Insights

The mandatory tender offer promoted by Solidus BidCo S.p.A., a company controlled by Rivean Capital Fund (formerly Gilde Buy Out Fund), ended on 11 May 2022 with the revocation on the same date of the listing of TAS’s ordinary shares on Euronext Milan (so-called delisting). Upon completion of the aforementioned process, Rivean Capital confirms itself as the (indirect) majority shareholder in the share capital of TAS S.p.A.. The new phase of governance of the Group is now opening, again led by the Chief Executive Officer Valentino Bravi, who indirectly maintained a minority stake in the company's share capital. Stay tuned!  

Total revenues up 5.4% to 65 million euros. EBITDA at 15.7 million euros (EBITDA margin 24.1%).

Milan, September 14, 2021 – TAS Group, (Italian Stock Exchange: TAS), a global provider of innovative solutions in card management, digital payments, financial messaging and capital markets, has announced that it has been ranked among the Top 100 in the 2021 IDC FinTech Rankings for the 13th consecutive year. This annual vendor ranking represents the leading hardware, software and service providers to the financial services industry from around the world. Vendors are ranked based on 2020 calendar year revenues attributed to financial institutions.

“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Marc DeCastro, Research Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 18th year, is the global standard list of fintech providers to the industry, and we congratulate the 2021 winners.”

Executive Chairman of TAS Group, Dario Pardi, remarked, "We are proud to be firmly positioned, year after year, between the top financial technology providers in this prestigious ranking. 2020 was a year marked by extraordinary events and consequently particularly demanding and challenging. Nevertheless, we closed it with significant growth in revenue and margins, thanks to our continuous commitment to investing in human capital and offering renewal. This enables us to successfully bring competitive and technologically advanced solutions to the Financial Industry." 

The Financial Services ecosystem, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach $590 billion (USD) by 2025, is changing at an unprecedented pace. Well-funded new market entrants, as well as big tech companies, have raised the bar for all providers. TAS Group’s efforts are heavily focused towards accelerating challengers’ next-gen financial experiences implementations, while supporting incumbent customers in meeting disruption with modernization and staying agile and responsive through TAS’s outstanding technology and expertise.

At Eurosystem level, TAS keeps strengthening its key role in supporting Europe’s financial community meeting the deadlines of the T2/T2S Consolidation in 2022 and the wider upcoming challenges, such as the migration towards ISO20022 and the new centralized ECMS infrastructure planned to go live in 2023.

In the Issuing and Acquiring domain, TAS continues to lead the way towards the seamless convergence between cards and alternative payments through its cloud-native, Open API-based platform PayStorm, adopted by a growing FinTech customer base throughout Europe and the Americas.

Among TAS’s strengths is the flexibility to adapt to the needs of customers and partners, guaranteed by its solutions and delivery models that promptly evolve with new regulations, market trends and technologies.

Sophia Antipolis, 24 June 2021 - TAS Group unveils a new brand and a new service line: TAS Group Cloud Services. The operational heart of TAS Group's SaaS and cloud services is concentrated in the Sophia-Antipolis Datacentre supported by other Datacentres in Europe (Milan, Bologna, Paris). By virtue of the large SME clientele with which it has worked since 1997, TAS France, the French subsidiary of TAS Group has developed a unique expertise in offering flexible, tailor-made hosting and housing solutions adapted to the different stages of the digital transition of businesses. TAS Group Cloud Services combines all this know-how that companies have been benefiting from for many years. Thanks to the synergy with TAS Group as a whole, TAS France can now go beyond regional borders and operate on a global scale, providing innovative solutions that reinforce the independence of SMEs and the protection of their data. Its IT outsourcing value propositions are adapted to each company context (business activity, existing infrastructure, organization, projects, ...) thanks to the provision of added value services to meet the new technical, regulatory and data protection requirements imposed by the challenges of digital technology. Therefore, TAS France is certified ISO 9001, ISO 27001 (information security), HDS (health data protection) and PCI-DSS (credit card data protection), resulting in a superior level of certification in terms of quality of service and data protection. In addition, a SOC (Security Operation Centre) prevents, identifies and tracks cyber-attacks and anomalies detected on the network, which could cause a risk to the company's business continuity. Francesco de Simoni, General Manager of TAS France, commented: "Until now, TAS Group's cloud service offerings were not grouped under a single name. Given the growing demand for services in this area and the quality of TAS Group's offer, we decided to communicate our value proposition more clearly ". Download the press release