TeamSystem – Italian leader in the development and distribution of software and services – acquired a majority stake of AliasLab, a company mainly focused on solutions for electronic signature and authentication, with a distinctive positioning in the country.
The deal will enable TeamSystem to leverage on various innovative solutions and competences at European level, making the Group a relevant player in the market, which is expected to quadruple its value by 2020.
AliasLab is a company characterized by a strong growth, as it doubled its revenue over the past three years and reached an Ebitda of about 8 million Euros in 2016. AliasLab solutions are based on a high technological and innovative content, making the offer exclusive and unique for its customers.