TD Synnex Acquires Apptium to Accelerate Everything-as-a-Service Offerings

TD Synnex announced that it has acquired Apptium, a software development company and provider of a cloud commerce platform. Prior to the acquisition, Apptium acted as a key partner and enabler to the distributor’s StreamOne orchestration platform, and the combination of this technology, and industry and technical expertise is expected to further advance the platform’s development.

“Bringing this technical expertise to TD Synnex allows us to execute on our strategy and continue investments in serving our customers as well as the incoming customers of Apptium,” said Patrick Zammit, the distributor’s CEO. “Through this platform we will strengthen support for our ecosystem partners and expand our addressable market over the next several years.”

Founded in 2014 and based in Reston, Virginia, Apptium brings a team of IT professionals and centers of excellence across three continents, serving brands from more than 20 countries across the Enterprise, B2B and B2C markets. The company has developed a platform-as-a-service offering that enables companies to adopt and implement marketplaces that promise accelerated implementation, streamlined management, and accelerated time to revenue over a single pane of glass.

In addition to underpinning StreamOne, Apptium also brings to the table a robust billing/subscription management platform.

“This transaction is fantastic news both for the vendors and customers of TD Synnex and those of Apptium, as it will drive greater value in our platform and depth of offerings,” said Rick Kapani, Founder and CEO, Apptium. “Moreover, it is a testament to our team members’ hard work and dedication to making Apptium into the businesses it is today.”

As a wholly owned subsidiary, Apptium will continue to function as a separate organization to preserve and sustain its culture and its product roadmap. Founder Rick Kapani will continue to lead the business as General Manager and Senior Vice President, reporting to Chief Strategy and Technology Officer Sergio Farache. Apptium will also continue serving its existing customers via the Apptium Cloud Commerce Platform.

Channel Impact^®
The addition of Apptium and its platform capabilities is expected to enable TD Synnex partners to accelerate time to revenue, and modernize and manage their service offerings – including technology goods, as well as agentic AI, SaaS, IaaS and XaaS capabilities. The combined entity has expertise in the technology, communications, services and managed solutions industries, as well as digital service delivery.