SoftwareONE acquires controlling stake in SynchroNet, a leading cloud specialist for AWS digital workplace solutions

Stans, Switzerland I 4 May 2021 - SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, today announced that it has acquired a controlling shareholding in SynchroNet, an AWS-focused cloud specialist in digital workplace solutions. The acquisition expands SoftwareONE's capabilities in the fast-growing market of cloud-based services for remote working and complements its global AWS services portfolio.

SynchroNet (www.synchronet.com) is a recognized global leader of AWS (Amazon Web Services) digital workplace solutions for large enterprises and public sector organizations. Its range of offerings includes professional services, managed services and SaaS solutions for Desktop-as-a-Service (DaaS) and virtual desktop solutions such as Amazon WorkSpaces and Amazon AppStream 2.0. With deep domain expertise in the AWS ecosystem, the company has helped customers enable secure remote working and collaboration for hundreds of thousands of employees and contractors. SynchroNet is an AWS Advanced Consulting Partner since 2018.

Ashley Gaare, President of SoftwareONE North America, said "We are excited to welcome SynchroNet and its great team of cloud technology and AWS experts to the SoftwareONE family. With their established position as a provider of digital workplace solutions on AWS, they will add strong capabilities to address the growing market for cloud-based remote work and further strengthen SoftwareONE's market position in the US in particular."

Javid Khan, AWS Global Director of SoftwareONE, said "This acquisition complements our existing AWS services portfolio with our core focus in helping customers migrate and modernize their applications and mission-critical workloads on AWS. By extending our reach to end user computing, we can provide an overall end-to-end digital transformation on AWS."

"The combination of highly attractive market conditions and cultural alignment has created a unique opportunity for SoftwareONE and SynchroNet to join forces," added Darin Cook, CEO of SynchroNet. "By bringing our digital workplace solutions and expertise in AWS to SoftwareONE's existing capabilities, we can leverage our combined expertise to deliver cloud-first workspaces, addressing customers' distributed workforce and security needs on any device. We are very excited and proud to become a part of SoftwareONE."

Darin Cook will continue to lead SynchroNet's business and its approximately 60 employees as they join SoftwareONE and its global AWS practice.

Layer 7 Capital acted as Synchronet’s exclusive financial advisor for this transaction. No financial details or transaction terms have been disclosed.

About SoftwareONE

SoftwareONE is a leading global provider of end-to-end software and cloud technology solutions, headquartered in Switzerland. With an IP and technology-driven services portfolio, it enables companies to holistically develop and implement their commercial, technology and digital transformation strategies. This is achieved by modernizing applications and migrating critical workloads on public clouds, while simultaneously managing and optimizing the related software and cloud assets and licensing. SoftwareONE's offerings are connected by PyraCloud, its proprietary digital platform, which provides customers with data-driven, actionable intelligence. With around 7,700 employees and sales and service delivery capabilities in 90 countries, SoftwareONE provides around 65,000 business customers with software and cloud solutions from over 7,500 publishers. SoftwareONE's shares (SWON) are listed on SIX Swiss Exchange. For more information, please visit SoftwareONE.

About Layer 7 Capital

Layer 7 Capital is a boutique investment bank focused on providing advisory services to companies within the Digital Transformation, Software-as-a-Service, Infrastructure-as-a-Service, Managed Services and Artificial Intelligence verticals. Layer 7's services include buyside and sellside M&A, strategic planning, valuation analysis and debt capital placement for sector companies and their current and potential investors. For more information about Layer 7, please visit www.layer7capital.com.