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London, QBS Technology Group announce the acquisition of the entire share capital of UAB Laknova, a Lithuania-based enterprise software distributor active throughout the Baltic region, where it is the 5th largest dedicated software distributor. “We are pleased to extend the QBS footprint into another geography. This acquisition augments our software delivery capabilities and gives our partners expert access to a fast growing and exciting region.” Dave Stevinson, CEO. “We were impressed with the Laknova management team, ambitions and services capability” “Being part of the QBS group boosts our capabilities significantly and gives our resellers direct access to the QBS software platform. We are all optimistic about the transaction.” Leonid Khoroshko, spokesperson for Laknova. Laknova will be rebranded to QBS and the systems will be integrated over the next 12-18 months. QBS also announced the formation of an Irish subsidiary company and the opening of an office in Cork, Ireland. About UAB Laknova Laknova is a Baltic States dedicated software distributor representing 14 software brands headquartered in Vilnius, Lithuania. The company was established in 2012 and has 7 personnel. About QBS Technology Group Established in 1997. QBS Technology Group provides a platform for software publishers and channel resellers to increase efficiency and achieve growth across EMEA. Named in the London Stock Exchange 1000 companies to inspire Britain. The company has offices London, Paris, Cork, Vilnius, Telford and Warrington. Group companies comprise of QBS Distribution, GNR-Tech, Siener Informatique, Zedsphere and UAB Laknova which deliver software through a network of over 4,000 resellers, MSPs, system integrators and retailers.