This initiative is designed to accelerate Noventiq’s presence in Singapore and across the APAC region, providing local organizations with advanced cybersecurity and Microsoft offerings
Noventiq Holdings PLC (Noventiq), a global leader in digital transformation and cybersecurity solutions and services provider, is excited to announce a strategic joint venture with Net One Asia, a premier provider of IT services in Singapore. This partnership marks a significant milestone in Noventiq’s expansion strategy in the Asia Pacific region, leveraging the strengths of both companies to bring comprehensive Microsoft technology solutions to the Singapore market.
The joint venture, operating under Noventiq Singapore Pte Ltd, is a testament to both companies’ commitment to driving digital innovation. With a focus on cybersecurity and Data&AI, including Microsoft Copilot, Noventiq Singapore will offer the full spectrum of Microsoft technologies and solutions that
Noventiq delivers in 60 countries worldwide. This initiative is designed to accelerate Noventiq’s presence in Singapore and across the APAC region, providing local organizations with advanced cybersecurity and Microsoft offerings.
Partnership Synergy
Noventiq’s contribution to the joint venture encompasses its extensive relationship with Microsoft as one of its global partners, 15 Advanced Specializations, and a dedicated team of 300 people in the APAC region operating in 8 countries around Asia, supported by resources from Noventiq’s Global Delivery Centers. Net One Asia brings to the table a team of 180, its operational prowess, a robust salesforce, and a clientele of over 1000 customers across Asia. This partnership is uniquely positioned to deliver growth through the synergistic combination of both companies’ strengths.
The joint venture is expected to fast-track Noventiq’s success in Singapore, mirroring its achievements in other new markets.
The main goal is to focus on the Singapore market, with plans to explore new initiatives in the Asia Pacific region in the future. The joint venture will introduce products, services, and solutions from Noventiq’s own IPs such as Weaver AI, Fintense, or Selecta as well as our offerings on Microsoft technologies, including Copilot. The partnership will also expand into other partners’ solutions.
Hervé Tessler, CEO of Noventiq, commented: “As we continue on our journey to list on Nasdaq, these steps in our expansion plan are crucial for Noventiq. Positioned to serve the Singapore market, this collaboration integrates Noventiq’s innovative solutions and services with a robust Microsoft ecosystem, spanning across all industries. This venture promises unparalleled cybersecurity protections and the unique offerings of Microsoft, which will bring multiple benefits for companies within the market and the broader region. Beyond technological advancements, this partnership is set to create new job opportunities, enabling employees from both entities to participate in cross-training and contribute to a growing team dedicated to the success of the joint venture.”
Ilya Anzhiganov, Vice President Noventiq Asia Pacific, comments: “Our primary objective centers on making a significant impact in the Singapore market, setting the stage for future expansion across the Asia Pacific. Through this joint venture, we aim to introduce a suite of innovative products, services, and solutions, leveraging Noventiq’s proprietary technologies like Weaver AI, Fintense, and Selecta, alongside our comprehensive offerings in Microsoft technologies, including Copilot.”
Alex Toh, Group Managing Director of Net One Asia, said: “We are thrilled to embark on this joint venture with Noventiq, a partnership that signifies a pivotal step forward in our mission to transform the digital landscape in Singapore. Together, we are set to unlock new opportunities, leveraging Noventiq’s global expertise in Microsoft technologies and our deep understanding of the local market dynamics. This collaboration will create a synergy that will drive innovation, enhance cybersecurity, and deliver unprecedented value to our customers.
Business Combination Agreement
As previously announced on May 4, 2023, Noventiq and Corner Growth Acquisition Corp. (NASDAQ: COOL) entered into a business combination agreement that is expected to result in the combined company being listed on Nasdaq under the symbol “NVIQ”. The proposed business combination is expected to provide Noventiq with improved access to new sources of capital, accelerate M&A opportunities, and enhance its reach and capabilities in fast-growing technology development in cybersecurity, generative AI, and other high-margin solutions and tools.
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