TD SYNNEX Acquires Apptium to Boost Cloud and XaaS Innovation

TD SYNNEX has bought Apptium, a company that provides software and cloud commerce platforms. This move supports TD SYNNEX's strategy to focus on Everything-as-a-Service (XaaS) and improves the features of its StreamOne platform. By acquiring Apptium, TD SYNNEX gains access to advanced technology and tools that are driven by APIs, which helps speed up the time it takes to bring cloud, SaaS, agentic AI, and subscription-based services to market.

Apptium is now a fully owned part of TD SYNNEX, but it will keep its name and identity.

Rick Kapani, who is the CEO of Apptium, will continue to lead the company as General Manager and Senior Vice President, reporting to Sergio Farache, TD SYNNEX's Chief Strategy and Technology Officer. Apptium was started in 2014 and is based in Virginia. It works with enterprise, business-to-business, and