MILAN, April 22, 2013 /PRNewswire/ --
Objectway officially joined the "Elite" program, a prestigious initiative of Borsa Italiana, part of the London Stock Exchange Group, launched over a year ago, with the aim to support the best Italian non-listed companies in their growth path and internationalization trajectory.
Presentations of Objectway and 36 new Elite-program members took place on April 16th 2013 at an event in Milan, organized by Borsa Italiana.
Objectway has been selected to participate in the Elite program after a rigorous qualification process conducted by Borsa Italiana and an independent evaluation committee, on the basis of its positive business track record, financial strength and sustainable growth potential.
Objectway exceeded strict qualification criteria. In fact, the company has a turnover of €50 million, Ebitda over 20% and equity of over €18 million.
Luigi Marciano, President and CEO of Objectway Group, commented on the participation in "Elite": "The Elite program will support Objectway to further extend the business relationships of the company and to solidify its current internationalization initiatives. The support of Borsa Italiana will also be a key tool to further pursue new growth opportunities and company's future IPO-plans."
About Objectway Group
Objectway Group is the leader in Italy and among the top European players in the development and deployment of customized proprietary software solutions, IT services and Business Process Outsourcing (BPO) for financial institutions. Objectway also offers applications and technology consulting to support business innovation.
The Group has established business relationships with over 100 customers in 12 countries: Italy, Belgium, Netherlands, Luxembourg, France, Spain, Portugal, UK, Russia, Canada, Caribbean, South Africa.
Objectway, founded in 1990, has grown steadily, organically and through acquisitions until it has reached a turnover of about 50 million Euros in 2012.
Controlled by the founder, Luigi Marciano, with an interest held by the Futurimpresa Fund, Objectway employs 500 people and has offices in five countries: Italy, UK, France, Belgium, Luxembourg.