SoftwareONE suspends a significant part of its sales and business operations in Russia.
SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, has decided to suspend a significant part of its sales and business operations in Russia effective from March 11, 2022.
In light of the ongoing military aggression against Ukraine and the changed political and economic environment in Russia, which does not offer potential to operate with stability in this market in the mid-term, SoftwareONE has decided to suspend a significant part of its sales and business operations in Russia.
From March 11, 2022, SoftwareONE officially suspended all services to customers located in Russia while providing them with transition support. Regarding international customers, the company will fulfill its contractual obligations and pivot all provided services to its international teams.
SoftwareONE’s deepest empathy and concerns are with the millions of people impacted by this human tragedy. The company stands in full support of Ukraine, peace and with the governments, companies and individuals around the world calling for the immediate end to the unlawful and cruel attack on the people of Ukraine.
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 8,700 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. SoftwareONE Holding AG, Riedenmatt 4, CH-6370 Stans
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This media release may contain certain forward-looking statements relating to the group’s future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to force majeure, competitive pressures, legislative and regulatory developments, global, macroeconomic and political trends, the group’s ability to attract and retain the employees that are necessary to generate revenues and to manage its businesses, fluctuations in currency exchange rates and general financial market conditions, changes in accounting standards or policies, delay or inability in obtaining approvals from authorities, technical developments, litigation or adverse publicity and news coverage, each of which could cause actual development and results to differ materially from the statements made in this media release. SoftwareOne assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.
Contact
Anna Engvall Head of Investor RelationsNeue Winterthurerstrasse 82 8304 Wallisellen Switzerlandanna.engvall@softwareone.com +41 44 832 41 37
