Netformx buys out VARcompliance

Netformx has signed a definitive agreement to acquire VARcompliance. The acquisition will make it significantly easier for solution providers to take advantage of vendor incentive programs and manage certifications with equipment vendors including Cisco.
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.
“The acquisition of VARcompliance will strengthen the relationship between our customers and their partners by addressing the challenges associated with taking full advantage of reward programs and managing certifications,” said Ittai Bareket, CEO of Netformx.