Saturday, May 11, 2013

Orizzonte SGR invests €3 million in the italian IT-outsourcing provider Wiit

A minority stake to the ICT Fund of Orizzonte SGR: new resources to support the growth path of the Wiit Group.  

Milan, 8th May, 2013 - News in the shareholding  of Wiit S.p.A., the company founded in 2001 by Alessandro Cozzi and focused on the IT-outsourcing, with high standards and service levels and supply of  Cloud services. Orizzonte SGR S.p.A. enters as shareholder in Wiit S.p.A. by investing €3M in the IT-outsourcing specialist Wiit Group through its ICT fund by acquiring a minority stake in the company, and investing thus in the strategic value of an italian company that is affirming itself more and more in the market as an outsources for the ongoing management of infrastructure and ERP applications. 

The fund has identified a situation characterized by a high level of innovation and specific experiences of technology, in possession of high know-how and excellent infrastructure which allow to cope with big growth perspectives in an industry that is rapidly changing.

"With the addition of Orizzonte - said Alessandro Cozzi, CEO and president of  Wiit S.p.A -we'll be able to invest more resources in the path of technological innovation that since the very beginning characterizes the DNA of the group. We will be also able to start an important process of highly strategic and specialized acquisitions also in function of the proposition of the company internationalization. After having closed the financial year 2012 characterized by a strong increase in revenues and margins we intend to accelerate growth and achieve significant market shares. With our innovative solutions we will attract that high end of the market, which demanding in terms of quality and continuity of service, still today look for a reliable partner specialized in ERP management systems"

Wiit S.p.A operates in the IT-outsourcing for medium-sized businesses and has Datacenters which are used to supply hosting services, services in ASP and Private Cloud, of Disaster Recovery and Business Continuity focusing the proper offer on services of Application Outsourcing. 

Equipped with two Enterprise Datacenters linked together, one in Milan and the ohter one being in Veneto, the company is specialized in providing services on SAP (for which it is certified SAP HOSTING, SAP AMS and SAP CLOUD), Orale JD-Edwards and Microsoft AIX. Wiit has been recently admitted in the Elite project of the italian stock exchange.

 - Orizzonte SGR S.p.A. was founded in 2007 on initiative of the Italian Chambers of Commerce for the promotion and management of two real estate closed-end funds promoted by institutional investors: 

  • the Information and Communication Technology Fund (Fondo ICT) targets italian companies whose activity is related to or contiguous to the processes of innovation and computerization; the fund has assets for €50M and invests in Italian ICT companies who are looking for a partner which supports them in the development processes and of market expansion.
  • The Fondo Sistema Infrastrutture promotes, realizes and manages IT-infrastructures of general economic interest at local, regional and national level, with an endowment of €130M