London-based digital solutions provider Softline has acquired an 85% stake Academy IT, a Russia-based edtech company. The move will help Softline provide corporate training and learning management solutions in tandem with its existing technology education and training business.
Sergey Chernovolenko, Softline’s CEO, said: “We are excited to soon welcome Academy IT to the team. Our mission is to guide our customers through their digital transformations, so that they are able to keep doing business as efficiently as possible in this ever-changing world. Customers around the world can now rely on Softline to deliver a one-stop-shop for their bespoke technology training requirements.”
London-listed Softline’s primary offerings include solutions and services for digital transformation and cybersecurity projects. It claims to connect over 150,000 companies with over 6,000 IT vendors, in addition to delivering its own services and solutions.
The company employs over 6000 people worldwide and operates in around 60 countries.
Academy IT was founded in Moscow, Russia back in 1993 and it achieved a turnover of US$ 1.8bn in the fiscal year of 2020. It develops and offers corporate training solutions, and over 300,000 IT specialists are claimed to have trained at its learning centre over the past 18 years.
It is registered as an education provider with the Project Management Institute (PMI) with over 10,000 clients across 10 Russian cities that are from oil and gas, financial and transport sectors.
Igor Morozov, CEO of Academy IT, said: “We are very proud to be becoming a part of the Softline family. The merged business will offer customers an unprecedented level of variety and specificity in their choice of training solutions. With courses from leading vendors on digital professions and technological solutions for online education and training, Softline’s educational ecosystem has never been better equipped to meet the needs of corporate customers.”