TXT strengthens its offering for the public sector by integrating software engineering solutions and creating a revenue backlog of more than € 200 million.
- TXT e-solutions S.p.A. ("TXT") announces that it has signed an investment agreement for the acquisition of 84.1% of the capital of Webgenesys SpA ("Webgenesys") an ICT company that currently operates as a digital enabler, positioning itself as a driver of digital innovation primarily for Public Administration
- Drawing on the specialized expertise of over 200 professionals across eight offices covering the entire national territory, Webgenesys upholds the highest standards of quality in its technological solutions for digitizing workflows and processes
- In recent years, Webgenesys has embarked on a path of accelerated growth, driven by the award of significant public contracts. Strong prospects for top-line growth are expected for the period 2025-2028. This
growth is supported by over €200 million in public contracts already awarded and a backlog of orders, as well as technological and commercial synergies with other high performing companies within the TXT Group - With the consolidation of Webgenesys, the total value of public contracts awarded to the TXT Group for the 2025-2028 period exceeds €350 million, positioning the TXT Group as a future leader in its reference market
- The transaction also includes a co-investment by the "HAT Technology Fund 5," the fifth private equity fund of HAT SGR launched in the first quarter of 2024 and dedicated to high-growth-potential technology companies. This acquisition marks the fund's first transaction with Webgenesys
Milano, 11 November 2024 - TXT e-solutions S.p.A. (TXT), a Global Digital Enabler operating as an end-to-end provider of software engineering services, high-tech Smart Solutions and Digital Advisory to support the digital transformation of products and processes, announces the acquisition of 84.1% of the share capital of Webgenesys SpA ("Webgenesys").
Webgenesys, founded in 2009, began as an ICT company and today operates as a digital enabler, positioning itself as a driver of digital innovation, primarily for Public Administration. The company upholds the highest quality standards in its technological solutions for digitising workflows and processes, drawing on the specialised expertise of over 200 professionals across eight offices covering the entire national territory.
Webgenesys' digital offering includes specialised services for IT infrastructure, Data Centers, and Cloud environments, as well as development services based on innovative solutions and technologies such as Artificial Intelligence, Cybersecurity, and Blockchain, and system integration services for complex ICT systems, applications, and infrastructures. Over the years, Webgenesys' innovative expertise has evolved, supporting its strategic positioning among key players in the digitalisation of Italian Public Administration.
Webgenesys has achieved significant business growth in the last five years, enhancing its strategic positioning in the domestic digital market. This growth has been supported by the award of several significant multi-year public contracts, with a remaining value of over €200 million for the 2025-2028 period.
The public contracts backlog consolidated by the TXT Group with the acquisition of Webgenesys adds to the over €120 million in public contracts awarded to the TXT Group's excellences for the 2025-2028 period within the Public Sector digitalisation context. This positions TXT Group as a future leader in its market, with over €350 million in public contracts awarded and to be fulfilled between 2025 and 2028.
"Webgenesys represents a significant step in our sustainable growth plan," commented Daniele Misani, CEO of TXT Group. "With this transaction, we integrate substantial volumes and a robust multi-year revenue backlog, expand our geographical coverage, and add complementary expertise to our ecosystem of excellence. We are strengthened by a management team capable of generating value and highly motivated to support the Group's project, to establish ourselves increasingly as leaders in digital innovation within the public sector."
The CEO, Raffaele Primo, commented, "Joining such a dynamic and rapidly growing Group in the Italian and international IT landscape is a source of pride for us and confirms the quality of the work done in recent years. Our growth path, already excellent, will gain further momentum by benefiting from the synergies that the TXT group can provide."
