Fintech PR
Stefanini Group acquired Solve.it, an Italian company providing IT services, to accelerate its growth in Italy and Europe
- Stefanini Italy will have a team of over 300 people following the transaction
- Solve.it focuses on large customers from all major industries
- The founders will remain on the company’s board of directors to ensure the seamless integration of Solve.it into the Stefanini ecosystem.
TURIN, Italy, Sept. 12, 2023 /PRNewswire/ — Stefanini Group, a global tech multinational with a presence in 41 countries that assists customers in their digital transformation, acquired Solve.it, an Italian company that provides IT consulting, application development, and management services. This acquisition will enhance Stefanini’s market position and accelerate its growth in Italy and Europe.
Solve.it was founded in 2003 in Turin by Giuseppe Arietti and provides IT and Operations Management services, with focus on large customers across all technological fields. Over the years, Solve.it acquired Arxis, a company focused on SAP technology services, and other small companies that have allowed it to enhance its capabilities with new skills and specializations.
The company is specialized in Information technology infrastructure, end users and application services. Key reference platforms and technologies include SAP, ServiceNow, Cornerstone, IBM Maximo, Microsoft and Oracle.
The company operates in automotive, engineering, financial services, public sector, industrial & automation, food & beverage, manufacturing, defense, transport, large home appliances, and pharmaceuticals.
Solve.it has more than 200 employees, all located in Italy (in Turin headquarters, as well as in Milan and Bologna offices). Following this acquisition, Stefanini Italy team will reach over 300 people.
Another important aspect of Stefanini’s decision is related to the customer portfolio. Solve.it’s portfolio includes over 30 customers in the past years, five major global players in the automotive industry, one of the top banks, and a significant coffee industry, underscoring the importance of global Italian brands in this strategic expansion, as well as two important pharmaceutical companies.
The transaction was made by Stefanini Group and the company will be integrated to Stefanini Europe, the Middle East and Africa (EMEA) operations, headquartered in Brussels.
Solve.it will go through a smooth transition to integrate the full team with Stefanini Italy and Stefanini EMEA. The founders and management will remain in the company to help Stefanini Italy ensure a seamless integration for the employees and customers.
The opportunity to strengthen Stefanini’s portfolio in Italy with more “local power.”
“Our commitment is to continually offer new services, tailored to the needs of our customers. Besides developing these services internally, by investing in research and development, we are always looking at what other similar or complementary companies are creating. Solve.it is our first acquisition in Italy and we are confident that this transaction will significantly enhance our growth efforts in Italy, Europe and EMEA”, said Marco Stefanini, Global CEO and Founder of Stefanini Group.
“This acquisition is a strategic move to enhance and reinforce our offering in Italy, to enhance Stefanini’s position in Europe, and to accelerate its growth in the market.
This move reflects Stefanini’s commitment to staying at the forefront of technology solutions and further establishing itself as a leading player in the region Solve.it offers similar solutions as Stefanini and is therefore a good addition to strengthen our portfolio, especially in Italy with a more «local approach.” At the same time, our model is to give autonomy to the founders and the actual management in order to keep the cultural aspects of this successful Italian company. The relationship between Solve.it within the Italian market and CIOs is very important, so yes, we will grow, but we are going to stay Italian”, said Farlei Kothe, CEO of Stefanini EMEA.
Customer loyalty was also a key factor in Stefanini’s decision to close this deal: Solve.it has almost 100% contract renewal with very high customer satisfaction. This is crucial for Stefanini, as the company attaches a lot of importance to customer satisfaction, as shown by the excellent results with a NPS score of 63 last year.
This is Stefanini’s first acquisition in Italy. The discussion started in April 2023.
“It was an obvious strong match and A good agreement that made both parties align easily. Our strong focus on modern technology solutions, blue-chip clients from all technological fields, and especially the excellent relationship we have with these clients convinced Stefanini Group management to invest in Italy and in this partnership with Solve.it“, stated Giuseppe Arietti, CEO and Founder of Solve.it.
