Indra-backed Minsait completed the acquisition of a 70% stake in SmartPaper from Carfin and Melody.

Indra-backed Minsait, a firm operating in digital transformation consultancy and information technologies, completed the acquisition of a 70% stake in SmartPaper, a company operating in content and document management sector, from Carfin and Melody. Financial terms were not disclosed. "Thanks to the joint venture with Minsait, we are becoming a complementary and active part of an entrepreneurial universe that aims to become a leading player in the digitalisation of the country. This alliance also allows us to add to our expertise the international presence that will guarantee us entry into new markets, thus ensuring further growth and strengthening our commitment in the Basilicata region," Michele di Trana and Pasquale Carrano, SmartPaper Partners.