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AppDirect Nears $1B in Gross Annual Recurring Revenue With a Bold Vision for B2B Commerce, Adds CrowdStrike Executive to Its Board of Directors

With leaders from CrowdStrike and WestCap on its board, AppDirect accelerates its mission to reinvent how businesses buy, sell, and manage technology in a $2 trillion market

AppDirect, the world's leading B2B commerce platform, today announced the expansion of its board of directors with the addition of Burt Podbere, CFO at CrowdStrike. AppDirect anticipates crossing the $1 billion threshold in gross annual recurring revenue over the next 18-24 months. AppDirect has been making waves across the tech ecosystem with recent platform acquisitions that fuel its vision to become the everything store for businesses through their partner channel. AppDirect’s vision and strategy is led by its CEO and co-founder Nicolas Desmarais who has been able to bring together some of the industry’s most accomplished minds, like Podbere, to help propel its growth and build its vision on how to revolutionize how businesses buy, sell, and manage technology.

Having worked previously at global industry leaders like EY, Vivendi, Amdocs, and OpenDNS, which was eventually acquired by Cisco, Podbere has firsthand experience scaling hypergrowth companies. His over 20 years of experience with pre-IPO and post-IPO technology companies and deep financial expertise allowed Podbere to successfully facilitate CrowdStrike’s debut to a $612 million IPO. His invaluable leadership will further solidify AppDirect’s position as a powerhouse in the B2B commerce landscape.

"I’ve always been drawn to organizations and people that aren’t complacent in their industries, but are disrupting and redefining them. AppDirect is tackling and winning complex business problems in ways I’ve never seen before, which struck a chord with me,” said Podbere. “AppDirect is built on values with the vision and velocity to outpace its competitors — competitors that aren’t resting on their laurels, so neither can we. I’m fired up to help drive its next explosive chapter of growth."

Podbere joins an esteemed board that includes Laurence A. Tosi, Managing Partner and Founder of WestCap and former CFO at Airbnb and Blackstone, who has built some of the world’s most successful tech-enabled marketplaces. WestCap, an operating equity firm with $6 billion in assets under management, is one of several top-tier investors behind AppDirect’s vision—a roster that includes long-term supporters like Inovia Capital, Mithril Capital, and strategic partners like La Caisse.

“With B2B commerce and marketplaces showing no signs of slowing down, AppDirect stands out as a transformative force that is uniquely positioned to create value by aggregating and automating technology solutions,” said Tosi. “For 25 years, our team has focused on leading marketplaces and has built a unique operating team around assisting our companies as they scale. We’re proud to partner with AppDirect as it continues to drive innovation through its leadership in these all-important, fast-growing segments of technology.”

AppDirect continues to differentiate itself through an agnostic, channel-focused model and by extending into sectors like energy following recent acquisitions, including Broker Online Exchange and DNE Resources. AppDirect’s AI-first approach redefines how organizations procure and manage technology and uniquely enables its 14,000 partners to resell AI solutions through a single, unified platform. The upcoming launch of its “everything store” during its annual Thrive conference is expected to offer a futuristic experience for technology procurement and lifecycle management, all through a single, unified platform.

To learn more about AppDirect, connect with our team or head to appdirect.com.

About AppDirect

AppDirect is a B2B subscription commerce platform company that brings together technology providers, advisors, and businesses to simplify how they buy, sell and manage technology. More than 1,000 providers, 14,000 advisors and 16 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth and success. For more information, visit appdirect.com, devs.ai, and follow us on LinkedIn.

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