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Techday NZ
6 days ago
- Business
- Techday NZ
SoftwareOne completes Crayon deal, forming CHF 1.6 billion giant
SoftwareOne has announced the completion of its recommended voluntary offer for all issued and outstanding shares in Crayon. The transaction combines SoftwareOne and Crayon, two software and cloud solutions providers with a joint revenue of approximately CHF 1.6 billion and a total workforce of about 13,000 employees across more than 70 countries. Settlement of the offer has been executed, with accepting Crayon shareholders receiving NOK 69 in cash and 0.8233 of a newly issued SoftwareOne share per Crayon share. SoftwareOne shares will commence trading on Euronext Oslo Børs. Transaction details The acquisition followed the fulfilment of all closing conditions, as previously announced. The consideration included both cash and shares, and the settlement notification has already taken place. SoftwareOne intends to proceed with a compulsory acquisition of the remaining Crayon shares, with a subsequent delisting of Crayon shares from Euronext Oslo Børs expected within the same month. Commenting on the transaction, Raphael Erb, Co-CEO of SoftwareOne, said: "Today marks an important milestone as SoftwareOne and Crayon join forces, combining two leading global providers of software and cloud solutions." The process of integrating the companies will now commence, with thorough 'Day 1 readiness' preparations having taken place since early 2025. The integration is supported by dedicated working groups covering key business functions such as strategy, sales and marketing, people and culture, IT, and finance. SoftwareOne's planned governance structure will oversee execution and support the post-merger transition. Leadership perspectives Melissa Mulholland, Co-CEO of SoftwareOne, commented: "As we embark on this new chapter together, we are both excited and well-prepared for Day 1. With our talented teams globally, in-depth expertise and capabilities, as well as deep hyperscaler partnerships, we will be excellently positioned to support customers on their digital transformation journeys. Today marks a unique moment to unlock opportunities and deliver significant value creation for all stakeholders." Nicole Dezen, Corporate Vice President and Chief Partner Officer at Microsoft, also provided a perspective from a key industry partner: "At Microsoft, we've been proud to call both Crayon and SoftwareOne strategic partners. Together, they become one of our largest partners, better positioned than ever to serve our mutual customers with broader reach, deeper expertise, and enhanced capabilities. We're excited about the opportunities this combination brings for the innovation we will jointly deliver and the impact this will have on our shared customers." Strategic rationale and financial outlook The combined company's strategic rationale is centred on complementary geographies and offerings, diversified customer base, and aligned values and cultures. SoftwareOne has estimated annual cost synergies of between CHF 80-100 million within eighteen months, in addition to its previously completed cost reduction programme. The company expects one-off implementation costs to be on par with these annual synergies. The transaction is funded by bridge facilities of approximately CHF 700 million, which will cover the total cash consideration of about CHF 515 million, inclusive of the compulsory acquisition, and provides refinancing of Crayon's existing debt. SoftwareOne intends to refinance the bridge into a long-term financial structure around completion, with net debt to adjusted EBITDA projected to be below 2.0 times by the end of 2025. The firm will maintain its dividend policy, retaining a pay-out ratio of 30-50% of adjusted net profit. Integration and branding The integration process starts with an established governance model and includes the implementation of a joint operating model, alignment of go-to-market offerings, IT systems integration, and legal structure consolidation where appropriate. Customer relationship retention and talent safeguarding remain core priorities during this transition. The combined organisation will operate under the SoftwareOne name and logo, retaining Crayon's brand heritage and customer approach within the evolved SoftwareOne brand. During a transition period, both brands will be visible to ensure continuity for customers, employees, and partners. Market listing and shareholder information SoftwareOne has issued more than 62 million new shares in connection with the transaction, resulting in a total of over 221 million issued shares, including treasury shares. The company's founding shareholders collectively hold 20.8% of the post-transaction share capital. Following completion of secondary listing, SoftwareOne shares will be cross-tradable between Euronext Oslo Børs and the SIX Swiss Exchange via Norwegian central security depository instructions. The joint company's executive board is led by Co-CEOs Raphael Erb and Melissa Mulholland, with regional presidents appointed for local oversight. SoftwareOne is headquartered in Stans, Switzerland, while Oslo will remain a significant centre for sales and other business operations. The half-year results for 2025 are scheduled to be presented by company leadership, who will also provide like-for-like financials and updated guidance for the second half of the year.
