TeamSystem S.p.A. Strengths, Domain Expertise, and Key Differentiators
TeamSystem Group stands as one of Italy's most dynamic companies in the sector. Demonstrating consistent growth since 2000, the company has surpassed average rates in the IT market concerning key economic indicators. With a devoted client base, TeamSystem provides timely advice, assistance, and solutions ensuring comprehensive coverage across various functional areas and market sectors.
TeamSystem S.p.A. Recent Developments
Teamsystem S.p.A. agreed with HUB to introduce D.Storm, HUB's DDoS Attack Simulation Platform, to develop and test the company's DDoS remediation strategy. Leveraging HUB's D.Storm, the organization can substantially minimize its vulnerability to cyber risks and implement corrective measures to fortify its ability to withstand potential DDoS attacks targeting its data silos.
TeamSystem S.p.A. Mergers and Acquisitions (M&A) Activities
In 2022, TeamSystem Group executed multiple acquisitions and increased equity stakes in existing companies. TeamSystem S.p.A. completed the acquisition of a 100% interest in TeamSystem 10 S.r.l., a reseller of TeamSystem software for businesses, accountants, and consultants. Additionally, in January 2022, TeamSystem S.p.A. acquired a 100% controlling interest in Storeden S.r.l., specializing in developing and selling e-commerce software. Further, in April 2022, TeamSystem S.p.A. obtained a controlling interest (100%) in I TReview S.r.l., a company focused on business intelligence solutions.
During June 2022, TeamSystem S.p.A. augmented its stake in Ciaomanager S.r.l., acquiring an additional 36% interest, resulting in TeamSystem holding a controlling interest of 51% in Ciaomanager. Ciaomanager specializes in developing SaaS cloud software solutions for hotels and other innovative software solutions utilizing artificial intelligence, with a put and call option agreement for the remaining 49%.
In October 2022, TeamSystem S.p.A. successfully acquired 100% of the share capital of Teamsyver S.r.l., a newco formed through contributions from Biemme Computer and Studio C. Teamsyver operates as a reseller of TeamSystem software. In December 2022, TeamSystem S.p.A. acquired 100% interest in Progetto Studio S.r.l., which, in turn, owns 100% of the share capital of Sogei S.p.A. Both companies function as resellers of TeamSystem software.
In pursuit of its ongoing efforts to streamline and simplify its organizational and corporate framework, TeamSystem Group finalized a series of corporate mergers in 2022. Noteworthy transactions include the absorption of Factor@Work by TeamSystem Capital at Work SGR, retroactively effective for accounting and tax purposes from 1 January 2022. Additionally, Software del Sol absorbed its subsidiary Reviso Soluciones Cloud S.L., and several subsidiaries, namely TeamSystem 6, TeamSystem 7, and AF Soluzioni, were absorbed into TeamSystem S.p.A. The effective date for accounting and tax purposes was retroactively set to 1 January 2022. In December 2022, the merging of Alia slab, Skylab, Itacme, SGS, and TeamSystem 9 into TeamSystem S.p.A. followed a similar pattern, with a backdated effective date of 1 January 2022. Furthermore, TeamSystem BK was absorbed into TeamSystem Service, with the effective date for accounting and tax purposes set retroactively to 1 January 2022.
Moreover, TeamSystem S.p.A. expanded its portfolio with the acquisition of 100% interest in CZ Informatica S.r.l., SIA S.r.l., and Algoritmi S.r.l., all resellers of TeamSystem software. In January 2022, TeamSystem Financial Value Chain established FIN-MD-TECH, a company specializing in credit brokerage services, in which it holds a 100% stake.
During the course of 2021, TeamSystem Group acquired the following companies or acquired further equity interests in companies in which it already held an equity stake: Modefinance, My Expenses, SGS System House, Var4Team, Logical Soft, Itacme Informatica, Modefinance International, Progetto Studio, Data Consult.
In February 2021, the private equity fund H&F Fund IX managed by Hellman & Friedman ("H&F"), acquired 100% of the share capital of Barolo Lux 1 S.Ã r.l., the direct parent company of TeamSystem Group.
TeamSystem S.p.A. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TeamSystem S.p.A. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of TeamSystem S.p.A. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified TeamSystem Enterprise, TeamSystem Enterprise Cloud, TeamSystem HR, TeamSystem Enterprise CRM customers.
TeamSystem S.p.A. Overview
Via Sandro Pertini 88
Pesaro, x, 61122, Italy
39 0721 42661
https://www.teamsystem.com/
Ownership: - H&F Fund IX
Number of Employees: 3246
Functional Markets: Analytics and BI, Collaboration, Content Management, CRM, eCommerce, ERP Financial, ERP Services and Operations, HCM, PPM, Procurement, SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
TeamSystem S.p.A. Key Enterprise and Cloud Applications
TeamSystem Enterprise, TeamSystem Enterprise Cloud, TeamSystem HR, TeamSystem Enterprise CRM
TeamSystem S.p.A. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
TeamSystem S.p.A. Revenue Breakdown By Type, $M:
TeamSystem S.p.A. Enterprise Applications Revenues By Functional Markets, $M:
TeamSystem S.p.A. Enterprise Applications Revenues By Verticals, $M:
TeamSystem S.p.A. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
TeamSystem S.p.A. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TeamSystem S.p.A. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TeamSystem S.p.A. Customers
No. of TeamSystem S.p.A. Customers: 2000000
No. of TeamSystem S.p.A. Enterprise Applications Customers: 2000000
No. of TeamSystem S.p.A. Cloud Customers: x
No. of TeamSystem S.p.A. Cloud Subscribers: x
More than 1.7 million customers trusted TeamSystem for 40 years to make the digitalization of their activities simple and safe.
TeamSystem S.p.A. Market Opportunities, M&A and Geo Expansions
TeamSystem is the Italian provider of digital solutions for the business management of companies of all sectors and sizes, professionals (accountants, labor consultants, lawyers, condominium administrators, freelancers) and associations.
TeamSystem S.p.A. Risks and Challenges
Due to the economic challenges arising from the COVID-19 pandemic, TeamSystem Group faces the risk that its customers might encounter temporary financial difficulties, potentially impacting their ability to settle payments for the services/products provided by the Group and posing a liquidity risk.
TeamSystem S.p.A. Ecosystem, Partners, Resellers and SI
The strategy of the TeamSystem Group is oriented towards a serious investment policy, with the aim of continuously refining and increasing its offer both in terms of products and quality of services, with a high degree of attention to the real needs of its customers. Over 550 partners and direct offices are constantly engaged in the research and development of technologically advanced and constantly updated solutions according to regulatory changes.
TeamSystem S.p.A. Cloud Infrastructure Insights
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- TeamSystem S.p.A. Public Cloud and Infrastructure (IaaS)
- TeamSystem S.p.A. Platform (PaaS)
- TeamSystem S.p.A. Application Delivery
- TeamSystem S.p.A. Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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