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TAS Acquires Newsoft: A New Perspective for Innovation in Southern Italy
Milan, November 10th, 2023 — TAS S.p.A., a leading company in Italy providing software and services for banking and financial applications, leading the eponymous group also present in Europe and America (the "TAS Group"), is pleased to announce the acquisition of 100% of the shares of Newsoft, headquartered in Lecce. This marks a significant step towards expanding TAS services and promoting innovation in Southern Italy.
Founded in 2004 by Prof. Rocco Solida, Newsoft is active in various sectors, including software production, research into new information management techniques, design and implementation of information systems, feasibility studies, industrial automation and robotics, personnel training and development, control and management system development, IT consulting, and data processing services.
Both companies express great satisfaction with this operation. "This acquisition provides us with the opportunity to broaden our scope and bring our expertise into new markets," declares Fabio Bravi, Head of M&A, Special Projects, and Corporate Developments at TAS. "We recognize the value and talent in Newsoft and commit to maintaining and further developing the legacy of innovation and technological expertise of Prof. Rocco Solida. The goal of this operation is to consolidate and strengthen TAS's presence in the Capital Markets and promote technological development in new areas. We are excited to work together with the Newsoft team and deliver cutting-edge solutions to our clients."
"We are pleased that the legacy of an excellent company like Newsoft is passing to a valuable group like TAS. We are confident that this synergy of expertise will maintain the spirit of innovation that has always characterized our company and will be able to bring additional development and expansion in a region with great potential like Southern Italy," comment Stefania Solida and Alessandra Solida, daughters of the founder of Newsoft.
The TAS Group received financial advisory assistance from KPMG and legal and labor assistance from Lexia Avvocati in this operation.
Newsoft received legal assistance from Attorney Luigi Colombo of Orrick and financial assistance from Lucciola & Partners in this operation.
Fabio Benasso is the new Chairman of the TAS Group
Milan, November 2nd, 2023 - TAS SpA (hereinafter "TAS"), a leading company in the supply of software and services for banking and financial applications in Europe, is pleased to announce the appointment of Fabio Benasso as Chairman of the Group following a meeting of the Board of Directors held today.
Fabio Benasso began his career at Accenture in 1984 after graduating in Business and Economics from the University of Pavia. From 2006 to 2021, he served as the CEO of Accenture Italy and Geographic Unit Senior Managing Director for the IGEM Region, as well as a member of the Global Leadership Council of Accenture International BV. From 2013 to 2023, he was the Chairman of Accenture Italy, and from September 2021 to the end of August 2023, he served as Advisor to the Chair and CEO and a member of the Executive Committee of Accenture International BV.
He also held the position of CEO for Expo and CEO for Milan Post Expo, in addition to serving as Vice Chairman with Delegation for Simplification at Assolombarda Confindustria Milano Monza e Brianza. Until his departure from Accenture S.p.A., he was a member of the Board of Directors and the General Council. He held the position of a member of the General Council of Confindustria, was a member of the Board of Directors and the General Council of the Confindustria Digital Federation, and a member of the General Council of Anitec-Assinform. He was a member of the Board of Directors of the American Chamber of Commerce in Italy and served as Vice Chairman from 2018 to 2021. In 2014, he assumed the chair of the Sustainability Committee. Since the end of March 2022, he has been the Scientific Director of the LGH Foundation of the a2a Group. He has been the Chairman of FIA - Italian Accenture Foundation since March 2023.
Valentino Bravi, CEO of TAS, stated: "We are thrilled to welcome Fabio Benasso as the new Chairman of the TAS Board of Directors. His extraordinary managerial experience, gained in companies of great significance in both the Italian and international landscapes, makes him a key figure in guiding the TAS Group towards a future of innovation, technological leadership, and sustainability, all of which are areas we have been investing in during these years."
Giuseppe Franze, a member of the TAS Board of Directors and Partner of the Rivean Capital fund, said: "On behalf of the Board of Directors, I would like to welcome Fabio Benasso. Fabio has been a pioneer in the Italian ICT field, a partner at Accenture since 1996, and has taken it from a few thousand employees to one of the leading players in the Italian market with over 25,000 employees in Italy. Fabio's appointment is part of the broader growth path of the TAS Group, bringing expertise, vision, and leadership thanks to his extraordinary experience. With his entry, Rivean reaffirms its commitment to accelerating the development of TAS."
Fabio Benasso, Chairman of TAS, commented: "I am very pleased to take on this role at TAS and will leverage the experience I have gained over the years. I believe in the need to invest in technology and people, and to work towards a sustainable economy. In TAS, I see an environment where I can act in this direction, and I am happy to contribute to the development of projects in a critical and ever-evolving sector like payments, bringing growth and innovation to both the company and the country."
