06 nov 2024
The IT consulting sector is witnessing significant activity as Quid Informatica, a software and IT consulting firm, is nearing the sale of a substantial equity stake.
Mediobanca is currently evaluating offers, with Equinox, the investment fund that entered in 2019, planning to exit.
Accenture, known for its strategic acquisitions in Italy, is a potential new entrant, alongside interest from private equity funds like Rivean Capital.
Quid Informatica has grown significantly, with revenues increasing from €30 million to over €80 million, and has expanded through strategic acquisitions.
The company recently partnered with Intesa Sanpaolo to support Isybank's new financial products.
The IT consulting sector is experiencing a wave of activity as Quid Informatica, a firm specializing in software development and IT consulting for the financial and industrial sectors, is on the verge of selling a significant equity stake. Founded in 1987 and with offices across major Italian cities, Quid Informatica is currently under the financial advisory of Mediobanca, which is assessing offers. The investment fund Equinox, which acquired a stake in 2019 through Sailing Italia, is planning to exit. This move has attracted interest from several private equity funds, notably Rivean Capital, which focuses on small and medium-sized enterprises. Lutech, owned by Apax Partners, has also reviewed the dossier. Accenture, a multinational corporation, is a potential new player in Quid Informatica's ongoing equity restructuring. Accenture has been expanding in Italy through strategic acquisitions, supported by a global investment program of $3 billion. In April, Accenture acquired Intellera Consulting, a key player in public administration innovation, outpacing competitors like Seven2 and Rivean Capital. Previous acquisitions include Customer Management It, SirfinPa, and Ammagamma, enhancing Accenture's capabilities in justice, public safety, and AI-driven innovation. Quid Informatica operates in the rapidly growing IT consulting sector, offering solutions for financial services and innovative credit process management platforms. Since Equinox's investment, the company has expanded both organically and through acquisitions, such as Qgs in 2022 and a majority stake in Cabel Industry. The firm has also forged significant partnerships, including a recent agreement with Intesa Sanpaolo to enable Isybank to launch new financial products.
Further Insights
- The IT consulting sector is undergoing consolidation, with multinational corporations and private equity funds actively seeking strategic acquisitions.
- Quid Informatica's growth trajectory highlights the potential for significant returns in the IT consulting space, driven by innovation and strategic partnerships.
Potential Opportunities
- Increased investment in IT consulting firms could lead to enhanced technological solutions for financial and industrial sectors.
- Strategic partnerships, like that of Quid Informatica and Intesa Sanpaolo, can drive innovation in financial products and services.
- Multinational corporations like Accenture may continue to expand their footprint in Italy, fostering growth and development in the local IT sector.