MC

Mdf Commerce

www.mdfcommerce.com link_icon

Company Market Research Report: mdf commerce inc.



Company Overview



Name


mdf commerce inc.

Mission


To enable the flow of commerce.

Founded


Founded in 1996, with the rebranding from Mediagrif Interactive Technologies Inc. to mdf commerce on September 23, 2020.

Key People


  • Chris Haydon: Executive Chairman, KKR Industry Advisor

  • Luc Filiatreault: President and CEO

  • John Park: Board Director, Partner at KKR

  • Chresten Knaff: Board Director, Director at KKR


Headquarters


The company is headquartered in Montréal, Canada, with additional offices located in the USA (Austin, TX; American Fork, UT; Albany, NY; Northville, MI), China (Shenzhen), Europe, and Ukraine.

Number of Employees


Approximately 650 employees.

Revenue


No information is available.

Core Competency


mdf commerce is known for providing a broad set of Software as a Service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers, generating billions of dollars in transactions annually.

Products



ecommerce Solutions


  • Description: Supports the evolving needs of businesses by connecting them to lucrative commercial ecosystems through all-in-one integrated platforms tailored for complex commercial needs.

  • Key Features:

  • ERP-connected ecommerce solutions

  • Commerce platforms for complex commercial ecosystems


eprocurement Solutions


  • Description: Facilitates efficient, transparent, and accountable procurement processes for both private and public sectors across North America.

  • Key Features:

  • Flexibility tailored to client needs

  • Connectivity with market-leading supplier networks


emarketplaces


  • Description: Provides secure transactional platforms that enhance business performance across various industries by connecting buyers and sellers.

  • Key Features:

  • A safe, secure environment for transactions

  • Enhanced business performance mechanisms


SOVRA Solutions


  • Description: Advanced public sector procurement solutions powered by cutting-edge technology and over 20 years of expertise.

  • Key Features:

  • Source-to-Contract (S2C) platform

  • Vendor performance improvements

  • End-to-end procurement

  • Marketplace Program for combined purchasing power

  • Network of over 650,000 active suppliers


Recent Developments



New Products and Features


  • SOVRA Launch: August 25, 2024, mdf commerce unveiled SOVRA as a new brand transforming public procurement, offering a comprehensive suite of solutions dedicated to public sector procurement.


Partnerships and Acquisitions


  • Acquisition by KKR: On May 17, 2024, mdf commerce announced the completion of its acquisition by an entity affiliated with funds managed by KKR, a global investment firm.

  • Acquisition of EcoInteractive: Announced on July 9, 2024, mdf commerce acquired EcoInteractive, a leading SaaS provider for transportation, environmental, and local government agencies.


Shareholder Developments


  • Announced on May 10, 2024, the company obtained shareholder approval for a going private transaction with KKR.

  • Entered into a definitive agreement with KKR as of March 11, 2024, for a total equity value of C$255 million.


Note: The report is restricted to the data provided and no additional commentary is included.