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JULY 11 2017
Tags: tas

TAS GROUP’S EXECS STRONGLY OPTIMISTIC ABOUT THE FUTURE OF THE COMPANY

The next few years offer plenty of opportunities for TAS Group in the view of the Group’s ultimate shareholders and managing officers, CEO Valentino Bravi and executive chairman Dario Pardi. One year after the company’s take over completed in August 2016 by the two managers with a Club Deal of other minor investors, they can now say they have made the right strategic choices in setting the organization on the path to sustainable growth. The renewed strategy has won the trust of the market, leading the company to be among the Milan Stock Exchange top-tier gainers at the end of 2016 with a performance of +785% increase in price between August 2016 and July 2017. Increased presence abroad through strategic and tactical partnerships and expansion of the offer, particularly with addition of the new Digital Software Factory are among the main drivers on which the company has embarked its growth plan. Over 25 million in self-financed developments over the last 6 years plus another5 million this year have been invested to introduce the rejuvenated TAS Group under the new Owl Company leadership to the market, with innovative and modular solutions adaptable to the needs of customers and partners and ready to manage disruptive financial regulations and business models such as MiFID II, PSD2 and instant payments.

Notably, 35+ years of core FinTech expertise alongside over 70% of market coverage in the Italian banking sector have transformed TAS Group Fintech company in a quite interesting target for strategic partnerships within the Financial and Payments space at worldwide level for their next generation software platforms, such as Card3.0, TAS Network Gateway and Aquarius. The most recent collaboration involves Oracle Corporation choosing TAS Group for their cloud-based Digital Innovation Platform to accelerate financial operators’ effectiveness and competitive advantage in the new Instant Era. Other partnerships, both strategic and tactical, are in progress and will be announced soon.

Inorganic growth is ultimately an additional driver of expansion in the strategy of TAS Group’s new governance: increasing production capacity as well as geographic commercial penetration are the focus of the TAS Group’s M&A committee scouting activity.