World Wide Technology Acquires Softchoice
December 31, 2024
World Wide Technology (WWT) completed its acquisition of Softchoice Corporation pursuant to a plan of arrangement, acquiring all outstanding Softchoice shares for C$24.50 per share (C$1,478,242,241 aggregate, ~US$1.3B). The deal expands WWT's software, cloud, cybersecurity and AI capabilities and broadens its presence in Canada and the North American SMB and commercial markets; Softchoice will operate as a WWT company with Andrew Caprara remaining as CEO.
- Buyers
- World Wide Technology (WWT), 2672989 Alberta ULC (affiliate of WWT / Purchaser)
- Targets
- Softchoice Corporation
- Sellers
- Softchoice shareholders
- Industry
- IT Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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