CAD IT SpA acquires control of Elidata

The Veronese I.T. group enriches its range with a product for direct connection between banks and national and foreign stock exchanges

With its controlling share in ELIDATA, CAD IT enters into a new software market niche for banks and brokers

Caronte, ELIDATA’s product for connecting banks and brokers to financial markets is a complimentary tool compared to CAD IT’s Finance Area software which is used by banks which represent 57% of Italian banking outlets.

CAD IT S.p.A. (www.cadit.it), leader in information technology systems for the banking sector and financial institutions, has acquired 51% of Elidata S.r.l.’s company capital (www.elidata.it). Elidata is a company located in Lodi (Italy) and specialises in the production of software for financial institutions.