Noventiq Announces Global Strategic Collaboration with AWS

Rhea-AI Summary

Noventiq Holdings PLC announces strategic collaboration agreement with Amazon Web Services

Positive

• Noventiq will invest in AWS expertise to expand the AWS Global Cloud Centre of Excellence and create local centers with 500 certified specialists
• Noventiq will expand its portfolio of AWS solutions and services across India, Europe, and the Middle East
• The collaboration with AWS will support customers in migrating and modernizing their IT workloads and data on the Cloud
• Noventiq's collaboration with AWS is strategically important and includes bold investments and ambitious aspirations

Negative

• None.

LONDON--(BUSINESS WIRE)-- Today, Noventiq Holdings PLC, a global digital transformation and cybersecurity solutions and services provider, announced they have entered into a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). This collaboration will build on the long-standing relationship between the two parties to further support their customers to migrate and modernize their IT workloads and data on to the Cloud and innovate for their business using AWS’ plethora of innovative services.

Through this collaboration, Noventiq will further invest in AWS expertise to expand the already established AWS Global Cloud Centre of Excellence (CCOE) and create local centres to accelerate growth with 500 certified specialists and a comprehensive suite of offerings. Noventiq will initially expand its portfolio of AWS solutions and services across India, Europe, and the Middle East; and thereafter globally (in all other Noventiq territories).

This collaboration follows a multi-year cooperation between both companies. In February 2022, Noventiq acquired Umbrella Infocare, an Indian-based company specializing in AWS technologies. As an AWS Premier Consulting Partner, Umbrella Infocare offers advanced services in AWS Managed Services, Migration, and DevOps. Umbrella Infocare won the AWS APJ Data & Analytics Partner of the Year award in 2022 and the AWS Consulting Partner of the Year India award in 2018. Now fully rebranded into Noventiq, their combined expertise, solutions and services offerings are available on Noventiq’s AWS dedicated site.

Vittorio Sanvito, Director of Partner Development EMEA, AWS, said: “Our customers are asking for a trusted partner that will support them through their cloud migration journey and optimize their existing and future IT assets to unlock growth. Noventiq shares our customer obsession and through this collaboration, we will further help customers accelerate their innovation with AWS and provide them with the toolset to transform their business through the plethora of solutions AWS has to offer. AWS is committed to supporting Noventiq in helping more customers worldwide.”

Hervé Tessler, Chief Executive Officer, Noventiq, commented: “At Noventiq, we are thrilled to collaborate with AWS, who are a critical ingredient of digital transformation and a powerhouse of innovation. Our values, that define everything we do, prioritize Customer Focus and Innovation. AWS understands that true innovation begins by addressing customer needs and preferences, and many of our customers prefer AWS for cloud solutions. So, in response to their insights, we are deepening our commitment to this collaboration. This collaboration is strategically important for Noventiq, hence the bold investments and ambitious aspirations we have set.”

Harvinder Gandhi, Group CIO, Orix Auto Infrastructure Services (a client of Noventiq), said: “Our journey with Noventiq has been highly collaborative, one marked by robust support and continuous improvement. We were able to transform our OAIS operations during AWS migration and shift legacy data centres to a modern cloud setup leading to remarkable improvement in performance, uptime, and security. The cloud migration prowess and managed services expertise of Noventiq team not only boosted our agility but helped us gain control over costs and security on AWS. We were able to overcome our previous challenges and accelerate innovation due to this transition.”

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.

About Noventiq

Noventiq (Noventiq Holdings PLC) is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting 80,000+ organizations across all sectors with a vast selection of best-in-class IT vendors, alongside its own services and solutions.

Noventiq delivered record gross revenue of $1.6 billion for the 12 months to March 31, 2023, an increase of 52% in constant currency. The company’s growth is underpinned by its three-dimensional strategy to expand its markets, portfolio, and sales channels. The strategy is supported by an active approach to M&As which enables Noventiq to take advantage of the ongoing consolidation in the industry. Noventiq's 6,400 employees work in approximately 60 countries throughout Asia, Latin America, Europe, Middle East, and Africa—markets with significant growth potential. In May 2023, Noventiq announced its intent to list on Nasdaq through a proposed business combination with Corner Growth Acquisition Corp. To learn more about Noventiq, visit https://www.noventiq.com.

About Corner Growth Acquisition Corp.

Corner Growth Acquisition Corp. (Nasdaq: COOL) is a special purpose acquisition company (SPAC) focused on partnering with a high growth technology company. Corner Growth’s mission is to deliver value to its investors by providing a compelling alternative to a traditional public offering. Corner Growth is uniquely positioned to deliver on its value-add approach given its management team’s history, experience, relationships, leadership and track record in identifying and investing in disruptive technology companies across all technology verticals.

Corner Growth also brings a group of highly respected investment professionals, with strong track records and deep individual experience in SPAC and de-SPAC processes, a rolodex of premier public market investors, and a team of advisors who offer experience and access to networks across a broad functional and physical geography.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231018603985/en/

Noventiq:

Media:

Rocio Herraiz

Head of Global Communications

pr@noventiq.com

Investor Relations:

Steven Salter

VP Corporate Affairs

ir@noventiq.com

Corner Growth:

Media:

Brian Ruby

ICR

brian.ruby@icrinc.com

Investor Relations:

Ryan Flanagan

ICR

ryan.flanagan@icrinc.com

Source: Corner Growth Acquisition Corp. & Noventiq Holdings PLC

FAQ

What is the collaboration between Noventiq Holdings PLC and Amazon Web Services about?

The collaboration aims to support customers in migrating and modernizing their IT workloads and data on the Cloud using AWS services.

What will Noventiq do to expand its collaboration with AWS?

Noventiq will invest in AWS expertise, expand the AWS Global Cloud Centre of Excellence, and create local centers with certified specialists.

In which regions will Noventiq expand its portfolio of AWS solutions and services?

Noventiq will initially expand its portfolio across India, Europe, and the Middle East, and later globally in all other Noventiq territories.

Why is the collaboration with AWS strategically important for Noventiq?

The collaboration is strategically important for Noventiq, leading to bold investments and ambitious aspirations.