Announced
Completed
Financials
Tags
Business Process Outsourcing
Domestic
Majority
Acquisition
Friendly
United Arab Emirates
Single Bidder
information and communication technology
Completed
Public
Synopsis
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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