CAD IT wins the tender to Poste Italiane

CAD IT wins the tender for the supply of "Financial Area" and relative services to Poste Italiane S.p.A.

The value of the CAD IT Group’s supply is Euro 9.6 million.

The supply, and therefore the financial impact on the CAD IT Group balance, will have a duration of 36 months.

CAD IT, leader in the Italian financial software market and quoted in the STAR segment of Borsa Italiana, hereby announces that it has won, as bidder within an RTI (Raggruppamento Temporaneo di Impresa), the tender for the supply of an applicative platform for the management of procedures in the “Third-party Investment Services and Property” and relative services for Poste Italiane S.p.A.

The project foresees the supply of the licence to use the CAD IT “Financial Area” platform and relative start-up services, application management and ordinary maintenance.

Within the total value of the tender, which stands at about Euro 10 million, the CAD IT Group will receive Euro 9.6 million of the revenues. The duration, and consequently the financial impact that it will give rise to, is for 36 months as of the date of contract stipulation.

With Poste Italiane, CAD IT can count another important Financial Institution among its references.

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Giuseppe Dal Cortivo, Chairman and CEO of CAD IT, said, “This success confirms the qualitative level of CAD IT Group’s Financial Area. It is yet further incentive to continue with our strategy to invest in research and development and expand nationally and internationally.”