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Pax8 plans to acquire northeastern Europe cloud services and software distributor, TVG.
The acquisition will enable Pax8 to enter into the Baltic States of Latvia, Lithuania, and Estonia.
“Gartner predicts that end-user spending on public cloud services will reach $482 billion in 2022,” said John Street, Chief Executive Officer at Pax8. “Now more than ever, it is critical that companies migrate their technology to the cloud to maintain pace with the evolving market demands. This acquisition enables Pax8 to expand into the Baltic States to offer partners access to its marketplace, education, and localised support.”
“With its technology and vision, Pax8 is having an incredible impact on SMBs worldwide by empowering them with enterprise-grade cloud solutions,” said Harald Nuij, Managing Director at Pax8 Europe. “We are thrilled to welcome TVG to offer partners in the Baltic States access to innovative solutions, streamlined processes, professional services, and comprehensive support to build robust technology stacks, delivering greater value to their clients.”
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