EQS Group-News: SoftwareONE Holding AG / Key word(s): Acquisition
SoftwareONE acquires controlling stake in SynchroNet, a leading cloud specialist for AWS digital workplace solutions
Stans, Switzerland I 4 May 2021 - SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, today announced that it has acquired a controlling shareholding in SynchroNet, an AWS-focused cloud specialist in digital workplace solutions. The acquisition expands SoftwareONE's capabilities in the fast-growing market of cloud-based services for remote working and complements its global AWS services portfolio.
SynchroNet (www.synchronet.com) is a recognized global leader of AWS (Amazon Web Services) digital workplace solutions for large enterprises and public sector organizations. Its range of offerings includes professional services, managed services and SaaS solutions for Desktop-as-a-Service (DaaS) and virtual desktop solutions such as Amazon WorkSpaces and Amazon AppStream 2.0. With deep domain expertise in the AWS ecosystem, the company has helped customers enable secure remote working and collaboration for hundreds of thousands of employees and contractors. SynchroNet is an AWS Advanced Consulting Partner since 2018.
Ashley Gaare, President of SoftwareONE North America, said "We are excited to welcome SynchroNet and its great team of cloud technology and AWS experts to the SoftwareONE family. With their established position as a provider of digital workplace solutions on AWS, they will add strong capabilities to address the growing market for cloud-based remote work and further strengthen SoftwareONE's market position in the US in particular."
Javid Khan, AWS Global Director of SoftwareONE, said "This acquisition complements our existing AWS services portfolio with our core focus in helping customers migrate and modernize their applications and mission-critical workloads on AWS. By extending our reach to end user computing, we can provide an overall end-to-end digital transformation on AWS."
"The combination of highly attractive market conditions and cultural alignment has created a unique opportunity for SoftwareONE and SynchroNet to join forces," added Darin Cook, CEO of SynchroNet. "By bringing our digital workplace solutions and expertise in AWS to SoftwareONE's existing capabilities, we can leverage our combined expertise to deliver cloud-first workspaces, addressing customers' distributed workforce and security needs on any device. We are very excited and proud to become a part of SoftwareONE."
Darin Cook will continue to lead SynchroNet's business and its approximately 60 employees as they join SoftwareONE and its global AWS practice.
No financial details or transaction terms have been disclosed.
Patrick Zuppiger, Media Relations
Anna Engvall, Investor Relations
SoftwareONE is a leading global provider of end-to-end software and cloud technology solutions, headquartered in Switzerland. With an IP and technology-driven services portfolio, it enables companies to holistically develop and implement their commercial, technology and digital transformation strategies. This is achieved by modernizing applications and migrating critical workloads on public clouds, while simultaneously managing and optimizing the related software and cloud assets and licensing. SoftwareONE's offerings are connected by PyraCloud, its proprietary digital platform, which provides customers with data-driven, actionable intelligence. With around 7,700 employees and sales and service delivery capabilities in 90 countries, SoftwareONE provides around 65,000 business customers with software and cloud solutions from over 7,500 publishers. SoftwareONE's shares (SWON) are listed on SIX Swiss Exchange. For more information, please visit SoftwareONE.com.
SoftwareONE Holding AG, Riedenmatt 4, CH-6370 Stans
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This media release may contain certain forward-looking statements relating to the group's future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to force majeure, competitive pressures, legislative and regulatory developments, global, macroeconomic and political trends, the group's ability to attract and retain the employees that are necessary to generate revenues and to manage its businesses, fluctuations in currency exchange rates and general financial market conditions, changes in accounting standards or policies, delay or inability in obtaining approvals from authorities, technical developments, litigation or adverse publicity and news coverage, each of which could cause actual development and results to differ materially from the statements made in this media release. SoftwareONE assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.
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SoftwareONE Holding AG
+41 44 832 41 69
SIX Swiss Exchange
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