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AppDirect acquires Broker Online Exchange for $85M

PRIVATEJun 04, 2025

Acquiring Company

Appdirect

Acquired Company

Broker Online Exchange

San FranciscoInformation TechnologyE CommerceMarketplaceConsultingInternetEnergyOil And GasRenewable Energy

Description

AppDirect has successfully acquired Broker Online Exchange (BOX) to enhance its services in the energy sector amid rising demand. The purchase was completed on May 8 at an enterprise valuation of $85 million USD. BOX will continue to operate as a distinct unit while leveraging AppDirect's technology solutions. This acquisition marks AppDirect's fifth since the beginning of 2023.

Other recent acquisitions in E Commerce and Marketplace

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Appdirect

Location

600 Montgomery Street 37th Floor

San Francisco, California, United States

About

AppDirect offers a subscription commerce platform that removes the complexity of building a recurring business model. Sell any product, through any channel, on any device—as a service. Our platform opens up endless opportunities for commerce innovation, giving businesses the freedom to grow. AppDirect also powers AppSmart, a B2B technology marketplace and ecosystem connecting technology buyers with expert advisors to make it easier to sell, buy and manage telecommunications, cloud and business services. Headquartered in San Francisco, AppDirect is trusted by brands such as Microsoft, Google, Deutsche Telekom, Jaguar Land Rover, ADP, and many more.

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Frequently asked

Who acquired Broker Online Exchange?

Broker Online Exchange was acquired by Appdirect, based in San Francisco. The deal was reported on June 4, 2025. AppDirect offers a subscription commerce platform that removes the complexity of building a recurring business model. Sell any product, through any channel, on any device—as a service. Appdirect is privately held and operates in Information Technology.

When did Appdirect acquire Broker Online Exchange?

Appdirect's acquisition of Broker Online Exchange was reported on June 4, 2025. AppDirect has successfully acquired Broker Online Exchange (BOX) to enhance its services in the energy sector amid rising demand. The purchase was completed on May 8 at an enterprise valuation of $85 million USD. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Broker Online Exchange do?

Broker Online Exchange (BOX) is a management platform for energy brokers who assist clients in procuring gas and electricity. Founded in 2013, it provides access to energy suppliers and customer-management solutions to over 2,000 energy brokers. It is privately held, operating in Energy.

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