Newsmaker #10 Dave MacDonald, Softchoice

Dave MacDonald
Dave MacDonald

After taking the title of Top Solution Provider of 2012 in CDN’s Top 100 riding, Softchoice CEO Dave MacDonald seemed determined to ensure the company didn’t rest on its laurels in 2013, making several moves to grow and try to keep its podium spot for 2013.

The major move by Softchoice was to take the company private. In April, it announced it had entered into an agreement with Birch Hill Equity Partners of Toronto to take the solution provider private in a deal worth around US$412 million. The deal received shareholder approval in June.

MacDonald told CDN that Birch Hill approached it with the offer, having watched the solution provider and being impressed by its growth.

“They thought we would be a good fit for their portfolio of companies,” said MacDonald, which includes Creation Technologies and Shred-it. “We evaluated (the offer) and decided it was a very good offer for our shareholders.”

MacDonald added that going private will allow Softchoice to accelerate its growth strategy, including its transformation into a services company, and make more investments in the services space that will pay longer-term dividends, investments that would be more difficult as a public company.

“Our customers will see even more intensity in our services and solutions offerings as we strive to be an even more relevant provider to them,” said MacDonald.

The solution provider also achieved the stringent Cisco Master Specialization in Canada and the U.S., offering VMware vCloud Hybrid Service through its managed services business, and was one of the first Canadian partners authorized to sell Microsoft’s Surface tablets.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN Staff
CDN Staffhttps://channeldailynews.com
For over 25 years, CDN has been the voice of the IT channel community in Canada. Today through our digital magazine, e-mail newsletter, video reports, events and social media platforms, we provide channel partners with the information they need to grow their business.

Related Tech News

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.