Synergy II, a closed-end investment fund managed by Synergo SGR has decided to support the integration of 4 major companies in the IT world. Synergo's investment has enabled the creation of a new industrial group resulting from the integration of Insirio S.p.A. IKS S.r.l. And System Evolution S.r.l. with Kirey S.r.l. the long term partner of Tech Mahindra in Italy.
portfolio of customers worth more than 50 million euros
"We are confident that creating a portfolio of customers worth more than 50 million euros on the Italian market can benefit our employees, the real strength of our companies, which will have a larger platform to deal with and grow, both professionally and personally" commented [Matteo Cucco, President of System Evolution].
[Paolo Pittarello, Managing Director of IKS] reiterated that "in an Italian IT market an adequate critical mass is a key factor in being more competitive and accelerating growth. This new initiative will create many internal opportunities too, space for ideas and new projects."
[Antonio D'Onofrio, President of Insirio] stressed that "the decision of an investor as Synergo to support such an ambitious project strengthens our credibility in the eyes of our customers and above all, shows how true professionalism is always recognized and rewarded".
This operation enables the four companies to share their best features
[Vittorio Lusvarghi, President of Kirey and the Leader of the New Group], commented: "This operation enables the four companies to share their best features, to take advantage of important market synergies and create vast offer also thanks to the partnership with Tech Mahindra, a collaboration which favors international development. Each company will maintain its existing governance and management structure, thus ensuring complete management continuity."
"Behind these names there are success stories of entrepreneurship, and we, Synergo, are happy to support entrepreneurs who want to do, get involved and face the challenge of integrating and growing together with the goal of entering important foreign markets," said Paolo Zapparoli, Managing Director of Synergo. "We believe that these companies and above all these entrepreneurs, different in terms of experience, age, and geographic position, can truly commit to athisproject of integration."
This market operation was supported by by Deloitte, Excellence Consulting, Studio Munari Cavani, Ethica Corporate Finance, Pedersoli Studio Legale, Cornelli Gabelli and Associates, Pavia and Ansaldo, Grimaldi Studio Legale, Crowe Horwath, KPMG, EQValue, Silvia Specchio, Soir Bleu by Marco Piacentino, Long Term Partners and Global Innovation.
Synergo SGR
Synergo SGR is a private equity company. Fully owned by the Senior Partners, Synergo supports ambitious entrepreneurs and managers in order to increase the value of their companies by providing financial resources and managerial support. Further information is available at www.synergosgr.com