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mdf commerce

Full company profile

uuid0004a15

Namestring
mdf commerce
Legal namestring
Mdf Commerce Inc.
Websiteurl
mdfcommerce.com
Company typeenum
Private
Founded yearint
1996
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersLongueuil, Canada
HQ citystring
Longueuil
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
commerce SaaS solutions, government eProcurement, public sector procurement, unified commerce platform, digital procurement software
Industry1 code
1Enterprise Application Data Migration & Master Data Management Services
CodeBPAEAGAJPrimaryYes
NAICS code1 code
  • Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services5182
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Government Commerce / eProcurement Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1SaaS Subscriptions
TypeSubscription Recurring
Description

Mdf Commerce generates revenue through SaaS subscription-based solutions for commerce. The company provides software solutions to government and commerce sectors on a recurring subscription basis.

marketscreener.com
Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

mdf commerce is a Canadian SaaS provider that enables the flow of commerce for state and local governments and businesses. It delivers software-based commerce solutions covering eProcurement, e-commerce, and digital procurement workflows, and has expanded its platform through acquisitions including EcoInteractive and Ontopical.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

MDF Commerce is a Canadian SaaS solutions provider for commerce. The company operates as a unified commerce platform, though detailed product module information is limited in the available sources. The platform has recently been expanded through the acquisition of EcoInteractive, which was expected to enhance the company's overall offerings in the commerce SaaS space.

Product and service2 records
1MDF Commerce SaaS Platform
CategoryCore commerce SaaS platform
2EcoInteractive
CategoryCompliance and regulatory management SaaS
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership2 partners
1Alpine SG, LLC
Strategic tierMinorTypeOthersAnnounced on2024-07-09
Description

Alpine SG, LLC is the former parent/seller of EcoInteractive, Inc., which Mdf Commerce acquired. This represents a transaction relationship where Alpine SG divested its ownership of EcoInteractive to Mdf Commerce.

2EcoInteractive, Inc.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-07-09
Description

EcoInteractive, Inc. was acquired by Mdf Commerce from Alpine SG, LLC. This strategic acquisition is expected to enhance Mdf Commerce's offerings and expand its product portfolio in the commerce SaaS space.

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Procurated
TypeEmerging player
Description

Government-focused supplier discovery and procurement platform. Comparable as a niche emerging player in the same government procurement vertical mdf commerce addresses.

2Tyler Technologies
TypeBroad incumbent
Description

One of the largest US-based GovTech software providers serving state and local governments with ERP, procurement, and public-sector workflow solutions. Highly comparable as a broad incumbent in the same government customer segment mdf commerce targets.

3Granicus
TypeDirect peer
Description

GovTech platform serving state and local governments with digital services, including procurement, communications, and citizen engagement. Directly competes in the government commerce and workflow modernization space.

4Accela
TypeDirect peer
Description

Civic engagement and government SaaS platform providing permitting, licensing, and procurement solutions to state and local agencies. Direct peer in government digital commerce and regulatory workflow.

5OpenGov
TypeDirect peer
Description

Government-focused SaaS company providing budgeting, procurement, and financial planning tools to state and local governments. Directly overlaps with mdf commerce's eProcurement value proposition.

6Jaggaer
TypeDirect peer
Description

Enterprise procurement and supplier management SaaS platform with a strong public-sector vertical. Comparable as a procurement-focused SaaS competitor, especially relevant following mdf commerce's Periscope acquisition.

7Periscope Holdings (now part of mdf commerce)
TypeDirect peer
Description

Procurement platform acquired by mdf commerce in 2021 for $259.9M; provides source-to-settle procurement solutions primarily for public-sector buyers. Relevant as a now-internal product line and previously direct competitor.

8CivicPlus
TypeDirect peer
Description

Government technology provider offering civic engagement, procurement, and asset management SaaS for municipalities. Direct peer in the local-government commerce and workflow software market.

9Workday
TypeBroad incumbent
Description

Enterprise SaaS suite spanning HCM, finance, and procurement; serves large public-sector and commercial customers. Comparable as a broad SaaS incumbent whose procurement modules compete with mdf commerce's offerings at the high end.

10Salesforce
TypeBroad incumbent
Description

Enterprise SaaS leader with commerce cloud and public-sector business unit. Comparable as a broad SaaS incumbent whose commerce platform and government vertical overlap with mdf commerce's market.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

mdf commerce

Government Commerce / eProcurement Softwaremdfcommerce.com

mdf commerce firmographics

Firmographics
Name
mdf commerce
Legal name
Mdf Commerce Inc.
Website
https://mdfcommerce.com
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

mdf commerce industry classification

Industry
Product category
Government Commerce / eProcurement Software
NAICS
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Enterprise Application Data Migration & Master Data Management Services (BPAEAGAJ)

Keywords

  • Commerce SaaS solutions
  • Government eProcurement
  • Public sector procurement
  • Unified commerce platform
  • Digital procurement software

Where mdf commerce is headquartered

Location

Headquarters

HQ city
Longueuil
HQ country
Canada
HQ region
North America

Markets served

mdf commerce business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. SaaS Subscriptions: Mdf Commerce generates revenue through SaaS subscription-based solutions for commerce. The company provides software solutions to government and commerce sectors on a recurring subscription basis.

