BOX will remain a separate unit of its San Francisco-headquartered acquirer, but the two will connect their software platforms, said Andy Ellerhorst, AppDirect vice-president of corporate development. Suffern, N.Y.-based BOX’s 40-plus staff will all join AppDirect’s workforce of over 1,000. (The Logic)
Skip to content
BOX will remain a separate unit of its San Francisco-headquartered acquirer, but the two will connect their software platforms, said Andy Ellerhorst, AppDirect vice-president of corporate development. Suffern, N.Y.-based BOX’s 40-plus staff will all join AppDirect’s workforce of over 1,000. (The Logic)
Talking point: Brokers working for businesses like residential building owners and industrial facilities use BOX’s platform to source power from utilities. The acquisition brings AppDirect into the energy market. Co-founded by Canadians Nicolas Desmarais and Daniel Saks, the company offers software that tech firms use to sell services to clients, and that businesses use to buy those services. AppDirect, which has a sizable Montreal office, has raised more than US$500 million in equity financing to date, Ellerhorst said. Backers include Inovia Capital, Caisse de dépôt et placement du Québec, and Kensington Capital Partners.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Governments, oilsands giants reach deal to push ahead with carbon capture project
Briefing
CPP Investments backs German defence startup Helsing’s US$1.8B funding round
Ford and Unifor reach tentative deal
General Fusion shares begin trading on Nasdaq after SPAC deal finalized
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
