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SoftwareOne: will remain a standalone company

ZURICH (Reuters) - SoftwareOne will remain a standalone public company, the Swiss software and cloud solutions provider said on Monday, as it announced the conclusion of a strategic review launched in July 2023.

The company's board unanimously rejected a proposal from Bain Capital, as the non-binding value indication neither provided sufficient certainty or reflected the value of SoftwareOne, the company said in a statement.

"The Board is convinced that SoftwareOne is well placed to create shareholder value as a standalone public company," it said.

On February 15, the company is to host a Capital Markets Day alongside its full-year results and will provide an outlook for 2024 and a medium-term guidance, as well as insights into its strategy.

(Reporting by Noele Illien, Editing by Linda Pasquini, Kirsti Knolle)