Noventiq Holdings plc (formerly known as Softline Holding plc) is an

Information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...

company focusing on

digital transformation Digital transformation is the adoption of digital technology by an organization to digitize non-digital products, services or operations. The goal for its implementation is to increase value through innovation, invention, customer experience or ef ...

and cybersecurity. Headquartered in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, and incorporated in

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the ...

, the company operates in roughly 60 countries in Western and

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russ ...

Central Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

and

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

, and the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

History

The company was founded in 1993 in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

under the name of Softline as a supplier of scientific software. It later expanded its list of partners with

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

Symantec Symantec may refer to: *An American consumer software company now known as Gen Digital Inc. *A brand of enterprise security software purchased by Broadcom Inc. Broadcom Inc. is an American designer, developer, manufacturer and global supplier ...

, IBM, and up to 500 other vendors. Starting in 2002, it expanded with representative offices in a number of the Russian and CIS cities in the following years. By that time, its services included IT outsourcing and audit,

SAP Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separa ...

and

Microsoft Dynamics Microsoft Dynamics is a line of Business Applications, containing enterprise resource planning (ERP) and customer relationship management (CRM). Microsoft markets Dynamics applications through a network of reselling partners who provide speciali ...

consulting. Since 2008, Softline expanded to over 30 countries outside CIS. In 2009, the company launched a venture investment arm. In 2014, it opened a subsidiary in

. In 2016, the company received investments from the Da Vinci Capital fund. The company has conducted a number of mergers and acquisitions with the help of the M&A team established in 2016, which was based in Moscow and London. In 2020, Softline relocated its HQ to

. In the same year, its annual revenue exceeded $1.8 billion. In October 2021, Softline ran an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on LSE. In 2022,

Gartner Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its clients ...

included Softline's subsidiary Softline AG into its

Magic Quadrant Magic Quadrant (MQ) is a series of market research reports published by IT consulting firm Gartner that rely on proprietary qualitative data analysis methods to demonstrate market trends, such as direction, maturity and participants. Their anal ...

for Software Asset Management Managed Services. Following the

2022 Russian invasion of Ukraine On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An ...

, in October, Softline ceased operations in Russia and sold its Russian assets to the company's founder Igor Borovikov. The same day the company announced a rebranding to ''Noventiq''. In April 2023, Borovikov sold Softline Russia to a local investor. On July 26, 2023 Noventiq announced the cancellation of listing of the

Global depository receipts A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchan ...

("GDRs") on the London Stock Exchange.

M&A

In 2020, the company acquired an Indian IT company Embee, a software development company Aplana, and a

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

Softline AG consulting company (

namesake A namesake is a person, geographic location, or other entity bearing the name of another. History The word is first attested around 1635, and probably comes from the phrase "for one's name's sake", which originates in English Bible translations ...

company) which operated in

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

, and the UK. In 2022, Softline acquired Academy IT, majority stake in Softclub, Belitsoft, MMTR Technology, Umbrella Infocare, Seven Seas Technology, Makronet, Value Point Systems, Saga Group, G7CR. In May 2023, Noventiq signed business combination agreement with the Corner Growth Acquisition Corp to achieve

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

listing.

Management

Jacques Guers is the non-executive chairman of the board of Noventiq, Hervé Tessler the global CEO, and founder and coowner Igor Borovikov was a non-executive director. In April 2023, Borovikov sold his shares to a fund managed by TETIS Capital and resigned from management.

References

{{authority control Companies established in 1993 Companies based in London Technology companies established in 1993 Companies listed on the London Stock Exchange Multinational companies headquartered in the United Kingdom