World Wide Technology Completes Acquisition of Softchoice Corporation
TORONTO–(BUSINESS WIRE)–Softchoice Corporation (“Softchoice”) (TSX:SFTC) and World Wide Technology Holding Co. LLC (“WWT”) have announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its acquisition of Softchoice pursuant to a plan of arrangement. The Purchaser acquired all issued and outstanding common shares of Softchoice for C$24.50 in cash per share.
The arrangement, announced on December 31, 2024, was approved by Softchoice shareholders at a special meeting held on March 4, 2025. Following the closing, Softchoice’s shares are expected to be delisted from the Toronto Stock Exchange on or about March 14, 2025. The company has also applied to cease being a reporting issuer under Canadian securities laws.
According to the arrangement, the Purchaser acquired 60,336,418 shares, representing all issued and outstanding shares, for C$1,478,242,241 in total. Prior to the arrangement, the Purchaser and its subsidiaries did not own any Softchoice shares. An early warning report will be available under Softchoice’s profile on SEDAR+.
Softchoice, now a part of WWT, is a software and cloud-focused IT solutions provider. The acquisition expands WWT’s capabilities in software, cloud, cybersecurity, and AI. Softchoice has been recognized as a Great Place to Work® in Canada and the United States for 19 consecutive years.
The acquisition brings together Softchoice’s expertise in AI-powered cloud and digital workplace solutions with WWT’s global technology resources. This includes access to WWT’s Advanced Technologies Centre, which helps customers conceptualize, test, and validate innovative technology solutions.
Forward-looking statements in this press release include expectations regarding the delisting of Softchoice’s shares from the TSX. Actual results may differ due to known and unknown risks, as outlined in Softchoice’s management information circular dated February 4, 2025.
For more information, contact:
- Cheryl Salman, Director, Communications and Brand: cheryl.salman@softchoice.com
- Tim Foran, Investor Relations: investors@softchoice.com
