Softline expands Softline, a global leader in IT solutions and services provider focused on digital transformation, cloud and cybersecurity, has acquired Squalio, an international data technology company operating in Latvia, Lithuania, Belarus and Estonia. Squalio’s licensing business accounted for 98% of its total revenue in 2020.
The deal strengthens Softline’s presence in specific database by industry region, aligns with its expansion plans in Europe, and accelerates the company’s global expansion strategy. Sansdis Kolomenskis, CEO of Squalio, will continue to lead the licensing business with Softline Support, among other different Squalio business lines that will remain unchanged.
Sergey Chernovolenko, Softline’s Global CEO, comments Softline expands
“We are very excited about the acquisition of Squalio, as they have developed a dominant licensing business through first-class licensing expertise career mistakes i’d like to avoid certifications with key strategic vendors such as Microsoft, Adobe, Oracle, IBM, Google and other cloud and security solutions players. As we continue to expand our presence in Eastern Europe and the Baltics through a strategy that balances acquisitions and organic growth, we are delighted to have the opportunity to grow alongside Squalio in the coming years.”
Squalio CEO Sandis Kolomenskis added:</h2>
“Squalio’s mission is to partner with and guide individuals and companies towards a sustainable digital environment. By joining forces with Softline, another fast-growing technology company, we are confident that their breadth of portfolio, customer turkey numbers database market reach, and investment capacity will support us in achieving our goals.”
During Softline’s 2020 fiscal year, the company increased its share of international business to 45% through organic growth and M&A. In September 2020, the group opened its headquarters in London, followed by the acquisitions of the software! development outsourcing business of Aplana Group, a controlling stake in German company Softline AG! and Embee, an Indian IT company specializing in cloud services, software licensing, cybersecurity services and systems integration.
About Softline Softline expands
Softline provides digital transformation and cybersecurity services to clients from over 50 countries and 95+ cities worldwide. Our 2,400+ customer managers and 1,000+ technical product and service experts help our clients choose! and implement the right products in the most efficient way, building and managing secure hybrid infrastructures. Together with our clients, our global support and maintenance teams manage and support! the infrastructure needed to ensure world-class digital transformation, cloud-based services, and solid cybersecurity.
Today, with over 25 years of experience, 5,500+ employees working worldwide and a turnover of $1.8 billion in 2020! Softline is a leading global provider of digital transformation, cloud services, cybersecurity! solutions and related services. Thanks to our 6,000+ salespeople, we have helped over 150,000 small, medium and large companies from the private! and public sectors to achieve digital transformation of their business.