CDPQ completed the acquisition of a 12.3% stake in AppDirect for $185m.

CDPQ, a private equity firm, completed the acquisition of a 12.3% stake in AppDirect, a subscription commerce platform, for $185m. “Today, businesses are facing unprecedented challenges. Many companies began digital selling practically overnight, but need assistance integrating new technologies and processes into their operations and making them work at scale for the long-term. Our mission at AppDirect has always been to make technology globally accessible, and we are rising to meet that calling at a time when it feels especially urgent. We couldn't be more excited that CDPQ and our existing investors are partnering with us on that journey as we enter a new phase of expansion. This renewed support from new and existing long-term partners reaffirms their confidence in our vision, our growth trajectory, and the market opportunity.” Daniel Saks, AppDirect, President and Co-CEO.