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Tinexta enters the cybersecurity market, 3 acquisitions

2020-10-13T09:28:05.164Z


A new national hub of digital identity and digital security services is born. Tinexta announces the signing of the agreements of three important acquisitions in Italy, for an initial investment of € 47.8 million. (HANDLE)


(ANSA) - TURIN, 13 OCT - A new national hub of digital identity and digital security services is born.

Tinexta announces the signing of the agreements of three important acquisitions in Italy, for an initial investment of € 47.8 million.

This is the projects and solutions and R&D division of Corvallis, one of the most important solution providers in Italy;

of Yoroi, a leading group specialized in cybersecurity;

and Swascan, an innovative company with security testing platforms for small and medium-sized businesses.

The estimated revenues of the new Cybersecurity Business Unit amount to over 60 million.

The leadership of the new BU is entrusted to Marco Comastri.


    "What we announce today is the most important operation carried out by our Group since its foundation. Thanks to these acquisitions, Tinexta grows considerably in size, employing about two thousand employees, and enters a new business area, cybersecurity, with and technologies that will make it possible to play a leading role in the market ", comments the president of Tinexta, Enrico Salza.

"At a time of great general uncertainty, Tinexta decides, with a clear strategy, to double its exposure in the digital sector, bringing the Group's turnover linked to digital activities to account for about 55% of the total", adds the CEO by Tinexta, Pier Andrea Chevallard.

(HANDLE).


Source: ansa

All news articles on 2020-10-13

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