“The software and services industry continues the transition to a subscription business model heightened by digital transformation, with a strong demand for cloud services. SoftwareONE has always been at the forefront of driving industry innovation and delivering leading solutions and services that meet our customers’ evolving needs,” said Dieter Schlosser, SoftwareONE Executive Management Team.
“The acquisition of COMPAREX is an important step in this journey, and together we will have the scale, geographic footprint, comprehensive portfolio and wide-ranging capabilities needed to provide our customers with enhanced service quality and stability around the world. We are thrilled to welcome COMPAREX employees to our organization as we continue to build the future of our industry,” said Neil Lomax, SoftwareONE Executive Management Team.
The combination is fully aligned with SoftwareONE’s focus on long-term growth and investment in the company’s employee base. SoftwareONE is committed to both the personal and professional development of its employees, who will receive significant opportunities to flourish as part of a leading global organization. To support this, COMPAREX’s Chief Executive Officer Thomas Reich and Chief Sales Officer Marc Betgem will join the SoftwareONE Executive Management Team.
“Our employees are our strongest asset and number one priority, a belief that SoftwareONE shares and has proven in its commitment to its workforce throughout its history,” said Thomas Reich, CEO of COMPAREX. “By bringing together the knowledge and talents of both companies, we will enable our customers globally to stay more competitive in their industries through the advanced global solutions and services we deliver.”
“SoftwareONE’s relentless focus on its customers, and their commitment to continuously innovate on their behalf, perfectly aligns with COMPAREX’s culture. Our growth rates have been significant in the past and we will accelerate that growth. We will be a leading player in the market and we will deliver more and more value for our customers. I look forward to being a part of the combined company and joining the SoftwareONE Executive Management Team, and am excited for what we will accomplish as one company,” said Marc Betgem, CSO of COMPAREX.
SoftwareONE will maintain its headquarters in Stans, Switzerland. Together, the company will have more than 200 locations across 88 countries, with an ability to support across 150 countries. COMPAREX’s Leipzig campus will continue to play an important role in serving global and EMEA customers.
“The combined company will be built upon a “best-of-both” approach, bringing together SoftwareONE’s entrepreneurial culture with COMPAREX’s process-driven experience. We look forward to integrating COMPAREX’s deep technical knowledge into our own, sharing with our new colleagues all that SoftwareONE has to offer, and welcoming incredible talent from the company to advance our combined business. As one company, we will invest into the most talented team of colleagues in our industry to drive solutions and outcomes for our customers, at an even greater pace,” said Alex Alexandrov, SoftwareONE Executive Management Team.
Closing is expected in the first half of 2019. The acquisition is subject to customary closing conditions, including the receipt of required regulatory approvals.