Progressio-backed Archiva completed the acquisition of a 60% stake in Mitric from Siav and Mitric 2.

Progressio-backed Archiva, a technology solutions company, completed the acquisition of a 60% stake in Mitric, a technology company, from Siav and Mitric 2, both software companies. Financial terms were not disclosed. "This transaction represents the completion of a valorization process that has involved Mitric since our entry into the capital. The exit comes at a favorable time and allows us to further focus on the Group's strategic development directions, while also supporting our financial strength and future growth ambitions. Siav is interested in continuing to expand its offerings in Enterprise Content Management and Digital Outsourcing, and to do so, we will use available financial resources to enhance external growth," Nicola Voltan, Siav CEO.