Noventiq (formerly Softline) acquires TC Engineer, strengthening its hand in cybersecurity consulting
London, 31 January 2022 – Softline (LSE: SFTL), the global IT and digital transformation provider, today announces the signing of an agreement to acquire TC Engineer. The acquisition is in alignment with Softline’s three-dimensional growth strategy as it broadens its cybersecurity capabilities.
Softline Holding plc began trading under the brand name Noventiq after divesting part of its business in October 2022.
With TC Engineer’s expertise in compliance, GDPR and cybersecurity awareness training, Softline will expand the portfolio of cybersecurity services available to its customers. In addition, TC Engineer’s team of around 50 professionals is equipped to deliver the entire spectrum of cybersecurity consulting services, including ISO/IEC 27001, ISO 27017, ISO 27018 and ISO 27701 compliance services, enhancing Softline’s ability to meet the requirements of even the most complex projects.
Igor Borovikov, The Founder and the Chairman of Softline Group noted: “We continue to deliver on the consistent execution of our three-dimensional strategy of geographic, portfolio and sales channel expansion. This acquisition strengthens our cybersecurity service capabilities, which are critically important and required by customers all over the world”
Sergey Chernovolenko, CEO of Softline Group commented on the acquisition, “TC Engineer has built a superb team, and the company is in close alignment with Softline’s goals as a global digital transformation and cybersecurity solution provider. TC Engineer have managed to establish long-term relationships with clients, both large and small, operating in a variety of sectors and industries around the world.
We look forward to having professionals like TC Engineer on board, working with us to help our customers in their digital transformation journey.”
Nikolay Agrinskiy, founder of TC Engineer said, “Established in 2015 in Russia as a small consulting business with a few clients, TC Engineer has achieved annual growth rates of 70% over the past 4 years, and now works with a diverse array of customers throughout the EU, US, and Russian Federation. The Company’s highly-qualified team, which holds international certification in CISA, CISM and CISSP, is excited to be working with Softline to help them extend their reach in cybersecurity for their customers.”
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Softline is a leading global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London. The company enables, facilitates and accelerates the digital transformation of its customers’ businesses, connecting over 150,000 organizations from all industries with over 6,000 best-in-class IT vendors, and delivering its own services and solutions. Softline is executing its three-dimensional growth strategy of geographic, portfolio and sales channel expansion.
Currently one of the fastest growing companies in the sector, Softline achieved a turnover of US$1.8 billion in the fiscal year of 2020. In October 2021, the company listed on the London and Moscow stock exchanges. Since the end of fiscal year 2020, Softline has acquired several companies with the total annual turnover of roughly US$200 million.
Softline's 6,500 employees work in almost 60 countries throughout Asia, Latin America, Eastern Europe and Africa – markets with significant growth potential. The company delivers a comprehensive range of IT solutions and is at the center of the digital transformation megatrend.