- TD SYNNEX (SNX, Financial) acquires Apptium to enhance its StreamOne platform and expand cloud and XaaS offerings.
- The acquisition is aimed at simplifying complexities in cloud commerce and boosting service offering modernization.
- Apptium will continue as a subsidiary, preserving its innovative culture and expertise.
TD SYNNEX (SNX), a leading global distributor and solutions aggregator for the IT ecosystem, has announced the acquisition of Apptium, a software development company known for its cloud commerce platform. This strategic move is set to accelerate the development of TD SYNNEX's StreamOne platform, enhancing its capabilities in the realm of cloud services and everything-as-a-service (XaaS).
The acquisition strengthens TD SYNNEX’s value proposition by adding Apptium’s innovative platform capabilities. This integration is expected to simplify complexities in cloud commerce and enable TD SYNNEX partners to accelerate time to revenue. Furthermore, the deal brings a wealth of expertise in the technology, communications, services, and managed solutions industries.
Apptium will continue to operate as a separate entity, maintaining its entrepreneurial culture and pace of innovation. This move will allow Apptium to better serve both existing and new customers while contributing to the expansion of TD SYNNEX’s addressable market.
Patrick Zammit, CEO of TD SYNNEX, emphasized the transaction's significance, stating that it will enhance the company’s ability to support ecosystem partners and invest in customer-serving strategies. The acquisition represents a critical investment in TD SYNNEX’s technology solutions orchestration strategy, with a focus on expanding its depth and breadth of offerings.
Based in Reston, Virginia, Apptium, founded in 2014, brings a strong team of IT professionals spread across three continents, serving a diverse range of customers from over 20 countries. The company is known for its platform-as-a-service offering, which facilitates seamless adoption and management of marketplaces, emphasizing rapid implementation and time to revenue.
