LONDON, UK: Noventiq (LSE: SFTL) signed an settlement to acquire one of India’s principal Microsoft partners, G7 CR Technologies India Pvt Ltd.
This acquisition additional strengthens Noventiq’s place because the main participant within the marketplace for Microsoft options in India, one of many world’s quickest rising IT markets.
G7 CR Technologies, which currently works with over 600 customers from the SME, enterprise, government, and start-up sectors throughout India, will bring 200 excellent professionals to Noventiq’s family.
Headquartered in Bengaluru, G7 CR Technologies was based in 2012. Since the beginning, the corporate has focused on offering primarily Microsoft Azure-based options and services in addition to Microsoft products. In addition to this, G7 CR is a Microsoft Solution partner for Data & AI, Infrastructure, Digital & App Innovation, Modern Work & Security.
G7 CR has received Microsoft’s Country Partner of the Year Awards in 2019 and 2020. G7 CR additionally has a strong presence within the Middle East which enhances Noventiq’s growth technique in that region.
This transaction follows a series of acquisitions made by Noventiq in India within the previous two years; Value Point Systems, which was introduced in October 2022, Umbrella Infocare, acquired in February 2022, and Embee, acquired in January 2021.
All these companies, along with G7 CR, complement Noventiq´s capabilities to ship the most modern set of options and services to customers of all types on this dynamic market – from large Indian global corporations to digital-natives born within the cloud. This set of choices includes multi-cloud solutions, software, cybersecurity and infrastructure.
Sergey Chernovolenko, CEO at Noventiq, commented: “We are extraordinarily happy to welcome G7 CR team to Noventiq. This transaction represents our fourth acquisition on this nation which shows how important it’s for our technique to proceed to make investments in India, for India. Our goal is to have a $1Bn enterprise in India within the mid-term, and thanks to the incorporation of profitable organisations like G7 CR, this goal will become a actuality soon.
This acquisition is especially important because through G7 CR we will be able to spice up our Microsoft Azure services business, in addition to higher entry India’s vibrant sector of high-tech companies and start-ups.”
Christopher Richard, Managing Director and Founder, G7 CR Technologies India Pvt Ltd, said: “We are very proud to have captured the attention of Noventiq’s management team. Noventiq’s global scale and G7CR’s technology skills mixed will allow us to present a wider solution offering, and deeper tech engagements, to our existing and future customers. Further, this acquisition will give G7 CR entry to a full portfolio of options and services from a number of global technology providers, in addition to the chance to collaborate with a team of almost 3,900 excellent professionals. By becoming a member of Noventiq, we will contribute to their technique of increasing Noventiq’s footprint throughout India and beyond.”