Go-to-market motion1 record

mdf commerce product offering

Product offering

Core offering

mdf commerce is a Canadian SaaS provider that enables the flow of commerce for state and local governments and businesses. It delivers software-based commerce solutions covering eProcurement, e-commerce, and digital procurement workflows, and has expanded its platform through acquisitions including EcoInteractive and Ontopical.

Product overview

MDF Commerce is a Canadian SaaS solutions provider for commerce. The company operates as a unified commerce platform, though detailed product module information is limited in the available sources. The platform has recently been expanded through the acquisition of EcoInteractive, which was expected to enhance the company's overall offerings in the commerce SaaS space.

Differentiator

Problem solved

Functional benefit

Products and services

  • MDF Commerce SaaS Platform
  • EcoInteractive

Companies that use mdf commerce

Customer profile

Segments1 record

Ideal customer profiles1 record

mdf commerce technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

mdf commerce partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Alpine SG, LLCminorOthers · 9 July 2024Alpine SG, LLC is the former parent/seller of EcoInteractive, Inc., which Mdf Commerce acquired. This represents a transaction relationship where Alpine SG divested its ownership of EcoInteractive to Mdf Commerce.
  • EcoInteractive, Inc.coreStrategic or Co-development Partner · 9 July 2024EcoInteractive, Inc. was acquired by Mdf Commerce from Alpine SG, LLC. This strategic acquisition is expected to enhance Mdf Commerce's offerings and expand its product portfolio in the commerce SaaS space.

Scale indicators1 record

Recent moves2 records

Expansion highlights4 records

mdf commerce competitors and assessment

Company assessment

Emerging players

  • Procurated: Government-focused supplier discovery and procurement platform. Comparable as a niche emerging player in the same government procurement vertical mdf commerce addresses.

Broad incumbents

  • Tyler Technologies: One of the largest US-based GovTech software providers serving state and local governments with ERP, procurement, and public-sector workflow solutions. Highly comparable as a broad incumbent in the same government customer segment mdf commerce targets.
  • Workday: Enterprise SaaS suite spanning HCM, finance, and procurement; serves large public-sector and commercial customers. Comparable as a broad SaaS incumbent whose procurement modules compete with mdf commerce's offerings at the high end.
  • Salesforce: Enterprise SaaS leader with commerce cloud and public-sector business unit. Comparable as a broad SaaS incumbent whose commerce platform and government vertical overlap with mdf commerce's market.

Direct peers

  • Granicus: GovTech platform serving state and local governments with digital services, including procurement, communications, and citizen engagement. Directly competes in the government commerce and workflow modernization space.
  • Accela: Civic engagement and government SaaS platform providing permitting, licensing, and procurement solutions to state and local agencies. Direct peer in government digital commerce and regulatory workflow.
  • OpenGov: Government-focused SaaS company providing budgeting, procurement, and financial planning tools to state and local governments. Directly overlaps with mdf commerce's eProcurement value proposition.
  • Jaggaer: Enterprise procurement and supplier management SaaS platform with a strong public-sector vertical. Comparable as a procurement-focused SaaS competitor, especially relevant following mdf commerce's Periscope acquisition.
  • Periscope Holdings (now part of mdf commerce): Procurement platform acquired by mdf commerce in 2021 for $259.9M; provides source-to-settle procurement solutions primarily for public-sector buyers. Relevant as a now-internal product line and previously direct competitor.
  • CivicPlus: Government technology provider offering civic engagement, procurement, and asset management SaaS for municipalities. Direct peer in the local-government commerce and workflow software market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

mdf commerce social profiles

Digital presence

mdf commerce financial estimates

Financial estimate

Revenue estimate

Valuation estimate

mdf commerce leadership team

Management profile

Number of profiles

Profiles9 records

mdf commerce subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

mdf commerce funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

mdf commerce M&A and investment

M&A and investment

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about mdf commerce

What does mdf commerce do?

mdf commerce is a Canadian SaaS provider that enables the flow of commerce for state and local governments and businesses. It delivers software-based commerce solutions covering eProcurement, e-commerce, and digital procurement workflows, and has expanded its platform through acquisitions including EcoInteractive and Ontopical.

Is mdf commerce a public or private company?

mdf commerce is a private company. It is classified as public and is currently operating.

