Softline International
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Noventiq Holdings plc (formerly known as Softline Holding plc) is an Information technology company focusing on digital transformation and cybersecurity. Headquartered in London, and incorporated in Cayman Islands, the company operates in roughly 60 countries in Western and Eastern Europe, Central and Southeast Asia, Latin America, India, and the Middle East. Softline Holding Plc, the holding company of the Softline Group, is a Cyprus registered company with the headquarters in London operating in Russia, Eastern Europe, Central Asia, Americas, India and Southeast Asia covering 95 cities in more than 50 countries.
Business in Russia
IT firm Softline expects turnover to decline in major market Russia. The European Bank for Reconstruction and Development (EBRD) EBRD.UL has sold its 5.3% stake in Moscow Exchange MOEX.MM to IT company Softline SOFL.MM, Forbes Russia reported on Monday, citing two people familiar with the matter. Company's revenues from projects in the field of information security in Russia reached 23.4 billion rubles in 2022.
Decision trail
Decision date 01/11/2023 · Reference ↗
London-listed information technology firm Softline said, it would sell its Russian business to its founder Igor Borovikov or an entity controlled by him. Softline system integrator is negotiating the purchase of Forward Leasing (Forward Leasing LLC), which provides a “subscription” service for smartphones and other user devices, including laptops, in the leasing format – a buyout with a low monthly payment and the ability to exchange a device for a new one. until the entire amount is paid. 08.2023: Authorized capital increased from 100,000 rubles to 120,000 rubles | Kichko Dmitry Vladimirovich becomes the new founder of the organization. Russian part of the group was sold to the ZPIF of Tethys Capital Management Company. The government subcommittee did not approve the deal for the acquisition of a stake in Mosbirzha by the Softline group of companies from the European Bank for Reconstruction and Development (EBRD). Russian software firm Softline expects to grow 36% in 2025. 24.09.2025: The legal entity SOFTLINE ARCTICA LLC was liquidated.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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