Sep 03, 2024
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Italy
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Italy
Total Specific Solutions ("TSS") has acquired Primeur Group ("Primeur"), a leading provider of data integration and secure managed file transfer solutions. Primeur has a significant presence in the finance sector and covers other verticals such as retail, automotive, energy & utilities, and telco. The company serves several Fortune 500 companies and is the 7th TSS acquisition in Italy.
Primeur supports customers in managing and controlling all their data so that it can be used and analyzed without disrupting existing IT systems and applications. The company offers a hybrid data integration platform, Data One, consisting of several solutions. The Contract-Oriented Architecture (COA) first decouples applications and breaks down complex flows. Then, clients can use the Data One solution suite to manage, transfer, monitor, and exchange data flexibly and quickly while ensuring security needs.
Erwin Witte, General Manager at TSS: "We are very pleased to welcome Primeur to TSS. Primeur is the market leader in Italy for data integration within the banking and insurance sector. It is a large and well-established software company that has chosen to become part of TSS to continue its future growth, and this truly excites me. Currently, Primeur mainly has clients in Italy and Spain, but the international rollout of the integration platform has already started in several other countries across the world. Primeur’s company values align with our own philosophy: focus on the client's needs with a long-term perspective on the relationship. Now, we can join forces and give Primeur the backing of a large, strong international software specialist.
I look forward to working with the Primeur team as they enter their next phase. We will firmly support their successful continuous journey of being the most important supplier of data integration solutions.
Edoardo Musso, former President: "I founded the company over 30 years ago with the support of several other people. It has always been my belief that the future would rely on data, which proved right. I am convinced that TSS will support Primeur in growing on a national and international scale and becoming a global reference point for the Data Integration domain.”
Stefano Musso, Managing Director of Primeur: "Primeur has accomplished so much since its creation. In a rapidly growing market, I am convinced that with its unique business model, TSS can assure Primeur and its clients a bright future. We will continue to operate as an independent company while implementing best practices derived from the experience of TSS and CSI. With this, we will ensure that our key stakeholders and clients are cared for in the same unique way as before, but with even more professionalism and commitment. I am excited to work closely with Erwin Witte and his team and will continue to lead the company, ensuring continuity between Primeur's past and future.”
Primeur Group
Primeur Group was founded in Italy in 1986 by Edoardo Musso and Gianfranco Foiani, who believed the future would be data-driven. The focus was on data integration software with a simple UX for the corporate world, which does not integrate applications but only data. Therefore, it leaves all applications intact and does not interfere with the existing infrastructure. Primeur has a strong presence in the financial sector but also supports several vertical markets such as retail, automotive, energy & utilities, and telco. With more than 200 employees worldwide, the company operates mainly in Europe, LATAM, and the US. The group's main offices are in Mendrisio, Milan and Madrid.
The sellers were assisted with the legal aspects of the transaction, the corporate M&A profiles, and the Golden Power notification, by Deloitte Legal. The tax planning of the transaction was supported by Deloitte STS.
TSS was assisted by PwC with the tax, financial, and debt advisory aspects of the transaction.
www.primeur.com
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Primeur supports customers in managing and controlling all their data so that it can be used and analyzed without disrupting existing IT systems and applications. The company offers a hybrid data integration platform, Data One, consisting of several solutions. The Contract-Oriented Architecture (COA) first decouples applications and breaks down complex flows. Then, clients can use the Data One solution suite to manage, transfer, monitor, and exchange data flexibly and quickly while ensuring security needs.
Erwin Witte, General Manager at TSS: "We are very pleased to welcome Primeur to TSS. Primeur is the market leader in Italy for data integration within the banking and insurance sector. It is a large and well-established software company that has chosen to become part of TSS to continue its future growth, and this truly excites me. Currently, Primeur mainly has clients in Italy and Spain, but the international rollout of the integration platform has already started in several other countries across the world. Primeur’s company values align with our own philosophy: focus on the client's needs with a long-term perspective on the relationship. Now, we can join forces and give Primeur the backing of a large, strong international software specialist.
I look forward to working with the Primeur team as they enter their next phase. We will firmly support their successful continuous journey of being the most important supplier of data integration solutions.
Edoardo Musso, former President: "I founded the company over 30 years ago with the support of several other people. It has always been my belief that the future would rely on data, which proved right. I am convinced that TSS will support Primeur in growing on a national and international scale and becoming a global reference point for the Data Integration domain.”
Stefano Musso, Managing Director of Primeur: "Primeur has accomplished so much since its creation. In a rapidly growing market, I am convinced that with its unique business model, TSS can assure Primeur and its clients a bright future. We will continue to operate as an independent company while implementing best practices derived from the experience of TSS and CSI. With this, we will ensure that our key stakeholders and clients are cared for in the same unique way as before, but with even more professionalism and commitment. I am excited to work closely with Erwin Witte and his team and will continue to lead the company, ensuring continuity between Primeur's past and future.”
Primeur Group
Primeur Group was founded in Italy in 1986 by Edoardo Musso and Gianfranco Foiani, who believed the future would be data-driven. The focus was on data integration software with a simple UX for the corporate world, which does not integrate applications but only data. Therefore, it leaves all applications intact and does not interfere with the existing infrastructure. Primeur has a strong presence in the financial sector but also supports several vertical markets such as retail, automotive, energy & utilities, and telco. With more than 200 employees worldwide, the company operates mainly in Europe, LATAM, and the US. The group's main offices are in Mendrisio, Milan and Madrid.
The sellers were assisted with the legal aspects of the transaction, the corporate M&A profiles, and the Golden Power notification, by Deloitte Legal. The tax planning of the transaction was supported by Deloitte STS.
TSS was assisted by PwC with the tax, financial, and debt advisory aspects of the transaction.
www.primeur.com
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