Global IT and digital transformation solutions and services provider Softline has acquired Indian digital infrastructure and cybersecurity solutions and services company Value Point Systems.
The transaction further strengthens Softline´s business operations and capabilities in cybersecurity, digital infrastructure, managed solutions and services in India.
Bengaluru-based Value Point System´s 2,000 local customers will now have access to Softline´s full portfolio of solutions and services.
With over 30 years´ experience, Value Point Systems has over 1,200 employees distributed in seven offices across the country. The company provides end-to-end next generation digital infrastructure and cybersecurity solutions in India with technology partners such as AWS, Cisco, CrowdStrike, Hewlett Packard Enterprise, HP, Microsoft, VMWare, Zscaler, among others.
“Throughout the years, Value Point Systems has built a portfolio which today includes six end-to-end solutions and services: cybersecurity, data centre modernisation, network transformation, cloud transformation, digital workplace, and IT managed services. These solutions will completement Softline’s own portfolio,” the company said in a statement on Monday.
“According to a recent report by NTT, 96.3% of businesses in India see cloud as something critical to transforming their business. Today, there are 1.48 million companies in India who are the at the cusp of adopting cloud or implement advanced cybersecurity solutions to protect their assets. Softline plans to help them choose the right digital and cybersecurity solutions in their quest to become more successful by adding efficiency, speed, security and simplicity to their daily work. Thanks to the acquisition of Value Point Systems, Softline will now be able to complement its portfolio of cloud and cybersecurity solutions, as well as its IT management services workforce,” said Vinod Nair, VP of global sales, general manager for Softline India.
“We are bringing in a company with over 30 years’ experience in the market, and a value set that is accretive for our customers besides helping us reinforce our local footprint in India.”
Once the acquisition of Value Point Systems is completed, Softline will strengthen its global cybersecurity proposition with the capabilities of VPS’ Security Operation Centre. Value Point Systems’ cybersecurity integration capabilities, and cybersecurity consultancy offering, will augment Softline´s existing services, the statement added.
Also, Value Point Systems will bring more than 800 highly skilled digital engineers to Softline´s team. These professionals will continue to deliver digital infrastructure management and transformation services to customers in India augmenting what is now being done by Softline´s team.
“Value Point Systems constitutes the fourth acquisition made by our company in 2022, accelerating the three-dimensional growth strategy that we announced at our last year´s IPO. We invest in India for India, and our goal is to make our subsidiary in India a $1billion business thanks to the rapid organic growth and to the success of companies like Value Point Systems,” said Hervé Tessler, CEO at Softline International.
“We are truly excited to become part of Softline. Thanks to this new step in our company´s journey, we will now be able to grow beyond our highest expectations, and will also have access to the world´s top vendors solutions and services and to Softline’s own portfolio which will enable our teams to offer an even better and wider range to our customers,” added RS Shanbhag, founder, chairman and CEO at Value Point Systems.