Noventiq, Softline's international business, plans to re-register in the Cayman Islands. Сompany is now registered in Cyprus. After the division of Softline business into Russian and international divisions, the advantages associated with Cyprus have become less significant for Noventiq Group. In addition, a number of companies listed in the U.S. have domici...

Softline Group announced the acquisition of 51% in Polymatica, a Russian developer of low-code analytical tools. Softline plans to use the Polymatica product line to expand its offerings for corporate customers, along with other Russian solutions that replace Microsoft software. Now Polymatica products are already implemented in the public sector, retail, en...

Noventiq's turnover for 6 months of fiscal year 2022 was $691.09 million, up 32% from $522.54 million in the previous year. Software & Cloud turnover increased by 25% to $596.42 million, IT services - by 2 times to $61.34 million, hardware - by 2.5 times to $33.32 million.

Loss of Noventiq (Softline) by IFRS in Q2 FY2022 amounted to $3.577 million, having doubled from $1.749 million in the previous year. Revenue increased by 40.4% to $305.88 million compared to $217.82 million a year earlier.