Noventiq closes DigiTech acquisition

Noventiq (LSE: SFTL), the global digital transformation and cybersecurity solutions and services provider, announces today the closing of the acquisition of Egypt-based DigiTech.

In September 2021, Noventiq (formerly Softline) signed an agreement to establish a joint-venture with DigiTech strengthening Noventiq’s North African presence.

DigiTech is one of the leading and fastest growing Microsoft partners in Egypt with both Microsoft Cloud Solution Provider (CSP) and Licensing Solution Provider (LSP) status. It has deep expertise in cloud services, particularly Azure computing and M365, a mature cloud-based suite for delivery of cloud services. DigiTech boasts high profitability, cash generation and a substantial network of Public Sector and Commercial Customers.

Through this acquisition, DigiTech has now access to Noventiq’s global solutions and services portfolio covering security, infrastructure, virtualization, and other global vendors which will help the Egyptian company to diversify its technology offerings around multi-cloud and modern workplace solutions by accessing Noventiq’s shared services delivery centres in India.