AppDirect Secures $100M Investment from CDPQ

AppDirect, a leading cloud service marketplace company, recently announced that it has received $100 million in financing from Caisse de dépôt et placement du Québec (CDPQ), a global investment firm. This financing round brings AppDirect’s total funding to over $465 million and underscores the company’s position as a leader in the cloud service marketplace industry.

The financing from CDPQ comes at a time of significant growth and expansion for AppDirect. The company has seen rapid adoption of its platform by businesses looking to streamline their cloud service procurement and management. With the continued shift towards cloud-based solutions, AppDirect’s marketplace has become an essential tool for businesses to discover, buy, and manage a wide range of cloud services from leading providers.

This latest financing will enable AppDirect to further invest in its platform, expand its global reach, and accelerate product innovation. With the backing of CDPQ, AppDirect is well positioned to capitalize on the growing demand for cloud services and continue to provide value to its customers.

CDPQ’s investment in AppDirect is a testament to the company’s strong market position and future potential. As one of the largest institutional investors in the world, CDPQ’s support reaffirms the confidence in AppDirect’s business model and its ability to drive innovation in the cloud service marketplace industry.

AppDirect’s CEO, Dan Saks, expressed his enthusiasm about the partnership with CDPQ, stating, “We are thrilled to partner with CDPQ as we continue to build a transformative platform that makes it easy for businesses to find, buy, and manage cloud services. This investment will enable us to accelerate our growth, expand our capabilities, and deliver even greater value to our customers.”

The financing from CDPQ is a significant milestone for AppDirect and highlights the company’s continued success and momentum in the cloud service marketplace industry. With its latest round of funding, AppDirect is well positioned to further solidify its position as a market leader and continue to drive innovation in the cloud service ecosystem.

In conclusion, the $100 million financing from CDPQ is a major vote of confidence in AppDirect’s strategy and potential for future growth. With this latest round of funding, AppDirect is poised to continue its expansion and innovation in the cloud service marketplace, further cementing its position as a leader in the industry.