AppDirect, the San Francisco-based cloud service marketplace and management company, has acquired Montreal-based Radialpoint, a provider of sales and technical support services and technologies. The terms of the transaction were not disclosed. Radialpoint was founded in 1997 and had not raised a round of capital financing since 2008 when it received $98 million from TA Associates, a private equity and buyout firm.
AppDirect had Canadian connections prior to this transaction. Its founders – Daniel Saks and Nicolas Desmarais (from the family behind Quebec-based Power Corporation) – are both originally from Canada and the company already had an office in Montreal prior to this acquisition. This is AppDirect’s fifth acquisition but the first one since it raised $140 million in venture capital financing back in October 2015, a Series E round led by JP Morgan Chase. Just prior to completing that round of funding, AppDirect acquired AppCarousel, a transaction for which Q1 Capital Partners provided a fairness opinion to AppCarousel’s board of directors.
To read more about the transaction, click here.