TAS acquires Mitobit
Milan – 18 April 2023 – TAS S.p.A., a leading company in Italy in the supply of software and services for banking and financial applications, and the head of a group of companies of the same name (the “TAS”) also present in Europe and America, announces today the acquisition by the subsidiary Global Payments SpA of the entire share capital of Mitobit Srl (hereinafter "Mitobit"), a Tech-Enabler founded in 2014 and specialized in the supply of software applications and services for the Payments, Banking, Insurance and Fintech sectors. Mitobit has a strong focus on technological innovation and digitization, providing services in the IT area, including software development and as-a-service platforms, mainly focused on payments and e-money for the Finance sector.
For TAS it is the fourth acquisition since July 2022 of an emerging company in the Italian Fintech scene, after ASTRO IT, Krisopea and Nemos.
"Our acquisition policy aims to enhance the excellence of the TAS group so that we can provide our customers with complete, integrated solutions and services that enable them to compete in an increasingly dynamic payments market where cutting-edge technology and industry experience are key differentiation factors. Mitobit has these characteristics and we are very excited that it is now part of our group" comments Fabio Bravi, Head of M&A, Special Projects and Corporate Developments of TAS.
“At Mitobit, technology is the lifeblood of our team. Our mission is to build innovative software that meets each company's unique needs. This makes us incredibly proud to be part of the TAS group: two like-minded entities devoted to creating technological breakthroughs and a customer-oriented approach. We are confident that, with our combined expertise and experience, we will be even better placed to deliver high-quality products tailored to an ever-evolving industry where solid foundations and professional standards are paramount”. Davide Carnevali and Luca Falcon, directors and founding partners of Mitobit, declared.
TAS has been assisted in the transaction by KPMG as Financial Advisor and by Lexia Avvocati for the legal and labor law aspects.
Mitobit was assisted in the transaction by the lawyer Alessandro Diani of the LegalTaxLab network for the legal aspects and by Studio Muliari for the due diligence, tax and employment aspects.
TAS welcomes Cristiano Viganò, the new CFO of the Group
Milan, March 13TH, 2023 - TAS SpA (hereinafter "TAS"), a leading company in the supply of software and services for banking and financial applications, in Europe and the Americas, announces the entry of Cristiano Viganò as Group Chief Financial Officer.
Cristiano brings to TAS his many years of experience as CFO in various areas of the ICT world, in particular in digital payments.
Cristiano has worked in prestigious software houses, from Accenture to Clessidra Sgr, up to Ingenico where, for 13 years, he held various roles both in Italy and abroad. In recent years he has been Group CFO of an important system integration company and, recently, of Olivetti.
The skills gained in structured multinational contexts, in particular in the management of M&A operations with related integrations, make him the right person to make a fundamental contribution to the execution of TAS' growth strategy by strengthening its processes and financial governance.
Valentino Bravi, CEO of TAS, said: “With great pleasure we welcome Cristiano to TAS who, with his skills and solid experience, will certainly be an important part of our team to implement the development plans we have in mind for the group shortly.”
Cristiano Viganò added, “I am honored to join an established company in the payments market such as TAS and also enthusiastic to be able to contribute to the execution of the ambitious strategic plan supported by Rivean Capital and led by an Executive team of recognized expertise.”
TAS strengthens its e-money offering with the acquisition of Nemos Srl
Milan - November 14, 2022 - TAS S.p.A., a leading company in Italy in the supply of software and services for banking and financial applications, and the head of a group of companies of the same name (the "TAS Group") also present in Europe and America, today announces the acquisition by its subsidiary Global Payments S.p.A. of the entire share capital of Nemos Srl (hereinafter "Nemos"), a company that provides software solutions and consulting services for the e-money sector.
Nemos is a point of reference in the Italian panorama for the development of "on demand" solutions, born with the mission of facilitating the management of payment instruments by favoring ease of use, flexibility, high degree of customization, connectivity and containment of final costs.
For TAS, this is the third acquisition since July 2021, after ASTRO IT and Krisopea.
Fabio Bravi, Head of M&A, Special Projects and Corporate Developments of TAS comments: “One of the main pillars on which we want to base our growth is certainly e-money and this acquisition goes in that direction. Nemos is a player recognized by the market and we share our mission and values with them. Also, at the heart of TAS action is the desire to offer our customers increasingly customizable, flexible and technologically advanced solutions. For this reason, we were immediately in tune with Nemos and we are sure that this acquisition will enhance our ability to create customer-tailored services ".
“TAS is a reality that we know well and that qualifies as one of the main players in the payments sector in Italy, and beyond. We are convinced that this acquisition will allow us to further develop our skills on a larger scale by joining a group that is investing in innovation and growth both nationally and internationally ", say Claudio Vecchia and Gianluca Sisti, Directors of Nemos.
TAS was assisted in the transaction by KPMG as financial advisor and by Lexia Avvocati for the legal aspects, while Nemos was assisted by the financial advisor Andrea Lavorenti and the legal advisor Andrea Zoppolato, partner of Buonocore Galletti Zoppolato Avvocati.
