Softline acquires software development company MMTR Technology Ltd

London, United Kingdom, February 03, 2022 –(– Softline (LSE: SFTL), the global IT and digital transformation provider, today announces that it has signed an agreement to acquire MMTR Technology. The agreement will allow Softline to better provide its customers around the world with the skills of the best talent in emerging markets, helping to meet the ever-increasing demand for IT specialists in engineering, modernization and application testing. Additionally, MMTR’s resource management tools will enable Softline to more effectively deliver the required expertise to customers.

MMTR Technology is a software development and application engineering specialist employing over 440 software engineers, with a focus on business process automation and quality assurance testing. The company is particularly renowned for its expertise in developing sophisticated and complex high-load systems, automated testing, business and data analytics, and data warehouses and marketplaces. Its offering also includes market-leading QA services and staffing tools, and the company is known for its training lab, which is geared towards developing English-speaking testers and developers.

The acquisition is another important step in Softline’s 2022 growth strategy and the company’s mission to expand its range of capabilities for application engineering and next-generation software development. Softline is now able to provide its customers with full support during the application development cycle, including the hiring and training of software engineering personnel. The range of training capabilities offered by MMTR Technology complements those of Academy IT, which Softline announced the acquisition earlier this month.
Igor Borovikov, Founder and Chairman of Softline Group, explained: “Our three-dimensional growth strategy of increasing our geographical presence, our portfolio of solutions and services and strengthening our sales channel is supported by our mergers and acquisitions activity. We promised our new investors that we would invest the vast majority of the US$400 million in capital raised in strategic and targeted mergers and acquisitions using beneficial multipliers. With this acquisition, we are strengthening our services capability by onboarding hundreds of software engineers to Softline to complement our existing workforce of over 1,000 software specialists. Together with the team joining us through the recently announced SoftClub transaction, this brings our total number of software engineers to approximately 2,500, which means we are 50% of our plan to have 5,000 engineers. software in the near future.

Sergey Chernovolenko, CEO of Softline, said: “What sets us above the competition in the eyes of customers is our unparalleled understanding of digital transformation and cybersecurity, and our ability to meet all requirements. computers that a modern company might have.

“For many companies we meet, innovation and improvement plans are totally dependent on software development, application engineering and modernization. This is why the acquisition of MMTR Technology is so important – it allows us to mobilize a talented software engineering team, while giving us additional tools and training solutions to further increase the capabilities and scale of the business. global software development offer from Softline.

“We see this acquisition as a powerful catalyst for growth, in line with our ambitious plans for 2022 and beyond.”

Roman Smirnov, CEO of MMTR technology, said, “We are very pleased to join the Softline team at such an exciting time, and I believe our team will bring a tremendous amount to the table, helping the company achieve its goals of growth. There has never been more demand globally for IT expertise in application engineering, modernization and testing, and we are perfectly positioned to take advantage of it.

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