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World Wide Technology Completes Acquisition of Softchoice, Boosting AI and Cloud Capabilities

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World Wide Technology Completes Acquisition of Softchoice, Boosting AI and Cloud Capabilities

Softchoice Corporation ( (TSE:SFTC) ) has shared an update.

World Wide Technology (WWT) has completed its acquisition of Softchoice for approximately $1.3 billion, enhancing its capabilities in software, cloud, cybersecurity, and AI solutions. This strategic acquisition expands WWT’s client base and market presence, allowing for a more comprehensive portfolio of offerings and strengthening its position in the global technology solutions industry. The merger is expected to accelerate AI adoption and digital transformation for clients, leveraging WWT’s advanced technology resources and Softchoice’s specialized services.

More about Softchoice Corporation

Softchoice Corporation is a software and cloud-focused IT solutions provider, offering a range of services in software, cloud, cybersecurity, and AI. The company primarily serves the Commercial, Small, and Medium Business markets across North America, with a focus on delivering tailored, high-impact solutions.

YTD Price Performance: 1.28%

Average Trading Volume: 113,920

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.48B

See more insights into SFTC stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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