Noventiq, a digital transformation and cybersecurity provider, generated a record $1.6 billion (£1.3bn) turnover in the 12 months to 31st March 2023.
The firm, listed and headquartered in London, saw 40% turnover growth and a 50% climb in gross profit to $176.3m (£142m). It connects more than 75,000 organisations from all industries with hundreds of IT vendors, while also delivering its own services and solutions.
Noventiq, formerly known as Softline, is expected to list on New York’s Nasdaq exchange via a merger with Corner Growth Acquisition Corp. Its 6,400 employees work in almost 60 countries throughout Asia, Latin America, Europe, the Middle East and Africa – with a focus on markets with significant growth potential.
The company established a presence in eight new countries this year and says it experienced strong double-digit growth across four regions in FY22. The APAC region delivered particularly strong growth, with approximately 40% growth year-over-year, predominantly driven by Noventiq’s operations in India.
“Our exceptional performance this year is a testament to the relevance of our strategy, and the strength of our team,” said global CEO Hervé Tessler.
“We have incredible momentum in the business, and I am proud that we have delivered above the business outlook for the year that we outlined on our last call.
“We have invested and transformed our business at unprecedented pace and scale as we expanded our competitive reach and capabilities into thriving new markets.
“I want to thank our 6,400 talented people around the world, whose agility, and unwavering commitment to delivering for our customers makes us the partner of choice for digital transformation in the high growth markets where we operate.”