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New Deal


Announced

Completed

Zucchetti completed the acquisition of Piteco from Dedagroup.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Software

financial software

Italy

Friendly

Majority

Single Bidder

Cross Border

Acquisition

Completed

Synopsis

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Zucchetti, a software developer, completed the acquisition of Piteco, a financial software maker, from Dedagroup, a SaaS company. Financial terms were not disclosed. “Our goal in acquisitions is always to enrich our offer with innovative solutions already known and appreciated by the market. Piteco’s applications for corporate treasury and financial planning, together with those of the subsidiary Myrios for risk management, they are complementary to Erp and other technological solutions that we develop within the group; they will give further added value to our customers thanks to features that are increasingly required to make the most appropriate choices in terms of business strategies," George Mini, Zucchetti Vice President.

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