AppDirect Announces Upcoming Acquisition of vCom Solutions
AppDirect, a San Francisco-based company with a B2B subscription commerce platform, announced its intent to acquire vCom Solutions, an IT lifecycle management software and managed services company. Delivering software and managed services to organizations for over two decades, vCom supports IT and finance organizations through the lifecycle management of their IT environment, from procurement to payment. With this acquisition, AppDirect’s advisors and their end customers will gain access to vCom’s AI-powered software platform, vManager and vCom’s suite of IT spend managed services, while also gaining access to vCom’s Buyers’ Club, QuantumShift.
“By augmenting AppDirect’s current technology management functionality with the depth and breadth of the vManager platform, AppDirect will be able to empower our advisors to offer the world’s most comprehensive IT procurement and management platform to organizations of all sizes,” said Nicolas Desmarais, AppDirect’s Chairman and CEO. “vCom’s offering will also allow AppDirect advisors to provide additional value to their end businesses, elevating their trusted consultancy and increasing revenue.”
The acquisition is subject to customary closing conditions, including regulatory consents. Prior to closing of the transaction, vCom will spin out its direct sales team and branded franchise advisors to become an exclusive partner to AppDirect, enabling it to expand into new markets and areas of differentiation. Terms were not disclosed.
Channel Impact®
By acquiring vCom, AppDirect will add technology capabilities expected to further its effort to become the single platform for buying, selling, and managing recurring technology services through advisors.
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