBI on this transaction.
This is know-how M&A deal selection 27 that ChannelE2E has lined so considerably in 2023. See extra than 2,000 technologies M&A discounts involving MSPs, MSSPs & IT services companies shown right here.
AppDirect Acquires TBI
AppDirect, started in 2009, is primarily based in San Francisco, California. The company has 656 employees stated on LinkedIn. AppDirect’s locations of skills consist of cloud services market and management platform, cloud services and application distribution, electronic overall economy, end-to-conclusion cloud commerce platform and membership commerce.
TBI, launched in 1991, is primarily based in Chicago, Illinois. The corporation has 437 workers stated on LinkedIn. TBI’s parts of skills incorporate telecommunications, inside of income, cloud, community alternatives, WAN, technological know-how distributor, telco, 3rd-celebration distributor, IoT, mobility, CCaaS and UCaaS.
AppDirect mentioned the acquisition adds headcount to its team of technology advisors and enables it to develop its expert services reach to additional customers, the organizations stated. AppDirect said it will protect existing channel husband or wife interactions, but the acquisition is already foremost to numerous layoffs, in accordance to experiences from earlier this week when the acquisition was introduced.
For present-day AppDirect advisors, TBI’s engineering and academic sources will provide them with an improved stage of support and enablement. TBI advisors will extra simply uncover, purchase, and take care of technological innovation remedies and broaden their portfolios, the corporations claimed.
AppDirect Acquires TBI: ‘A Crowning Achievement’
Nicolas Desmarais, chairman and CEO, AppDirect
Geoffrey Shepstone, president, TBI
Nicolas Desmarais, chairman and CEO, AppDirect, commented on the information:
“I’m thrilled to welcome TBI into the AppDirect group. This is a crowning achievement that gives form to the marriage-based mostly marketplace approach we imagine is the way of the potential for B2B commerce. By combining the electricity of our platform and our total ecosystem with TBI’s strategy to the advisor-business enterprise romantic relationship, we can present a stage of service for advisors that goes effectively over and above what has been accomplished just before,” he included.
Geoffrey Shepstone, president, TBI, extra:
“Our advisors will now have access to the world’s most diversified and premier catalog of technology solutions, creating it easier for them to market and cross-sell a a great deal larger vary of products and solutions to their shoppers, and generate new sources of income. They will also be ready to deal with their whole business in a single put. The AppDirect system supplies businesses and companions with entry to identity administration, info visualization, workflow and programs administration solutions to assistance them deal with all of their technology by the AppDirect Market,’ he additional.
AppDirect M&A Exercise
AppDirect is no stranger to M&A. In February 2022, AppDirect acquired Canada’s ITCloud.ca to broaden the combined company’s existence and scale ITCloud.ca’s company and portfolio.