Equiteq advises Value Point Systems on its sale to Softline

October 10, 2022

Equiteq is pleased to have advised leading digital infrastructure and cybersecurity solutions & services company Value Point Systems on its sale to global IT and digital transformation solutions and services provider Softline. As of the 20th of October, 2022 Softline Holding plc is trading under the trademark of Noventiq.

Value Point Systems is an Indian cybersecurity and digital transformation leader, with over 30 years’ experience, 1,200 employees in seven offices across the country. The company has become a leading end-to-end next-generation digital infrastructure and cybersecurity solutions provider in India with technology partners such as Hewlett Packard Enterprise, HP, CISCO, CrowdStrike, Zscaler, Microsoft, AWS, VMWare, Red Hat, among others. Throughout the years, Value Point Systems has built a portfolio that today includes six end-to-end solutions and services: cybersecurity, data center modernization, network transformation, cloud transformation, digital workplace and IT managed services.

Softline is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London, with 8,400 employees working in almost 60 countries throughout Asia. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting 150,000+ organizations from all sectors with 6,000+ best-in-class IT vendors, alongside its own services and solutions.

The transaction further strengthens Softline´s business operations and capabilities in cybersecurity, digital infrastructure, managed solutions and services in India. Thanks to this acquisition, which distinctly constitutes a clear view of Softline´s strategy and vision of “investing in India for India”, Value Point System´s 2,000 local customers will now have access to Softline´s full portfolio of solutions and services.

Additionally, Value Point Systems brings more than 800 highly skilled digital engineers in Softline. These engineers will continue delivering excellent digital infrastructure management and transformation services to customers in India augmenting what is now being done by the Softline team. 

Hervé Tessler, CEO at Softline International, said: “Value Point Systems constitutes the fourth acquisition made by our company in 2022, accelerating the three-dimensional growth strategy that we announced at our last year´s IPO. We invest in India for India, and our goal is to make our subsidiary in India a $1 billion business thanks to the rapid organic growth and to the success of companies like Value Point Systems. In addition to great digital infrastructure solutions, IT managed services, cybersecurity and other services, we are also adding an incredible team of 1,200 people to Softline´s family bringing our Indian presence to more than 2,200 people. We are very excited to welcome Value Point Systems´ colleagues onboard, and I am sure that by joining our workforce, alongside the teams from Embee and Umbrella Infocare, we will build together a true multi-cloud digital Indian market leader; a prime technology partner for any Indian company that aspires to digitally transform to accelerate and increase revenues and acquire operational excellence.”

RS Shanbhag, Founder, Chairman and CEO at Value Point Systems, said: “We are truly excited to become part of Softline, a global company with a presence in all major markets around the world. Thanks to this strategic move, we will be able to grow beyond our highest expectations, by having access to Softline’s own portfolio and to the world´s top vendors solutions and services, which will enable our teams to offer an even better and wider range to our customers. Building this company was a challenge but above all an exciting journey. I now look forward to seeing what´s next in our successful future together in India and beyond.”

RS Shanbhag added: “The Equiteq team provided us with invaluable assistance throughout the whole process, helping us identify our best match and navigate through all the complexities towards an achievement of a deal that meets all our expectations. We are very grateful to them for their support.”

Arun Nayak, Director at Equiteq Asia-Pacific, commented: “It was a pleasure working with the leadership and the whole team of a great company like Value Point Systems. We are happy and proud for having played the role of trusted advisor to Value Point Systems’ shareholders in this transaction.”

 

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