M and A
Deals Of The Day: The Latest In Wealth Management M&A – Softline, Value Point Systems
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The latest merger and acquisition deals in wealth management in Asia.
Softline, the UK-listed IT and digital transformation solutions and services provider, has agreed to buy Indian digital infrastructure and cybersecurity solutions and services company Value Point Systems.
The transaction will bolster Softline´s business operations and capabilities in cybersecurity, digital infrastructure, managed solutions and services in India, the firm said in a statement earlier this week.
Value Point System´s 2,000 India clients can now use Softline´s portfolio of solutions and services. Value Point Systems has more than 1,200 employees across India.
The deal gives Softline access to a firm that has worked with tech partners such as AWS, Cisco, CrowdStrike, Hewlett Packard Enterprise, HP, Microsoft, VMWare, Zscaler, among others.
Softline, which held its primary listing in London in 2021, said the move will, among other things, strengthen its global cybersecurity proposition with the capabilities of VPS' Security Operation Centre.
More than 800 digital engineers will join Softline´s team.
During the 2021 financial year, Softline chalked up an annual turnover of $2.2 billion.