About Stefanini Group
Stefanini is a global tech multinational, originating from Brazil, with 35 years of experience on the market and a presence in 41 countries. The company invests in a complete innovation ecosystem to serve main industry verticals and assist customers in their digital transformation. With robust offers aligned with market trends such as automation, cloud, Internet of Things (IoT) and User Experience (UX), the company has received recognitions as well as several awards in the innovation area. Currently, the Brazilian multinational has a broad portfolio, which combines innovative consulting and marketing solutions, mobility, personalized campaigns and artificial intelligence with traditional solutions such as Service Desk (with the ability to offer support in 35 languages), Field Service and outsourcing (BPO).
About Solve.it
Solve.it supports IT Service and Operations Management and the digital transformation of its customers through an end-to-end service design approach by providing consulting, application development and management services. Solve.it was founded in Turin in 2003 and has offices in Milan and Bologna. The group is focused on large customers and is present in all technological fields, including the most innovative ones. It operates in the Automotive, Industrial, Food and Rail, Aerospace and Naval sectors.
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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.
Pioneering Sustainability with Dual Recognition
“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”
Driving Sustainability through AI Innovation
VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.
Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.
In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.
Security Sustainability as a Foundation for Social Impact
VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.
Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.
To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.
View original content:https://www.prnewswire.co.uk/news-releases/vivotek-wins-double-honors-for-its-commitment-to-sustainability-302339223.html
Fintech PR
2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded
GUIYANG, China, Dec. 26, 2024 /PRNewswire/ — To fully implement the spirit of “carrying forward China’s cultural heritage” and “promoting the creative transformation and innovative development of fine traditional Chinese culture”, the 2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters”, organized by the Publicity Department of the CPC Guiyang Municipal Committee and hosted by www.huanqiu.com, has successfully concluded on Dec.16. The contest drew thousands of teenagers from both China and abroad, who used cultural empowerment and innovative designs of Chinese characters to narrate and promote Guiyang.
At the “Colorful Guizhou • Literary Plateau” Farming and Reading Event, 59 outstanding works from 26 countries, along with 21 representative pieces from various countries and regions, were showcased. According to the organizing committee of the Global Youth Design Contest on Chinese Characters, “This exhibition serves as both a lasting commemoration of the event and a report to all those who care about the inheritance and promotion of Guiyang and Chinese culture.”
In their submissions, the teenagers selected Chinese characters or phrases they believed best represented Guiyang and reimagined them through innovative designs. Outstanding designs incorporated Guiyang’s iconic architecture and cultural landmarks into Chinese characters to present the city’s urban landscape and historical culture. Some works spotlighted Guiyang’s distinctive cuisine, offering a glimpse into the vibrant and diverse local culinary culture. Some other designs drew inspiration from martial arts villages in Guizhou and featured dragon motifs to symbolize the depth and vitality of Guizhou culture.
Saison from Tajikistan was among the participants in this year’s Global Youth Design Contest on Chinese Characters. Speaking about his design of the Chinese characters, he shared that his design sought to merge the beauty of Chinese characters with the charm of Guiyang. “Guiyang is a captivating place, known for its beautiful scenery, delicious food, and diverse ethnic minorities. I tried to incorporate the beauty of Guiyang into my Chinese character design, hoping to convey the city’s charm and the wonders of Chinese characters through my work.”
The contest officially opened for submissions on September 30. In an effort to boost public engagement and participation, a “cheerleading campaign” was organized for shortlisted works from November 22 to 29. Following expert reviews, 80 outstanding works were ultimately selected for public exhibition.
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View original content:https://www.prnewswire.co.uk/news-releases/2024-global-youth-design-contest-on-chinese-characters-themed-guiyang-in-characters-successfully-concluded-302339323.html
Fintech PR
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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View original content:https://www.prnewswire.co.uk/news-releases/markets-show-resilience-ahead-of-end-of-year-options-expirations-bybit-x-block-scholes-crypto-derivatives-report-302339299.html
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