Project Informatica has acquired Converge S.p.A., a system integrator specializing in IT solutions for the public sector, enhancing its market position and capabilities in Italy's growing IT industry.

Target Company Overview

Converge S.p.A. is an established player in the Italian information technology market, headquartered in Rome. The company specializes in system integration, offering a range of infrastructural, hardware, and software solutions primarily catering to clients in the public sector. With a strong focus on innovation and efficiency, Converge has built a robust reputation for delivering comprehensive IT solutions.

The acquisition marks a significant milestone for Converge as it is the fifth add-on completed by Project Informatica since its acquisition by an H.I.G. affiliate in July 2020. Following this transaction, Project Informatica will report approximately €300 million in revenue and employ around 500 staff members. Notably, the current shareholders of Converge will retain a minority stake in the company.

Industry Overview in Italy

Italy's information technology industry is experiencing steady growth, driven by increasing demand for digital transformation across various sectors. The public sector has been a critical focus, as government enti