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New Deal


Announced

Completed

Noventiq completed the acquisition of Seven Seas Technology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Business Process Outsourcing

Domestic

Majority

Acquisition

Friendly

United Arab Emirates

Single Bidder

information and communication technology

Completed

Public

Synopsis

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Noventiq, an IT and digital transformation solutions provider, completed the acquisition of Seven Seas Technology, an operator of a information and communication technology business. Financial terms were not disclosed. "The closure of this acquisition represents an incredible step in Noventiq's journey as it sets a precedent for the company to establish its footprint in a region with an enormous potential for growth. For me, as the founder of Softline, now rebranded as Noventiq, it is a great pride to see the company expanding to other markets, to attract excellent talent from different regions, and to witness its success," Igor Borovikov, Noventiq Founder.

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