This is technology M&A deal number 175 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021 and 2020 listed here.
AppDirect Acquires ITCloud.ca
The acquisition expands AppDirect’s geographical footprint into Canada while ITCloud.ca will be able to “significantly” scale its existing business and expand its portfolio of solutions, the companies said.
Founded in 2005 as an online backup and recovery company, ITCloud.ca provides a portfolio of cloud solutions for more than 1,200 technology partners that serve business customers across Canada.
Combining ITCloud.ca’s Microsoft Azure and Business 365 experience with AppDirect's AppSmart Dynamics 365 capabilities will give ITCloud.ca and AppSmart Advisors access to end-to-end Microsoft Cloud capabilities, the companies said.
As part of the acquisition, AppDirect says it will onboard the existing leadership team of ITCloud.ca and enable the teams to offer additional solutions with over 1,000 products currently available from its AppSmart B2B technology marketplace and ecosystem, which connects technology buyers with expert advisors.
AppDirect Acquires ITCloud.ca: Leadership Insight
Renée Bergeron, senior vice president and general manager, AppSmart, commented:
“I’m thrilled to welcome ITCloud.ca to the AppDirect family, which will enable us to jointly enhance the opportunities and services ITCloud.ca delivers to its technology partners in Canada. I'm also thrilled that as part of the acquisition, we will be onboarding the phenomenal team that built ITCloud.ca into what it is today.”
Mirco Cristoni, president, ITCloud.ca, said:
“We believe our partners will greatly benefit from this new relationship by combining AppDirect’s strong global industry depth and leadership with our relationships and expertise in helping our partners digitally transform their customers. Our partners will have access to more services, solutions and tools to grow their business while enjoying the same relationships at ITCloud.ca that they have had for the past 17 years.”