AppDirect

AppDirect, a leader in B2B subscription commerce, announced plans to acquire vCom Solutions, an IT lifecycle management firm. This acquisition brings vCom’s vManager® platform, which offers AI-powered IT spend management, into AppDirect’s ecosystem, expanding capabilities for advisors and their clients.

vCom’s Buyers’ Club, QuantumShift, will also join the AppDirect platform, enhancing procurement options for network, cloud, and hardware solutions. AppDirect CEO Nicolas Desmarais emphasized this move as transformative, adding depth to AppDirect’s advisor offerings and driving new revenue streams. The acquisition awaits regulatory approval and involves spinning off vCom’s direct sales team.

Want to know more? Check out the source code on BusinessWire.

AppDirect, a leader in B2B subscription commerce, has secured a $100 million investment from CDPQ. This funding enhances the AppDirect Capital Invest program, increasing total funding to $180 million. Launched in 2021 with $80 million from CDPQ, the program offers flexible capital to technology advisors for business transformation and scaling while maintaining ownership.

Emanuel Bertolin, Chief Revenue Officer at AppDirect, emphasizes the program’s role in providing quick capital access in a dynamic market. Marc Cormier, Executive Vice-President at CDPQ, commends AppDirect’s impact on business connectivity. Nicolas Desmarais, CEO of AppDirect, highlights the partnership’s commitment to advisor growth and innovation.

Want to know more? Check out the source code on BetaKit.com.