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Netformx Signs Definitive Agreement to Acquire VARcompliance
By: Business Wire
Jan. 31, 2013 06:05 AM
Netformx®, the leader in collaborative requirements-to-order solutions, has signed a definitive agreement to acquire VARcompliance, LLC (VARcompliance), the leading provider of automated vendor certification and incentive reward tracking, monitoring and management solutions. The acquisition will make it significantly easier for solution providers to take advantage of vendor incentive programs and manage certifications with leading equipment vendors including Cisco (NASDAQ: CSCO). Effective immediately, Netformx is now the exclusive global reseller for VARcompliance.
VARcompliance’s VxP SaaS platform, helps technology providers increase profitability by automating the process of capturing more reward dollars, removing labor-intensive and manual tasks to ensure compliance, and significantly improving the visibility and management of vendor reward and certification programs. Customers will benefit from reducing the time and cost required to track certifications, improving visibility into complex reward programs while designing solutions, and consolidating audit and compliance management. As a result, customers can increase their profitability with faster and more accurate proposals, greater promotional program participation, and tighter relationships with their equipment vendor partners and distributors.
Netformx is the leader in collaborative requirements-to-order software solutions for enterprise technology. Netformx’s customers include service providers, systems integrators and equipment vendors who rely on the company’s award-winning solutions to create and sell the information, communications, and technology solutions that power business.
Netformx has over 2,680 solution providers as customers in more than 144 countries. Customers include AT&T, Belgacom, Bell, CDW, CenturyLink, Cisco, Dimension Data, HP, Insight, Juniper, Orange Business Services, Sprint, Swisscom, Telstra, Verizon, and WWT. The Netformx KnowledgeBase™ is the only comprehensive multi-vendor content library for technology products, including specifications, validation rules, pricing, ordering information, and discovery mappings from top technology suppliers including Cisco, Brocade, HP, Juniper, Avaya, APC, Belden, Plantronics, Polycom, and TrippLite.
More information can be found at www.Netformx.com.
About VARcompliance, LLC
VARcompliance, headquartered in Boston, is a Business Process Outsourcer utilizing a SaaS platform exclusively servicing the Value Added Reseller and Solution Provider marketplace – adding significant dollars to the bottom line through targeted incentive program optimization, reward tracking and automated certification compliance.
More information can be found at www.VARcompliance.com.
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