White label software vendor set to bolster operation with UK acquisition

Formjet to snap up distribution firm

Formjet, which produces white label software for large retailers such as Tesco to sell as own-brand products, has announced it is to boost its operation with the purchase of an a yet unknown UK distributor.

The firm has apparently put up £1.2 million for the ‘specialist distribution company’ in a deal it expects to have complete by August 18th.

While the identity of the distributor remains unknown, it has been reported that it has a £12.6 million turnover and a ‘significant customer base of IT resellers and independent retailers.’

Link: CRN

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