Softline, a global solutions and services provider in digital transformation and cybersecurity headquartered in London, plans to list on the London Stock Exchange.
Founded in Moscow in 1993 by Igor Borovikov, Softline connects over 150,000 enterprise customers across a comprehensive range of industries with more than 6,000 IT vendors.
It also delivers its own services and proprietary solutions.
The group had a turnover of more than £1.3 billion for the year ended 31st March 2021, employs 6,000 people globally and operates in more than 50 countries across emerging markets.
“Softline is an indispensable partner to organisations undergoing digital transformations across industries,” said chairman Borovikov.
“The company has a resilient, scalable business model and is at the centre of the digitalisation trend, as a unique, much needed, platform that connects vendors and customers worldwide.
“Proceeds from the IPO will enable us to further invest in providing the best IT solutions and services to our customers and will support the development and execution of our ambitious growth strategy.
“This strategy combines organic expansion and complimentary M&A transactions, enabling us to continue to deliver a full range of IT services to a large and growing market of customers, while strengthening robust and long-standing relationships with an expanding universe of partner vendors.”
Its product lines are software & cloud – which represented 84% of turnover and 61% of gross profit in the last financial year – hardware, and services.