Tech Data, a TD SYNNEX company, announced the acquisition of the specialist hosted platform provider Advanced Technology Trading (ATTCo) and its subsidiary EKM Global Limited (EKM).
The company said that the transaction accelerates Tech Data’s ability to offer innovative and flexible technology-as-a-service (TaaS) and remote service automation enablement to its IT ecosystem partners. ATTCo’s online platform, which is fully integrated with Tech Data’s ecommerce tools and connects with a growing list of recognised finance partners, enables end customers to manage a fully automated, cost effective, easy-to-manage, end-to-end process for hardware, software and services subscriptions. Meanwhile, the EKM solution enables partners to remotely manage printing and imaging device fleets at scale on behalf of our partners’ end user customers.
According to recent research, the as-a-service market is expected to grow from $50.3 billion (€44.6 billion) in 2021 to $303.6 billion (€269.2 billion) by 2026 at a CAGR of 43.2%, with growth substantially driven by small and medium sized businesses, who will move increasingly to a subscription-based model for their IT, smartphone and peripherals purchases. In order to help its partners to address this growth area, Tech Data has built a comprehensive services portfolio focusing on TaaS, lifecycle management, sustainability and automated remote service management, supported by investment in a strengthened team across the European region and additional targeted acquisitions, such as Finance Technology, announced earlier this year.
Roman Rudolf, Vice President, Strategy and Services Endpoint Solutions, Europe at Tech Data, said: “This acquisition is a further demonstration of Tech Data’s commitment to investing in digital capabilities that drive greater agility and growth for the IT ecosystem. The ATTCo and EKM platforms will enable Tech Data partners to position themselves at the forefront of the fast-growing XaaS and managed print services markets. They bring unrivalled customer experience built on robust technology to cut through complexity and reduce time to market when developing service-based solutions. We look forward to welcoming the ATTCo and EKM team to Tech Data and to accelerating the adoption of their platforms.”
