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AppDirect Acquires Marketplace Platform Builtfirst To Further Mission Of Becoming The Premier Destination For Marketplace Solutions

By Business Wire

Business Wire
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Builtfirst joins AppDirect to combine expertise and accelerate growth

SAN FRANCISCO--(BUSINESS WIRE)--AppDirect, the world’s leading B2B commerce platform, today announced it has acquired Builtfirst, a leader in self-service marketplace platform technology. AppDirect has over a decade of experience in digital commerce. Adding the Builtfirst platform into AppDirect’s suite of solutions further expands AppDirect’s ability to help companies of all sizes with their marketplace needs, becoming the single source destination for marketplaces.

With its low code/no code approach to getting a marketplace up and running in a matter of minutes, Builtfirst focuses technology development around self-service and user-friendly accessibility—an approach that aligns with AppDirect’s product-led growth strategy, launched in 2021. As a subscription commerce platform, AppDirect will offer Builtfirst customers additional benefits and new functionality, like the ability to leverage components of AppDirect’s digital commerce platform.

This key acquisition arrives as more organizations invest in marketplaces, with Gartner1 stating, “By 2025, 80% of B2B sales interactions between suppliers and buyers will occur in digital channels.” Although more buyers want to purchase through marketplaces, many organizations are early in the journey to offer their services and solution ecosystems through a marketplace. This new relationship between AppDirect and Builtfirst will provide multiple options on how to guide customers to begin their marketplace journey and scale to meet their future needs.

“Builtfirst was created based on a vision where every business can succeed together. We have extensive experience in helping mid-size organizations accomplish their marketplace goals,” said Aaron Bailey, co-founder and CEO of Builtfirst. “By joining the AppDirect team, Builtfirst will become part of an organization that’s founded on the same mission: to make technology universally accessible. AppDirect has a wealth of experience and knowledge in the Enterprise space, and with the addition of the Builtfirst platform, we now become a global powerhouse to meet all B2B marketplace demand.”

“Companies often start with basic directories for integrations or special discounts and quickly evolve towards full-scale subscription commerce as experience and expertise grows,” said Michael Julve, co-founder of Builtfirst. “This acquisition creates a crucial pipeline for their entire journey.”

As a leader in digital commerce platforms and marketplaces, AppDirect recognizes the potential of Builtfirst’s growth in this space. This acquisition aligns AppDirect with an organization that shares similar goals, allowing it to meet the growing demand for technology that makes ecosystem strategies successful.

“This acquisition provides an immediate pathway for Builtfirst customers to move to commerce,” said Andy Ellerhorst, Vice President of Corporate Development and Chief of Staff at AppDirect. “Which is the natural progression for any marketplace. Bringing Builtfirst into the AppDirect team is not only beneficial for its customers, AppDirect will also gain a new line of business that helps our goal of making technology accessible for any sized organization.”

This acquisition is not expected to impact the Builtfirst brand in the short term. Customers will receive the high level of support and service they have come to expect from both companies.

To learn more about AppDirect, please visit https://www.appdirect.com/. To learn more about Builtfirst, please visit https://www.builtfirst.com/.

About AppDirect
AppDirect is a B2B subscription commerce platform company that brings together technology providers, advisors and businesses to simplify how they buy, sell and manage technology. More than 1,000 providers, 10,000 advisors and 5 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth and success.

About Builtfirst
Builtfirst is a partner marketplace platform where any company can create a perk marketplace, integration marketplace, reseller marketplace, or service marketplace in minutes. We’re building the largest ecosystem of marketplaces that every B2B company can go-to-market through.

For press inquiries, please contact prforappdirect@bospar.com.

1 Magic Quadrant for Digital Commerce, Gartner, Published 21 August 2023, By Analyst(s): Mike Lowndes, Yanna Dharmasthira, Sandy Shen, Penny Gillespie, Aditya Vasudevan, Jason Daigler.

Contacts

prforappdirect@bospar.com

First published on Thu, May 9, 2024

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AppDirect Builtfirst Marketplace Platform B2B Commerce Platform Digital Commerce

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