Software licensing giant SoftwareONE is gearing up for a cloud and services push after taking on growth capital from global investment firm KKR.

KKR has taken a 25 per cent stake in the 2,500-strong reseller, which is headquartered in Switzerland and has operated in the UK since 2008. The four founding partners and existing shareholders, together with management, will retain a 75 per cent chunk of the shares.

Founded in 1985, SoftwareONE has traditionally provided software licensing and related services around vendors such as Microsoft, Adobe, Symantec and McAfee, but chief executive Patrick Winter admitted the sector is at a turning point.

“The software industry is changing, and together with KKR, we see a unique opportunity to capitalise on those changes and continue to increase the value we bring to our customers, in particular in the areas of cloud and value-added services,” Winter said.

SOURCE: channelweb.co.uk