Channel Post MEA
04-07-2025
- Business
- Channel Post MEA
SoftwareOne Finalizes Acquisition Of Crayon
SoftwareOne Holding, a global provider of software and cloud solutions, has announced that it has completed its recommended voluntary takeover offer for all of the issued and outstanding shares of Crayon. 'Today marks an important milestone as SoftwareOne and Crayon join forces, combining two leading global providers of software and cloud solutions,' said Raphael Erb, Co-CEO of SoftwareOne. Together, we offer an unparalleled global presence with extensive local reach and an enhanced offering to deliver exceptional value for customers. Our shared commitment to customer success and innovation will offer new growth opportunities as our fast-growing industry continues to evolve in the era of AI.' 'As we embark on this new chapter together, we are both excited and well-prepared for Day 1. With our talented teams globally, in-depth expertise and capabilities, as well as deep hyperscaler partnerships, we will be excellently positioned to support customers on their digital transformation journeys,' said Melissa Mulholland, Co-CEO of SoftwareOne. 'Today marks a unique moment to unlock opportunities and deliver significant value creation for all stakeholders.' 'At Microsoft, we've been proud to call both Crayon and SoftwareOne strategic partners. Together, they become one of our largest partners, better positioned than ever to serve our mutual customers with broader reach, deeper expertise, and enhanced capabilities. We're excited about the opportunities this combination brings for the innovation we will jointly deliver and the impact this will have on our shared customers,' said Nicole Dezen, CVP and Chief Partner Officer at Microsoft. With total revenue of approximately CHF 1.6 billion, presence across 70+ countries and around 13,000 employees, the combined company is well-positioned as a preferred partner to both customers and vendors globally, driving additional growth and significant value creation for shareholders. The compelling strategic rationale is based on the two companies' complementary geographical footprint, customer base and offering, as well as shared values and culture. Following a joint evaluation, the unified organization will operate under the SoftwareOne name and logo, leveraging its global brand recognition while incorporating Crayon's distinctive strengths and legacy. This decision reflects the strategic integration of both companies' capabilities, values, and market presence. Crayon's cultural and operational attributes – including its brand heritage and customer-centric approach – will be embedded into an evolved SoftwareOne brand. During a transition period, the Crayon brand will remain active to ensure consistency, continuity, and recognition across customers and employees, channel, and partner engagements. With completion of the transaction, integration of the two companies officially starts today based on an established governance structure and thorough preparation by working groups from both companies since beginning of the year. Preparation spanned key functions, including strategy, sales & marketing, people & culture, IT, finance, amongst others, supported by internal and external post-merger experts. Following the announcement of the new Executive Board led by Co-CEOs Raphael Erb and Melissa Mulholland, the Regional Presidents have also been appointed. In addition to delivering on the synergy targets, the integration process will encompass implementation of a joint operating model, harmonisation of GTM and offering, as well as integration of IT systems and consolidation of legal structures in overlapping countries. Throughout the process, safeguarding customer relationships and retention of talent will remain priorities. The combined company will retain its legal domicile in Stans, Switzerland, while Oslo will remain an important hub for both sales activities and certain other functions.
Yahoo
29-01-2025
- Business
- Yahoo
ServiceNow and SoftwareOne Announce Strategic Partnership to Transform IT Modernization in the Cloud
Strategic collaboration combines ServiceNow's leading AI and workflow automation capabilities and SoftwareOne's licensing consultancy to optimize and de-risk IT investments, and accelerate digital transformation SANTA CLARA, Calif. & STANS, Switzerland, January 29, 2025--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI platform for business transformation and SoftwareOne Holding AG (SWON:SWX), a leading global software and cloud solutions provider, today announced a multi-year strategic partnership to transform IT modernization in the cloud. In the first phase of the partnership, the companies will launch a joint offering for customers that combines ServiceNow's leading workflow automation capabilities with SoftwareOne's software and cloud expertise. This will help maximize customers' ROI of software and cloud spend, enabling reinvestment in innovation and optimizing IT operations. Through the partnership, customers will be enabled to accelerate innovation, enhance operational efficiency, and unlock new growth opportunities. This will allow them to gain IT asset visibility, manage the rising costs of software, and build a solid data foundation to support AI, security, and modernization initiatives. It will improve employee and customer experiences by delivering end-to-end solutions that automate and optimize platform services. In addition, this approach maximizes ROI and ensures an intuitive user experience, making it easier for employees to perform their tasks efficiently - thus, being quicker and better for clients which drives their satisfaction. "Enterprises navigating cloud-first strategies face the challenge of modernizing applications to maximize the value of existing software and hardware investments. SoftwareOne has been a proud ServiceNow Elite partner for years, helping our joint customers unlock the value of their software, cloud, and technology investments," said Raphael Erb, CEO at SoftwareOne. "This strategic partnership represents a natural progression in our shared mission to help organizations digitally transform while optimizing their IT ecosystems. The newly released offering will drive savings and growth for customers at a time of rapid transformation, when cost savings and consolidation matter more than ever." "As businesses navigate economic uncertainty, the need to reduce costs while maintaining momentum is more critical than ever," said Erica Volini, SVP Global Partnerships and Channels at ServiceNow. "Our partnership with SoftwareOne is strategically designed to help organizations manage these pressures and deliver lasting value even in challenging times. This collaboration emphasizes both companies' commitment to customer-centric innovation, operational excellence, and measurable business impact. It underscores our shared commitment to empower customers to unlock new opportunities for innovation and growth at scale." SoftwareOne supports customers globally in gaining visibility into their IT estate, resource consumption, costs and risks, while automating time-consuming processes. As a ServiceNow Elite partner since 2017 with key competencies and over 350 ServiceNow certifications, SoftwareOne's expertise in particular focuses on Germany, Austria and Switzerland (DACH), the Netherlands, UK, France and North America. Its capabilities were further strengthened by the acquisition of Beniva Consulting, a provider of professional services for the implementation of the ServiceNow platform. About SoftwareOne SoftwareOne is a leading global software and cloud solutions provider that is redefining how organisations build, buy and manage everything in the cloud. By helping clients to migrate and modernize their workloads and applications – and in parallel, to navigate and optimise the resulting software and cloud changes – SoftwareOne unlocks the value of technology. The company's ~9,300 employees are driven to deliver a portfolio of 7,500 software brands with a presence in over 60 countries. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the ticker symbol SWON. Visit us at SoftwareOne Holding AG, Riedenmatt 4, CH-6370 Stans About ServiceNow ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: View source version on Contacts Media Contact Johanna Fritzpress@ Sign in to access your portfolio
