Noventiq acquires G7 CR Technologies, India's leading Cloud managed services provider

CIOTechOutlook Team | Friday, 16 December 2022, 11:49 IST

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Noventiq, a global provider of cybersecurity and digital transformation solutions, stated on Friday that it has acquired G7 CR Technologies India Pvt Ltd, a leading Microsoft partner in the nation, for an undisclosed fee in order to grow its company in India to $1 billion.

This acquisition further solidifies Noventiq's position as the industry leader in India, one of the world's fastest-growing IT markets, for Microsoft products.

G7 CR, which has its headquarters in Bengaluru and presently serves over 600 clients from small and medium-sized enterprises (SMEs), large corporations, the government, and startup companies throughout India, will send 200 professionals to Noventiq.

"This deal marks our fourth acquisition in this nation, demonstrating how crucial it is to our plan to keep investing in India for India. Mid-term, we want to establish a $1 billion business in India "CEO of Noventiq, Sergey Chernovolenko, remarked.

In the previous two years, Noventiq has purchased Value Point Systems (in October), Umbrella Infocare (in February), and Embee (in January 2021) in India.

For data and AI, infrastructure, digital and app innovation, contemporary work, and security, G7 CR is a Microsoft Solution Partner.

According to Christopher Richard, Managing Director and Founder of G7 CR Technologies India, "Noventiq's worldwide scale and G7CR's technological skills combined will enable us to give a wider solution offering, and deeper tech engagements, to our present and potential customers."

The new name for Softline Holding is Noventiq, which has its headquarters in London. The business links more than 75,000 organisations across all sectors with a large number of IT vendors.

During the fiscal year 2021, the company generated revenues of about $1.1 billion. 3,900 people work for it in around 60 nations in Asia, Latin America, Europe, the Middle East, and Africa.

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