Afternoon Coffee: Workspend Snaps Up DCR Workforce’s MSP Business; Japan’s F35-A Procurement Plans Still On

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First up, Reuters reports that the United States is set to ask buyers of Iranian oil to end imports soon or face sanctions themselves.

The report quoted an unnamed source confirming a Washington Post report that the U.S. government would end the sanctions waivers it had granted to a few importers of Iranian oil last year.

The move is expected to face resistance from some Asian suppliers in the face of an extremely tight supply market and high fuel prices.

Workspend/DCR Workforce — a small fish in a big pond just got bigger

Workspend, a New Jersey-based managed service provider (MSP), has announced that it has acquired DCR Workforce’s MSP business. The terms of the deal were not disclosed. According to the announcement, “by acquiring DCR’s MSP business, Workspend is further accelerating the growth of its MSP and has positioned itself to provide services to an even broader array of industries and geographies.”

Coupa acquired the technology (VMS) part of DCR Workforce in September 2018 (see our full coverage of the acquisition just below this article). What would transpire with the MSP portion of DCR has remained an open question since then.

According to the announcement, Workspend (competing in a crowded field) offers two different service offerings, Lite MSP and Full MSP, which “are both flexible, unbundled, and take a modularized approach to managed services.”

“The acquisition enhances Workspend’s position in the market by adding a global and dynamic operations model to our own, which complements our near- and long-term strategy well,” Manoj Agarwal, CEO of Workspend, was quoted as saying.

“Our efforts to transform Workspend into a truly global MSP doesn’t stop here. Rather, we are already evaluating several strategic relationships and other M&A activity,” he said in the release.

Cell therapy market places new demands on supply chain services

Cryoport CEO Jerry Shelton said the expanding cell therapy market has placed new demands on supply chain services, with their shipment requirements and competition in the logistics industry rising.

Crash will not derail Japanese plan to buy F-35A

Japan’s defense minister has said his country was still firm on plans to buy the F-35A stealth fighter from the U.S., despite a crash of one of the jets a few days ago.

Japanese Defense Minister Takeshi Iwaya told reporters after meeting his American counterpart that, so far, Japan did not have any information post-crash that would lead to a change in its procurement plans.

The Japanese government plans to replace its aging fleet of F-4s and F-15s with this state-of-the-art fighter aircraft.

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