News

UK-based software firm Softline Group LTD has acquired a 51% stake in cloud computing company Digitech for EGP 262 mn, Al Borsa reports, citing Shawkat El Maraghy, managing director of Prime Securities Brokerage, which brokered the transaction. The newspaper did not specify when the transaction took place.

The parties: Softline offers software, hardware, and cloud solutions, among other services, according to its website. DigiTech is an Egyptian firm that offers a host of software solutions such as cloud storage and enterprise content management.