SoftwareONE on hiring spree ahead of possible IPO - sources

Global VAR plans to triple its headcount as part of Vision 2018 project

SoftwareONE is looking to triple its global headcount in the next three years when a possible IPO could be on the cards, according to sources.

CRN understands that the privately owned reseller – which is headquartered in Stans, Switzerland – is looking to have 6,000 staff on the books globally in 2018, up from its current figure of 2,000.

The ambitious recruitment plan is understood to form part of its Vision 2018 project, which sets out the firm's growth strategy over the coming years.

Sources suggest the project could culminate in the firm looking to float on the stock market in 2018 and it is believed it wants to have the vast numbers of new staff in place ahead of the potential stock market debut. A possible location for its first foray into the stock market has not yet been discussed within the firm, CRN understands.

The growth-hungry VAR is also thought to be considering acquisitions as part of its aggressive plans.

The firm was founded in 1985 and specialises in software licensing and software asset management. It is a Microsoft Licensing Solutions Provider and holds top-level Adobe Platinum status.

Channel insiders talking to CRN have noted that the firm has stepped up its game and become more aggressive in terms of its growth in recent months.

SoftwareONE has a presence in more than 80 countries and according to the most recent figures listed on its website, turned over $2.25bn (£1.49bn) in 2012.

SoftwareONE declined to comment.