WWT To Buy Softchoice In $1.25B Blockbuster: Here's What To Know
Hello, and welcome back. In this edition, we take a look at World Wide Technology's planned acquisition of Softchoice, the 10 biggest tech news stories of 2024, how solution providers are preparing for the AI agent era, and more.
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WWT To Buy Softchoice In $1.25B Blockbuster: Here's What To Know
World Wide Technology is planning to make what would arguably be the biggest acquisition in its history with the purchase of fellow channel powerhouse Softchoice for $1.25 billion to boost WWT's AI ambitions and SMB customer base across North America.
The 10 Biggest News Stories Of 2024
Our annual list of top news stories includes the ongoing AI wave that's remaking the IT industry, the impact of several multibillion-dollar acquisitions, the contrasting fortunes of two of the industry's leading semiconductor companies and what was likely the biggest IT system failure ever.
AI Solution Providers Prepare For The Agent Era
Grant Davies, principal of digital strategy at Perficient, told CRN that customers can hardly believe it when he demonstrates artificial intelligence agents "talking to each other"—that is, one agent generates content and one or more agents help improve the content.
Perficient is among the camp of solution providers ready to bring customers into the agentic phase of generative AI while exploring ways to leverage the technology internally to improve operations.
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The acquisition aligns with World Wide Technology's strategy to deepen its AI capabilities. By acquiring Softchoice, a partner with strong AWS connections, they're positioning themselves to better serve SMBs throughout North America. The sheer scale of this deal suggests a strong commitment to expanding their influence in the AI landscape—potentially setting new standards for tech mergers in the future. But I wonder, how will this affect the competitive dynamics within the market for AI solutions?
Founder and Chief Global Analyst
5dSoftchoice is an Amazon Web Services (AWS) SMB Competency partner and is worth it.
Change Agent|New Growth|Global Teams|Product Strategy|International Partnerships|. Data driven analyses to drive best actions. Passionate about ecosystem partnerships to surpass goals and augment trust relationships.
5dPAC MAN! Scale wars continue.
Quite a large acquisition, indeed!