24ORE SOFTWARE acquired by TEAMSYSTEM

TeamSystem, a leading Italian management software provider backed by private equity sponsor HgCapital, has executed an agreement to acquire 24OreSoftware, the dedicated software division of publishing conglomerate Gruppo Sole 24 Ore. This corporate carve-out closely follows TeamSystem’s recent acquisition of IBM Italia's ACG division. The transaction was structured and overseen by TeamSystem's management committee, supported by a consortium of advisors including Vitale & Associati acting as global advisor, Gattai, Minoli & Partners providing legal counsel, New Deal Advisors handling financial advisory, and Pirola Pennuto Zei & Associati acting as tax advisors. For the acquirer, led by CEO Federico Leproux, the transaction is a core component of a broader M&A roadmap designed to consolidate the highly fragmented Italian business software market. By integrating 24OreSoftware, TeamSystem unlocks significant operational economies of scale while strategically broadening its existing product suite with specialized vertical modules tailored for construction technicians and tax assistance centers. The acquisition effectively deepens the group's software portfolio and cements its dominant market position as a premier technology provider for domestic corporate clients and professional firms.