SoftwareOne to acquire Medalsoft to drive Greater China growth strategy

Media Release

SoftwareOne to acquire Medalsoft to drive Greater China growth strategy

Stans, Switzerland I 1 February 2024 – SoftwareOne Holding AG, a leading global software and cloud solutions provider, today announced that it has agreed to acquire Medalsoft, a cloud application solutions provider based in China. The acquisition furthers SoftwareOne’s growth strategy in the attractive APAC region, bringing a differentiated portfolio and delivery capabilities to serve multi-national clients on the Microsoft Cloud.

Founded in 2010 and headquartered in Shanghai, Medalsoft is a leading provider of cloud application solutions, committed to supporting clients in their digital transformation journeys. The company leverages the power of cloud computing, data, and AI to deliver modern workplace, application modernisation, cloud security solutions, and managed services. With approximately 160 employees, Medalsoft primarily serves multinational clients across diverse industries, including manufacturing, retail, and life sciences. As a Microsoft Cloud Partner with six competencies, Medalsoft has built a long-standing relationship over the past 10 years, solidifying its position as a trusted partner in the digital transformation space.

Raphael Erb, President of APAC at SoftwareOne, said “Greater China’s fast-growing digital economy offers a significant opportunity to accelerate our strong momentum in the region. With our proven track record in China, this acquisition unlocks further growth potential by enhancing our offering and expanding our delivery capabilities. Importantly, it also enables us to leverage our existing partnerships, particularly with Microsoft China. We are thrilled to welcome the talented team at Medalsoft to SoftwareOne as we take this important strategic step in APAC.”

“We are very excited to be joining forces with SoftwareOne, amplifying our combined strength and tremendous momentum in the region,” said Zhen (“Danny”) Huang, CEO and Co-founder of Medalsoft. “Together, we are uniquely positioned to unleash the vast potential of the Microsoft Cloud for our clients in Greater China.”

With strong hyperscaler partnerships, 3,500+ cloud experts and flexible end-to-end cloud services, SoftwareOne is a trusted advisor for cloud transformation. SoftwareOne helps build, migrate, modernise, and manage applications in the cloud, enabling organisations to innovate more and spend less. SoftwareOne is Microsoft’s leading Azure license sales partner and trusted source of Azure commercial and technical expertise. As a Microsoft Solutions Partner with all six designations and Azure Expert MSP, SoftwareOne holds Azure specialisations in Infrastructure, Digital & App Innovation, and Data & AI.

No financial details or transaction terms have been disclosed.

CONTACT

Anna Engvall, Investor Relations

Tel. +41 44 832 41 37, anna.engvall@softwareone.com

Stuart Marks, Content & External Communications

Tel. +44 7879 114427, stuart.marks@softwareone.com  

FGS Global, Media Relations

Tel. +41 44 562 14 99, press.softwareone@fgsglobal.com

ABOUT SOFTWAREONE

SoftwareOne is a leading global software and cloud solutions provider that is redefining how organisations build, buy and manage everything in the cloud. By helping clients to migrate and modernise their workloads and applications – and in parallel, to navigate and optimise the resulting software and cloud changes – SoftwareOne unlocks the value of technology. The company’s 9,250 employees are driven to deliver a portfolio of 7,500 software brands with sales and delivery capabilities in 90 countries. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the ticker symbol SWON. Visit us at www.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.