Softline (LSE: SFTL), the worldwide IT and digital transformation options and providers supplier, in the present day proclaims the signing of an settlement to accumulate Indian digital infrastructure and cybersecurity options & providers firm Value Point Systems.
The transaction additional strengthens Softline´s business operations and capabilities in cybersecurity, digital infrastructure, managed options and providers in India. Because of this acquisition, which embodies Softline´s technique and imaginative and prescient for India of “investing in India for India”, Value Point System´s 2,000 native prospects will now have entry to Softline´s full portfolio of options and providers.
With over 30 years´ expertise, Value Point Systems is rising because of over 1,200 workers distributed in seven workplaces throughout the nation. The firm has grow to be a number one end-to-end subsequent technology digital infrastructure and cybersecurity options supplier in India with expertise companions equivalent to AWS, Cisco, CrowdStrike, Hewlett Packard Enterprise, HP, Microsoft, VMWare, Zscaler, amongst others. Throughout the years, Value Point Systems has constructed a portfolio which in the present day contains six end-to-end options and providers: cybersecurity, knowledge centre modernisation, community transformation, cloud transformation, digital office, and IT managed providers. These options will completement Softline’s personal portfolio.
Specifically, as soon as the acquisition of Value Point Systems is accomplished, Softline will strengthen its world cybersecurity proposition with the capabilities of VPS’ Security Operation Centre, one of the trade’s main in India. Value Point Systems’ cybersecurity integration capabilities, and subtle cybersecurity consultancy providing, will increase Softline´s present providers.
Additionally, Value Point Systems will convey greater than 800 extremely expert digital engineers to Softline´s workforce. These professionals will proceed to ship wonderful digital infrastructure administration and transformation providers to prospects in India augmenting what’s now being finished by Softline´s workforce.
Vinod Nair, VP of Global Sales, General Manager for Softline India, commented: “According to a latest report by NTT, 96.3% of companies in India see cloud as one thing essential to remodeling their business. Today, there are 1.48 million* firms in India who’re the on the cusp of adopting cloud or implement superior cybersecurity options to guard their property. As a number one options supplier in India, Softline plans to assist them select the correct digital and cybersecurity options in their quest to grow to be extra profitable by including effectivity, velocity, safety and simplicity to their every day work. Thanks to the acquisition of Value Point Systems, Softline will now be capable to complement its portfolio of cloud and cybersecurity options, in addition to its IT administration providers workforce. We are bringing in an organization with over 30 years’ expertise in the market, and a worth set that’s accretive for our prospects in addition to serving to us reinforce our native footprint in India.”
Hervé Tessler, CEO at Softline International, mentioned: “Value Point Systems constitutes the fourth acquisition made by our firm in 2022, accelerating the three-dimensional progress technique that we introduced at our final 12 months´s IPO. We make investments in India for India, and our purpose is to make our subsidiary in India a $1billion business because of the fast natural progress and to the success of firms like Value Point Systems. In addition to nice digital infrastructure options, IT managed providers, cybersecurity and different providers, we’re additionally including an unbelievable workforce of 1,200 individuals to Softline´s household bringing our Indian presence to greater than 2,200 individuals. We are very excited to welcome Value Point Systems´ colleagues onboard, and I’m positive that by becoming a member of our workforce, alongside the groups from Embee and Umbrella Infocare, we are going to construct collectively a real multi-cloud digital Indian market leader; a first-rate expertise associate for any Indian firm that aspires to digitally rework to speed up and enhance revenues and purchase operational excellence.”
RS Shanbhag, Founder, Chairman and CEO at Value Point Systems, commented: “We are really excited to grow to be half of Softline, a world firm with presence in virtually 60 nations world wide. Thanks to this new step in our firm´s journey, we are going to now be capable to develop past our highest expectations, and will even have entry to the world´s high distributors options and providers and to Softline’s personal portfolio which is able to allow our groups to supply a good higher and wider vary to our prospects. Building this firm was an actual problem, an thrilling course of, and I’m actually grateful to Softline´s workforce for welcoming us with open arms. I sit up for seeing what´s subsequent in our profitable future collectively in India and past.”
Softline is a number one world options and providers supplier in digital transformation and cybersecurity, headquartered in London. The firm permits, facilitates and accelerates digital transformation for its prospects’ companies, connecting 150,000+ organizations from all sectors with 6,000+ best-in-class IT distributors, alongside its personal providers and options.
With a turnover of US$ 2.2 billion in the fiscal 12 months of 2021, Softline is at present one of the quickest rising firms in the sector. In October 2021, the corporate obtained its major itemizing on the London inventory change (LSE: SFTL). Softline’s progress is underpinned by its three-dimensional technique to develop its geography, portfolio and gross sales channels. The technique is supported by Softline’s lively strategy to M&As, enabling the corporate to take benefit of the continued consolidation in the trade. During the fiscal 12 months of 2021, Softline has acquired a number of firms with annual turnover totalling roughly US$ 200 million, together with 5 acquisitions which have been introduced in the primary six weeks of 2022.
Softline’s 8,400 workers work in virtually 60 nations all through Asia, Latin America, Eastern Europe, Middle East and Africa—markets with important progress potential.
About Value Point Systems
Value Point Systems works to speed up its prospects’ business transformation journey via their competence in consulting, digital integration and safety, delivering next-gen digital infrastructure applied sciences, options and providers.
The firm collaborates with trusted IT companions to ship excellent outcomes via their portfolio providers, serving to organisations in India to digitally rework their companies to reinforce income, profitability, business outcomes and buyer expertise.