World Wide Technology Completes Acquisition of Softchoice Corporation

World Wide Technology Completes Acquisition of Softchoice Corporation

Public Relations

Cheryl Salman
Director, Communications and Brand
cheryl.salman@softchoice.com

Investor Relations

Tim Foran
Investor Relations
investors@softchoice.com

Softchoice Corporation (“Softchoice” or the “Company”) (TSX:SFTC) and World Wide Technology Holding Co. LLC (“WWT”) are pleased to announce that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for C$24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025.

In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.

Early Warning Reporting

Pursuant to the Arrangement, the Purchaser acquired 60,336,418 Shares, representing all of the issued and outstanding Shares, for a price of C$24.50 per Share, or C$1,478,242,241 in the aggregate. Prior to the Arrangement, the Purchaser and its subsidiaries did not own any Shares.

An early warning report will be made available under Softchoice’s profile on SEDAR+ at www.sedarplus.ca. In order to obtain a copy of the early warning report, please contact Tim Foran at: (416) 986-8515.

About Softchoice Corporation

Softchoice Corporation, a World Wide Technology company, is a software and cloud-focused IT solutions provider that equips people to be engaged, connected and creative at work, and organizations to be agile, innovative, and secure by delivering AI-powered cloud and digital workplace solutions. Through our mission, we unleash the potential in people and technology to unlock value for our customers as we guide them through their transformation journey with comprehensive end-to-end solutions. We have a highly engaged, high-performing team that is welcoming, inclusive, and diverse in thought and experience, and are certified as a Great Place to Work® in Canada and the United States. For the past 19 years, we have consistently been recognized by Great Place to Work® as a Best Workplace in Canada.

As part of World Wide Technology (WWT), a global technology solutions provider leading the AI and Digital Revolution, we have access to serve our customers through WWT’s resources. That includes its Advanced Technologies Centre, a collaborative ecosystem of the world’s most advanced hardware and software solutions, which helps customers and partners conceptualize, test and validate innovative technology solutions for the best business outcomes and then deploy them at scale through WWT’s global warehousing, distribution and integration capabilities.

Website: www.softchoice.com

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. These statements include, without limitation, statements regarding the de-listing of the Company’s common shares from the TSX. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.

Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.

Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under “Risk Factors” of the Company’s management information circular dated February 4, 2025 relating to the special meeting of shareholders held on March 4, 2025 and filed on SEDAR+.

Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.