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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View original content:https://www.prnewswire.co.uk/news-releases/stefanini-group-acquired-solveit-an-italian-company-providing-it-services-to-accelerate-its-growth-in-italy-and-europe-301924809.html
Fintech PR
Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang
BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.
The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.
During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.
The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.
The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.
Original link: https://en.imsilkroad.com/p/343777.html
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View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339538.html
VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.
Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.
In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.
Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”
BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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View original content:https://www.prnewswire.co.uk/news-releases/bingx-introduces-altcoin-index-futures-trading-one-click-countless-trends-302339486.html
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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View original content:https://www.prnewswire.co.uk/news-releases/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure-302339478.html
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