TD SYNNEX, a leading player in the electronic equipment industry, has acquired Apptium, a software development company that provides cloud commerce platform solutions. The acquisition aims to strengthen TD SYNNEX’s technology solutions orchestration strategy and expand its cloud and everything-as-a-service offerings.
Apptium previously served as a key partner in the development of TD SYNNEX’s StreamOne platform, which forms the foundation of the company’s digital business orchestration strategy. With annual revenue exceeding $60 billion and a healthy EBITDA of $1.67 billion, TD SYNNEX demonstrates strong operational execution in its digital transformation initiatives.
Founded in 2014 and based in Reston, Virginia, Apptium will continue to operate as a wholly owned subsidiary to maintain its entrepreneurial culture and innovation pace. The acquisition brings together expertise in technology, communications, services, and managed solutions industries.
Apptium’s platform-as-a-service offering enables companies to implement marketplaces with an emphasis on configuration over code, supporting accelerated implementation and streamlined management.
Source: Appitum
Source: Investing.com
