Softline acquires Umbrella Infocare
By MYBRANDBOOK
Softline announces the signing of an agreement to acquire Delhi-based cloud services company Umbrella Infocare, in line with the company’s three-dimensional growth strategy.
This acquisition will form the basis for creating Softline’s global AWS Centre of Excellence for customers in almost 60 countries, giving them access to market leading cloud engineering and development services.
The deal will significantly grow Softline’s presence in the territory while seriously strengthening its cloud services offering for its global customer base. It also demonstrates Softline’s ambition to continue its phenomenal pace of growth in India, where the public cloud services market is expected to grow at a CAGR of 21.5% for 2020-25.
Sergey Chernovolenko, CEO of Softline Group, said, “The skills that the highly sophisticated and trusted engineering team of Umbrella Infocare will bring to us are in high demand around the world. Umbrella Infocare’s brilliant team of cloud-native engineers and specialists joins Softline at a pivotal time, when digital transformation underpinned by cloud technologies can no longer be seen as an afterthought by businesses around the world, but as an essential journey.”
Gurprit Singh and Sanjay Agarwal, Co-Founder and Managing Partners, Umbrella Infocare said, “We are delighted to be joining Softline at this crucial moment in its growth story and look forward to becoming part of its global A team. Joining our forces will allow us to offer our services to customers in many countries beyond India. The transformation drive, further catalysed by the pandemic means that companies can no longer sit back and carry on as before. They need to embark on those business-critical cloud journeys to ensure that their businesses can remain competitive.”
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