mdf commerce Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

mdf commerce Strengths, Domain Expertise, and Key Differentiators

MDF Commerce boasts a robust eProcurement platform serving over 6,500 government agencies and 650,000 suppliers across North America. Its scalable SaaS model ensures high reliability and adaptability, catering to diverse client needs. The company’s deep expertise in digital commerce, combined with a modular platform design, enables rapid deployment and customization. Strong client retention and a reputation for secure, compliant solutions further cement its competitive edge in the public and private sectors.

mdf commerce, formerly known as Mediagrif Interactive Technologies Inc., specializes in providing e-business solutions for consumers and businesses. The corporation, established on February 16, 1996, under the Canada Business Corporations Act, underwent a name change, which was approved by shareholders on September 23, 2020. Listed on the Toronto Stock Exchange (TSX) under the symbol "MDF," the company operates through wholly-owned subsidiaries. Its headquarters are situated at 1111 St-Charles West, East Tower, Suite 255, in Longueuil, Quebec, Canada.

mdf commerce Recent Developments

MDF Commerce has undertaken several strategic initiatives to enhance its digital commerce and public procurement offerings. It rebranded its public procurement solutions under the name SOVRA, consolidating platforms like Periscope, Bidnet Direct, and Merx into a unified source-to-pay system aimed at improving efficiency, transparency, and innovation in government procurement across North America. Supported by investment from KKR, the company is focused on expanding SOVRA’s capabilities with advanced technology and AI. In e-commerce, MDF Commerce partnered with Acumatica to launch the k-e-commerce platform for B2B SMBs, offering an integrated, PCI-compliant solution for Acumatica Cloud ERP users. The company also collaborated with Avalara to enable real-time tax calculations within the platform through the "Certified for AvaTax" program. Additionally, MDF Commerce released Orckestra Commerce Cloud 5.3, which introduced new features like ApplePay integration and enhanced order management tools, underscoring its commitment to delivering innovative, user-focused digital commerce solutions.

mdf commerce Mergers and Acquisitions (M&A) Activities

MDF Commerce transitioned to private ownership through its acquisition by KKR in a C$255 million all-cash deal, gaining financial flexibility and access to global resources to support the growth of its eProcurement and digital commerce platforms. This move aligns with the company's strategy to deepen market reach and accelerate technological innovation. Further expanding its GovTech offerings, MDF Commerce acquired EcoInteractive, a U.S.-based SaaS provider serving transportation, environmental, and local government agencies. The company has also significantly strengthened its position in North American government e-procurement, particularly following its acquisition of Periscope, which now accounts for nearly half of its revenue. In a strategic divestiture, MDF Commerce sold InterTrade Systems to SPS Commerce, refining its business focus.

mdf commerce Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying mdf commerce applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of mdf commerce and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified k-eCommerce, MERX, InterTrade, Réseau Contact, Carrus customers.

mdf commerce Key Enterprise and Cloud Applications

k-eCommerce, MERX, InterTrade, Réseau Contact, Carrus

mdf commerce Revenues, $M:

mdf commerce Revenue Breakdown By Type, $M:

mdf commerce Enterprise Applications Revenues By Functional Markets, $M:

mdf commerce Enterprise Applications Revenues By Verticals, $M:

mdf commerce Revenues By Region, $M

mdf commerce Direct vs Indirect sales

mdf commerce Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified mdf commerce Customers

No. of mdf commerce Customers: x

No. of mdf commerce Enterprise Applications Customers: x

No. of mdf commerce Cloud Customers: x

No. of mdf commerce Cloud Subscribers: x

mdf commerce serves a diverse client base, including over 6,500 government agencies and 650,000 suppliers, primarily in Canada and the United States. Key clients include municipal and state governments, educational institutions, and healthcare organizations, alongside private-sector suppliers in various industries.

mdf commerce Market Opportunities, M&A and Geo Expansions

The increasing adoption of digital procurement solutions presents significant growth potential for mdf commerce. Expanding into underserved international markets, particularly in Europe and Asia, could drive revenue growth. Additionally, integrating advanced technologies like blockchain for secure transactions and machine learning for predictive analytics offers opportunities to enhance service offerings. Strategic partnerships with cloud providers and fintech firms could further strengthen its market position and attract new client segments.

The global shift to online commerce, accelerated by the COVID-19 pandemic, is driving increased adoption of mdf commerce e-commerce solutions, leading to heightened quarterly and annual revenue. Management anticipates this trend to persist, offering ongoing growth and conversion opportunities for the Corporation as businesses continue to modernize their commerce infrastructure amid the easing of the COVID-19 pandemic.

mdf commerce Risks and Challenges

mdf commerce faces risks from intense competition in the SaaS and eProcurement markets, where larger players with greater resources could challenge market share. Economic uncertainties and budget constraints in the public sector may delay or reduce client investments in digital solutions. Additionally, evolving cybersecurity threats pose a constant challenge, requiring continuous investment in robust defenses to maintain client trust and compliance with stringent regulations.

mdf commerce Ecosystem, Partners, Resellers and SI

mdf commerce has recently revealed a partnership agreement between its supply chain solution, InterTrade, and Traverse Systems. This collaboration seeks to expand market reach and enhance product offerings for both organizations in the realm of comprehensive supply chain solutions. industries.

In a collaborative effort, Traverse Systems, leveraging its expertise and advanced platform, joins forces with InterTrade, a provider of technical solutions for seamless exchange of product, information, and transaction data between retailers and suppliers. This strategic partnership positions the amalgamated entity to offer a holistic suite of solutions aimed at optimizing, digitizing, and simplifying supply chain management processes.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: