PE-backed Innovery buys Obiectivo Technology

Innovery, a portfolio company of Wise Equity, has acquired Obiectivo Technology, an Italian cybersecurity strategic, governance and compliance advisory services for large corporations and public administration.

Innovery, a portfolio company of Wise Equity, has acquired Obiectivo Technology, an Italian cybersecurity strategic, governance and compliance advisory services for large corporations and public administration. No financial terms were disclosed.

PRESS RELEASE

Rome, 5th August 2020 – Wise Equity portfolio company, Innovery, leading system integrator in the Italian cybersecurity market, completed the acquisition of 100% of the share capital of Obiectivo Technology, Italian boutique focused on cyber security strategic, governance and compliance advisory for large corporations and public administration. Pamela Pace will keep serving as Managing Director of Obiectivo, that becoming part of Innovery, will have the chance to accelerate its development plan on domestic and international scale. Through this transaction, Innovery is further strengthening its presence on the ICT market, consolidating its international positioning within the cyber security segment.

Following the transaction, Innovery could provide customers top management with strategic advisory services for the assessment, governance and definition of tailored resiliency models that as of today are almost exclusively delivered by the BigFour.

Obiectivo, on the other side, will benefit of the Innovery know how on defining and implementing technology solutions, thus allowing the Group to act as reference player in a very competitive market segment thanks to an innovative approach centered on the client.
Paolo Gambarini, Founding Partner at Wise Equity, who followed the transaction together with Marco Mancuso, Investment Manager, said: ” Innovery is rapidly consolidating its presence on the reference market, also by completing, in such difficult period, some strategic acquisitions that will allow the company to keep moving along its international development path.”

Gianvittorio Abate, CEO of Innovery, said: “Luckily the pandemic did not hit our business too hard and in a period when companies are more concerned on security as well as ICT topics, Innovery keeps following its strategy of consolidating the market and expanding in it through the acquisition of Obiectivo. With this transaction, the Group enlarges its competences thus strengthening its capability to be an effective enabler and accelerator of customers digital transformation journey, providing a much more comprehensive offer.”

Pamela Pace, Managing Director at Obiectivo, said: “We are extremely happy for this integration that allows both the companies to have a fruitful cooperation and to raise not only volumes but also the positioning in the highest market segments”.

Advisors: • Legal: Simmons & Simmons (Moira Gamba, Alessandro Bonazzi, Ida Montanaro). • Financial and tax: Spada Partners (Guido Sazbon, Antonio Zecca, Bernardo Porcellini, Francesco De Buglio); ***