Cloud services marketplace and distributor Pax8 is buying TVG, a cloud services and software distributor in northeastern Europe. The acquisition will allow Pax8 to dip its toes into the Baltic States of Latvia, Lithuania, and Estonia.
“Gartner predicts that end-user spending on public cloud services will reach $482 billion in 2022,” said John Street, Chief Executive Officer at Pax8. “Now more than ever, it is critical that companies migrate their technology to the cloud to maintain pace with the evolving market demands. This acquisition enables Pax8 to expand into the Baltic States to offer partners access to its award-winning marketplace, education, and localized support. Together, we are enabling partners worldwide to capitalize on the market opportunities with cloud technology and drive the digital transformation.”
Headquartered in Riga, Latvia, TVG has been operating in the Baltic States for over 20 years and serves more than 1,000 partners. TVG is an authorized Microsoft CSP Indirect Provider, and its vast solutions portfolio includes Adobe, Corel, Altaro, TeamViewer, ManageEngine, and several other industry-leading global technologies.
"With its technology and vision, Pax8 is having an incredible impact on SMBs worldwide by empowering them with enterprise-grade cloud solutions," said Harald Nuij, Managing Director at Pax8 Europe. "We are thrilled to welcome TVG to offer partners in the Baltic States access to innovative solutions, streamlined processes, professional services, and comprehensive support to build robust technology stacks, delivering greater value to their clients.”
John continued: "We are excited to welcome TVG employees and partners that share in our values vision to provide a world-class client experience. We look forward to building on new successes together."