TAS transforms its brand to reflect the new vision of the Group
Milan, 22 September 2022 - The rebranding unveils a new logo and a completely revised website for a tailored customer experience
The new governance and the delisting from the stock exchange, completed in the first half of 2022, has opened a new chapter for TAS, a leading Software Provider specialized in financial services and platform solutions, with offices in 9 countries spanning Europe and the Americas.
This new chapter has triggered a corporate rebranding that reflects the company's recent transformation, but above all its ambition to accelerate growth internationally.
Founded in 1982 and then a pioneer in the digitization of payment and finance processes for the Italian banking sector, TAS has over a 40 years period evolved to become a key solution provider, supporting the evolution of financial transactions, while extending its operations and capabilities internationally.
In today's increasingly open and competitive market landscape, TAS stands out as an enabler of new customer journeys for established players as well as new market entrants. As a reliable partner, TAS is able to propose innovative technological solutions that allow clients to increase and strengthen their market positioning.
The new group logo is inspired by TAS' ability to evolve, while ensuring consistency and stability in its services and platform solutions.
“The graphics accompanying our new logo express these concepts through the color gradient that changes within a coherent shape, always maintaining the harmony of the final solution” explainsMarina Jacobone, Marketing Director of TAS. “The components of the symbol adapt to be able to live independently but also united, to work together and at the same time to be able to easily integrate the new, represented by the orange shape. For TAS, modularity is key. "
TAS's mission revolves around the keyword "simplify":
- simplify technological complexity so that customers can focus on their business;
- simplify the adoption of new applications thanks to the modularity of the solutions and their cloud capabilities;
- simplify compliance with standards and regulations by providing solutions that can be easily integrated with the client’s existing solutions;
- simplify project management by entrusting them to the experience of TAS.
A constant commitment to conceive and provide future-proof solutions that facilitate the evolution of financial services at a domestic and cross-border level, favouring the harmonious development of the entire ecosystem for the benefit of banks, investors, businesses, citizens and the general public.
" 2022 was a significant year for us given the investment by Rivean Capital Fund. Rivean gave us new resources to dedicate to the many projects we are investing in, but also helped accelerate the effective roll -out of our unique Global Payment Platform, which is already seeing significant interest across multiple verticals in non-banking industries, such as Insurance, Retailers, On-line Merchants, Utilities and more. "comments CEO Valentino Bravi -" Via this new brand, we wanted to communicate the step change of pace by TAS, while referring to the spirit of our teams, founded on deep expertise and driven by enthusiasm, curiosity and creativity. "
The new website is now live at www.tasgroup.eu
TAS Group earns again its place in the 2022 IDC FinTech Rankings
Milan, September 13, 2022 – TAS Group, 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 2022 IDC FinTech Rankings for the 14th consecutive year. The IDC FinTech Rankings evaluates and categorizes the top IT vendors based on 2021 calendar year revenues and the percentage of revenues exclusively attributed to financial institutions, including banks, capital markets firms, and insurers or directly to fintech solution providers for hardware, software, and/or services.
“IDC is honored to recognize the technology providers that appear on the 19 th annual IDC FinTech Rankings,” said Marc DeCastro, Research Director at IDC Financial Insights. “These are the companies that have shown commitment to the financial services industry and their appearance on the list is a testament to that dedication.”
Valentino Bravi, Chairman and CEO at TAS Group, remarked, " We really appreciate our inclusion in this renowned and independent Ranking, year after year. In 2021 TAS’s resilience and continuous improvements were also recognised by the VC world, with the acquisition of majority control of the company by Rivean Capital private equity. Excelling in Financial Technology to support the Banking Industry and new challenger enterprises navigate disrupted market forces is our first commitment; one that we pursue with passion and tireless teamwork."
Andrew Quartermaine, COO International Markets, added, " There is a clear need for SW Solution providers who understand the Open Finance market, a landscape being significantly reshaped by the regulatory environment in Europe and beyond. Given TAS’ size and experienced track record, we can show outstanding flexibility, ensuring effective partnerships and growth together with our customers.”
The impact of technology on business and human life is becoming more and more strategic in the last decade. Collaboration and innovation are key recipes for leading technology suppliers, such as TAS, who has been strongly leveraging cloud and open API technology to build SaaS enabled platforms for banks, improving their time to market and ability to adapt rapidly to changing regulatory demands.
TAS Global Payment Platform (GPP) has its roots in synergistic integration of software components in the fields of transaction banking, financial value chain services, cards and account-based payments. Conceived “as a service” to both incumbent and challenger players of the Payments Ecosystem, its rich set of APIs allows seamlessly integration with existing architectures, and with modern, white-labelled BaaS solutions.
At Eurosystem level TAS continues to support Europe’s financial community in meeting T2/T2S Consolidation deadlines, ECMS and SWIFT FIN’s migration towards ISO20022.
In the Issuing and Acquiring domain TAS continues to attract a growing FinTech customer base throughout Europe and the Americas based on the extreme flexibility and embedded compliance of its solutions.
TAS continues in the strategic M&A direction with Krisopea
TAS hires Andrew Quartermaine as COO and General Manager of International Business
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