Last Friday saw the closure of one of the channel's largest-ever mergers.
SoftwareONE's acquisition of Comparex has created a licensing giant that will manage €10bn in software sales.
So far, so impressive.
However, it's not yet clear what synergies have been achieved during the process of integration.
We know that Thomas Reich, Comparex's former CEO is to leave the company within months. Meanwhile, SoftwareONE's chairman Daniel von Stockar claims the new VAR giant is "committed to backing the digital transformation of our more than 50,000 customers worldwide".
However, he provided no real details about what kind of transformation Switzerland-based SoftwareONE plans to undergo since first announcing its acquisition in October 2018.
The market's rapidly changing landscape means that the margin for error in managing business overhauls is minimal.
If the board fails to meet the efficiencies that they have promised shareholders and customers, the fallout could leave them in a quagmire. And, to what extent has the firm's sudden increase in size affected its ability to adapt to a fast-changing market?
Some players in the market, such as Norway-based licensing powerhouse Crayon, appear to be anticipating that SoftwareONE may be burdened by drawn-out integration challenges.
As well as being a rival, SoftwareONE also happens to hold a nine per cent stake in Crayon.
When I spoke to its founder and group CEO Rune Syversen late last year, he didn't think SoftwareONE's board would want to increase its stake because of having to focus so much of its collective energy on the Comparex merger.
"Comparex is such a big investment for them that they will be occupied with that for the next three to five years," he said.
"So, for us, their acquiring Comparex is one of the biggest opportunities we've seen over the past five years."
There's also the tragic matter of SoftwareONE's charismatic co-founder and CEO Patrick Winter having passed away last June.
Syversen knew and had worked with Winter in the past. He said that with his death, he believed that SoftwareONE lost its "entrepreneurial spirit".
Insight's EMEA boss has also commented that SoftwareONE's merger reminds him of HP's fraught 2002 acquisition of Compaq.
"I don't think this is going to be a very easy integration," he mused.
"It is basically two companies that have a strength and core DNA in software licensing coming together. It is a scale approach in the traditional licensing way… There is overlap; you gain clients, but you have a lot of overlap, and you have systems you need to merge."
As SoftwareONE begins its mammoth integration of Comparex over the coming months or even years, it will be interesting to see what ripples it will create for Microsoft's remaining licencing partners.
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