Igor Borovikov, a Softline's founder and Chairman of the Board of Directors, completed the acquisition of the Russian business of Softline, a company which provides IT solutions and services, for $1. “Together, we have built a great company, with a very strong track record for growth, and this provides a solid foundation for the next chapter for both independent organisations that will be leaders in their markets, Softline Russia and Softline Global. During this time of unprecedented change in our history, we have demonstrated an unwavering focus on delivering tangible value for our customers, while driving strong business results in line with our commitment to shareholders. It is an honour for me to lead Softline during this extremely important business period in our history, and I am confident that both companies will continue their progress with investments, growth and strategic initiatives to strengthen their leadership,” Sergey Chernovolenko, Softline CEO.