World digital transformation and cybersecurity options supplier Noventiq introduced it has acquired Cloud managed companies supplier G7 CR Applied sciences India Pvt Ltd, one among principal Microsoft companions within the nation, for an undisclosed sum, because it goals to have a $1 billion enterprise within the nation.
This acquisition additional strengthens Noventiq’s place because the main participant available in the market for Microsoft options in India, one of many world’s quickest rising IT markets.
Headquartered in Bengaluru, G7 CR, which presently works with over 600 prospects from the small and medium enterprises (SMEs), huge enterprises, authorities, and startup sectors throughout India, will carry 200 professionals to Noventiq.
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“This transaction represents our fourth acquisition on this nation, which exhibits how essential it’s for our technique to proceed to spend money on India. Our aim is to have a $1 billion enterprise in India within the mid-term,” mentioned Sergey Chernovolenko, CEO at Noventiq.
Noventiq has acquired Worth Level Techniques (October), Umbrella Infocare (February) and Embee (January 2021) in India previously two years.
G7 CR is a Microsoft Answer Associate for information and AI, infrastructure, digital and app innovation, fashionable work and safety.
“Noventiq’s world scale and G7CR’s expertise abilities mixed will allow us to supply a wider resolution providing, and deeper tech engagements, to our current and future prospects,” mentioned Christopher Richard, Managing Director and Founder, G7 CR Applied sciences India.
London-headquartered Noventiq is the brand new model identify of Softline Holding. The corporate connects over 75,000 organisations from all industries with tons of of IT distributors.
The corporate delivered turnover of roughly $1.1 billion within the fiscal 12 months 2021. It has 3,900 staff in nearly 60 international locations throughout Asia, Latin America, Europe, Middle East and Africa.
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