How it started
History
The company was founded in 1993 in Moscow under the name of Softline as a supplier of scientific software. It later expanded its list of partners with Microsoft, Symantec, IBM, and up to 500 other vendors.
Starting in 2002, it expanded with representative offices in a number of the Russian and CIS cities in the following years. By that time, its services included IT outsourcing and audit, SAP and Microsoft Dynamics consulting. Since 2008, Softline expanded to over 30 countries outside CIS. In 2009, the company launched a venture investment arm. In 2014, it opened a subsidiary in India.
In 2016, the company received investments from the Da Vinci Capital fund. The company has conducted a number of mergers and acquisitions with the help of the M&A team established in 2016, which was based in Moscow and London.
In 2020, Softline relocated its HQ to London. In the same year, its annual revenue exceeded $1.8 billion. In October 2021, Softline ran an IPO on LSE. Following the 2022 Russian invasion of Ukraine, in October, Softline ceased operations in Russia and sold its Russian assets to the company's founder Igor Borovikov. The same day the company announced a rebranding to Noventiq.
In April 2023, Borovikov sold Softline Russia to a local investor.
From Wikipedia’s article on Noventiq, shared under CC BY-SA 4.0.2