Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) has invested $185 million in leading subscription commerce platform AppDirect.
The new investment brings the total equity raised by AppDirect to approximately $465 million. Officials say that since its 2015 funding round the company has experienced growth and expanded its global footprint to include more than 2000 merchants around the globe. The latest funding will go to accelerate its organic expansion, strategic acquisitions, and additional hiring.
“AppDirect has established itself as the global leader in the application market for cloud services delivery. They are . . .
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