Noventiq (formerly Softline) is exploring alternative options to adjust the group’s assets and ownership structure
London, 6 May 2022 – Noventiq (formerly Softline) (LSE: SFTL), Global IT and digital transformation solutions provider headquartered in London and operating in 60 countries provides the following update.
Softline Holding plc began trading under the brand name Noventiq after divesting part of its business in October 2022.
Softline is committed to helping its clients with digital transformation in all of the geographies where it operates. It is clear that the ongoing geopolitical events have had a disproportionate influence on Softline’s market value, which does not now reflect the company’s fundamental value.
The company continues to proactively navigate the evolving market in Russia, mitigating impacts where possible, including certain disruptions on day to day operations, supply impacts, and vendor restrictions. The Russian and non-Russian businesses now differ significantly in operations, priorities, and go-to-market strategies. As a result, Softline is exploring alternative options to adjust the group’s assets and ownership structure in order to optimize value for all of its stakeholders.
Softline remains fully committed to serving customers globally with a focus on growth and addressing our customers, employees, vendors, and shareholders’ needs and values.
VP, Investor Relations