News in the Channel - October 2022

ACQUISITIONS

Valsoft enters MPS space with acquisitions of MPS Monitor and Euroform

Canadian software company Valsoft Corporation Inc has entered the managed print service space by acquiring Italy-based MPS Monitor s.r.l and Denmark-based Euroform A/S, two leading developers and providers of remote monitoring and management and managed print services SaaS solutions for the print industry. Valsoft has acquired 100% of MPS Monitor and Euroform and will be leveraging the leading market positioning, product strength, and expertise of the two combined companies to provide an integrated SaaS offering to dealers and managed print providers across the world. “We are very excited to enter the printing management vertical through our acquisition of both EuroForm and MPS Monitor,” said Michael Assi, CEO of Aspire Software, the operating division of Valsoft. “The talented teams, company values, and

established position in the market of these great companies combined, will make this a platform acquisition poised for continued future growth and continuous product innovation for years to come.” Valsoft’s entry into the MPS market will be led by Nicola De Blasi, who will maintain his role as CEO of MPS Monitor, while also taking on the role of CEO of Euroform. “This is an extremely exciting moment in the history of MPS Monitor and Euroform, our customers and our combined team,” explained Nicola. “We’re about to embark on a whole new chapter supported by the resources, experience, and global footprint of Valsoft. With the formation of Managed Print Services Vertical, Valsoft has created a solutions powerhouse that’s ready and able to address the challenges of managed print customers and providers globally.”

valsoftcorp.com

NortonLifeLock completes Avast acquisition

Cyber safety provider NortonLifeLock has completed its previously announced acquisition of Avast. With the completion of the transaction, trading in Avast shares was suspended on September 12, and the shares were delisted from the London Stock Exchange on September 13. As it starts merging its operations, the combined company will soon announce a new name. It will also begin trading under a new stock ticker under the new company name on NASDAQ. Until that time, the combined company will operate as NortonLifeLock Inc. and continue trading on NASDAQ. “We believe that everyone deserves the freedom to live their digital lives to the fullest,” said Vincent Pilette, CEO of NortonLifeLock and the combined company. “Half a billion users trust us to protect and empower their digital lives, and now that NortonLifeLock and Avast have come together, we plan to redefine and reimagine Cyber Safety for consumers and small businesses around the world.”

nortonlifelock.com

Sustainable office technology supplier XBM Ltd has acquired iDOC Services Ltd, a London-based, UK wide reseller of Epson’s heat-free inkjet printers and other digital document solutions. XBM is Epson’s second largest MPS reseller – including heat-free inkjet solutions – and one of only three Epson Solutions+ Platinum Partners. Meanwhile, since its foundation in 2017, iDOC Services has established a diverse and loyal customer base, many committed to Epson’s heat- free inkjet solutions. “We want to lead the expansion of our business with future-proof technologies, and Epson’s eco-conscious print portfolio is standing out in this area,” said Richard Taylor, managing director at XBM. “Sustainability has never been more prominent in the print industry and acquiring XBM acquires iDOC Services

another dealer and customer base that shares this sentiment only strengthens our pursuit to become the UK’s leading managed print provider.” Mark Moore, the outgoing managing director of iDOC Services, added: “Our priority for the acquisition is ensuring the consistency of good service for our customers across the country, and with XBM I know we’re leaving them in good hands. It’s also important to know iDOC is remaining a part of the Epson family and that its legacy for reducing the environmental impact of its customers through the technology they use will live on through XBM.” Following it’s rebranding in 2021, XBM announced plans to expand rapidly through acquisitions and new business at their Q3 Launch in July, and this is the first publicly announced takeover since then.

xbmltd.com