Nadine Freischlad · · 1 min readOffice supplies firm Bizzy acquires little-known startup for its CEO
Peter Goldsworthy, former CEO of Bizzy. Photo credit: Bizzy.
Indonesian ecommerce company Bizzy has acquired a startup called Alpha. The terms of the deal weren’t disclosed.
Bizzy supplies other businesses with office equipment, electronics, stationary, and so on, in bulk. The little-known startup Alpha has expertise in things like raw materials and spare parts, making it valuable to Bizzy’s business, the firm said in a press release. Another reason for the acquisition is Alpha’s experienced team.
Post-acquisition, Alpha’s CEO Andrew Mawikere will become Bizzy’s new CEO.
Prior to starting Alpha earlier this year, he’d been the co-founder and CEO of Bizzy competitor MBiz, a startup run by the Lippo Group conglomerate. Mawikere also previously worked at Astra International, Temasek, and J.P. Morgan.
Bizzy’s former CEO, Peter Goldsworthy, will take on a new role as Bizzy’s president.
“I am super excited to see Bizzy expanding its business to new B2B markets: direct material, spare parts, and services. All to be procured through our Bizzy procurement software. That is what this new role enables us to do,” says Goldsworthy.
Editing by Judith Balea
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