News

Softchoice Corp. Bulks up by Acquisition

  • February 01, 2008
Toronto-based Softchoice Corp., a major Microsoft large account reseller, has grown even larger thanks to a recent three-month buying spree. Softchoice, a Gold Certified Partner with $511 million in revenues for the first nine months of its current fiscal year, snapped up three companies with combined total revenues of about $532 million:

Company Date Acquired Sale Price Trailing 12-Month Revenues
Optimus Solutions LLC Jan. 3, 2008 $31.8 million $140 million
Software Plus Inc. Dec. 11, 2007 $45 million $192 million
NexInnovations Inc. Oct. 12, 2007 $10 million $200 million

The acquisition streak -- which the company says is over for now --helped boost Softchoice's payroll from 500 to 800 people.

Featured

  • Nebula

    Ahead of AGI, Microsoft and OpenAI Redefine Their Partnership

    In a recapitalization announced Tuesday, OpenAI has launched a new public benefit corporation (PBC) called OpenAI Group, giving Microsoft a 27 percent ownership stake valued at approximately $135 billion.

  • Veeam Acquires Securiti AI To Unify Data Resilience and AI Security

    Veeam Software is making a strategic move into AI and data security by acquiring Securiti AI for $1.7 billion.

  • Microsoft Adds 'Mico' Virtual Assistant to Copilot in Major Fall Update

    In a significant feature update, Microsoft on Thursday said it is reshaping its Copilot AI platform with features that deepen user personalization and enable real-time group collaboration, among other perks.

  • Nutanix Partner Central Rolls Out To Boost Channel Engagement

    Nutanix on Wednesday launched a new platform, Partner Central, to give its channel partners a unified digital workspace for managing sales, tracking incentives and collaborating more effectively.

Most   Popular