LIST S.p.A. (“LIST”), a developer of software solutions for the financial industry, today announced that it has acquired a majority stake in IT Software S.p.A., a fintech company providing solutions for global financial institutions. Financial terms of the transaction were not disclosed.

IT Software, with its subsidiaries The Technancial Company and Exocet, is recognized as a leading global provider in the fintech and, more specifically, the reg-tech space, in which it has recently won several awards. The IT Software group designs and develops cutting-edge solutions for real-time risk management and surveillance, market data distribution, and trading. Under the brand names of EasyTrade® and JANUS™, these solutions are adopted by front-office, middle-office, risk and compliance functions of Sell Side and Buy Side institutions operating in the global markets. IT Software is headquartered in Milan, and has development, support and sales teams in Milan, London, Hong Kong, Chicago and Singapore.

“IT Software has developed a product suite that covers an integrated set of functionalities that is highly complementary to our expertise in trading software,” said Alvise Insalaco, Chief Executive Officer of LIST S.p.A. “Importantly, we believe that this acquisition will enable LIST to enhance our international presence and capabilities, which will play an important role in our international expansion. We are very pleased to complete this acquisition, and look forward to integrating IT Software’s talented team and high-quality products into our strategy.”

“Since our founding, we have worked to be at the forefront of the technological evolution of trading in digital markets,” said Roberto Grande, President of IT Software. “Joining forces with LIST, a company with deep history and expertise that we have respected for a long time, is a natural next step in our company’s evolution. It is exciting to partner with LIST, and we are eager to bring our skills and experience to help drive further growth and value across the business.”

Latham & Watkins provided legal counsel and Fineurop Soditc and KPMG served as financial advisors to LIST.
Marco Fazzini (Cartella & Manzoni) provided legal counsel, Andrea Pirola (Pirola Pennuto Zei & Associati) provided tax advice and Marco Petrelli (Jump Holding) served as financial advisor to IT Software.