When was mdf commerce founded?

mdf commerce was founded in 1996. It employs 501 to 1,000 people.

Where is mdf commerce based?

mdf commerce is headquartered in Longueuil, Canada, in the North America region.

How does mdf commerce make money?

One revenue line is on record: saaS Subscriptions.

Who are mdf commerce's main competitors?

Procurated is listed as an emerging player. Broad incumbents are Tyler Technologies, Workday and Salesforce. Direct peers are Granicus, Accela, OpenGov, Jaggaer, Periscope Holdings (now part of mdf commerce) and CivicPlus.

Does mdf commerce have an API?

No public API is recorded for mdf commerce.

What industry is mdf commerce in?

mdf commerce's product category is Government Commerce / eProcurement Software. Its primary akta.pro industry code is BPAEAGAJ, Enterprise Application Data Migration & Master Data Management Services. Its NAICS code is 5182 and its SIC code is 7370.

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Live signals
GlobeNewswireREPEAT: mdf commerce Unveils SOVRA - A New Brand Transforming Public Procurementmdf commerce announced its new brand SOVRA, integrating its procurement platforms into a unified source-to-pay platform. The rebrand follows its acquisition by KKR, which is investing in the tech stack, AI, and security. SOVRA serves over 7,000 buyers and 1,000,000 suppliers across North America.AlpinesgMDF Commerce Acquires EcoInteractive for U.S. GrowthMDF Commerce has acquired California-based EcoInteractive to facilitate its growth in the U.S. market. The transaction positions MDF Commerce to expand its operational footprint within the United States through this strategic purchase.MarketScreenerMdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC.Mdf Commerce Inc. has acquired EcoInteractive, Inc. from Alpine SG, LLC. Mdf Commerce provides SaaS solutions for procurement and ecommerce across multiple industries. The company operates in Canada, the United States, Ukraine, and China.BenzingaKKR Bets Big on E-Procurement: Snags mdf commerce In C$255M Cash Deal - KKR (NYSE:KKR)KKR & Co has agreed to acquire mdf commerce inc. for a total equity value of C$255 million in an all-cash transaction. The deal includes a significant premium over mdf commerce's recent stock prices and aims to leverage KKR's resources to expand the e-procurement platform serving government agencies in North America. The acquisition is expected to close in the second quarter of 2024, subject to regulatory approvals.Yahoomdf commerce enters definitive agreement to be acquired by KKRmdf commerce has entered into a definitive agreement to be acquired by KKR in an all-cash transaction valued at C$255 million, offering shareholders a premium of approximately 58% over the March 8 closing price. Upon completion, mdf commerce will become a privately held company while continuing its operations as a leading SaaS provider for digital commerce technologies.ThemiddlemarketKKR Acquires Mdf CommerceKKR has acquired Mdf Commerce Inc., a SaaS company specializing in digital commerce technologies. The acquisition will transition Mdf Commerce to a privately held entity, enhancing its eProcurement platform that serves over 6,500 government agencies and more than 650,000 suppliers across Canada and the United States. KKR aims to align with the management's vision to accelerate technology innovation in the platform amid the growing adoption of digital solutions by governments.GlobeNewswiremdf commerce enters definitive agreement to be acquired bymdf commerce has entered into a definitive agreement to be acquired by KKR in an all-cash transaction valued at approximately C$255 million. Under the terms of the deal, mdf commerce shareholders will receive C$5.80 per share, representing a premium of roughly 58% to the stock's recent closing price. The acquisition is expected to close in the second quarter of 2024, subject to shareholder and regulatory approvals.KkrMdf Commerce Enters Definitive Agreement To Be Acquired By KKRmdf commerce has entered into a definitive agreement to be acquired by KKR in an all-cash transaction valued at C$255 million, offering shareholders C$5.80 per share. The deal represents a significant premium over recent market prices and includes unanimous support from mdf commerce's board of directors. The transaction is expected to close in the second quarter of 2024, subject to regulatory and shareholder approvals.MarketScreenerKKR: definitive agreement to acquire mdf commerceKKR has reached a definitive agreement to acquire mdf commerce, a digital commerce technology specialist, in a transaction valued at C$255 million. Under the terms of the deal, mdf commerce shareholders will receive C$5.80 in cash per share, representing a 58% premium over the closing price on March 8, 2024. The Board of Directors has recommended that shareholders vote in favor of the acquisition, which will result in mdf commerce becoming a private company.MarketScreenerMdf commerce announces amendment and extension of Credit AgreementMdf Commerce Inc. has amended and extended its revolving credit facility, extending the maturity date to October 1, 2025, while reducing the total commitment from $50 million to $30 million. The company cited an improved liquidity position and a focus on profitability as reasons for reducing the unused portion of the facility, with interest rates remaining substantially unchanged.