TXT e-Solutions Strengths, Domain Expertise, and Key Differentiators
TXT's key differentiators lie in its deep domain expertise and specialized product portfolio for the aerospace, aeronautics, automotive, and banking sectors. The company's focus on software testing and quality services for the banking sector further strengthens its position in the market.
TXT e-Solutions Recent Developments
Since July 2021, TXT e-solutions has been collaborating with Politecnico di Milano and ANT-X to develop innovative solutions using drones cooperating with helicopters for rescue missions. The collaboration aims to expand projects on search and rescue operations, advanced air mobility, drones' mission management, earth monitoring, and cooperation between aerial means.
In April 2020, TXT e-solutions appointed Daniele Misani as its new Chief Executive Officer. This strategic move could have implications for the company's future growth and direction.
TXT e-Solutions Mergers and Acquisitions (M&A) Activities
TXT e-solutions has been active in mergers and acquisitions. Notably, in November 2021, they acquired 100% of the capital of Novigo Consulting and LBA Consulting. Additionally, in July 2021, TXT acquired TeraTron GmbH, a German company specializing in innovative IoT solutions, further expanding its presence in high-tech sectors.
Throughout 2020, TXT assessed over five opportunities and completed three acquisitions. One notable acquisition was the FinTech start-up, TXT Working Capital Solutions S.r.l., dedicated to solutions for the Factoring and Supply Chain Finance market.
TXT e-Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TXT e-Solutions 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 TXT e-Solutions 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 TXT e-Solutions Aerospace and Aviation Engineering customers.
TXT e-Solutions Overview
Via Milano 150
Milano, x, MI 20093, Italy
39 02 257711
https://www.txtgroup.com/
Ownership: - BIT: TXT
Number of Employees: 2254
Functional Markets: ERP Financial, ERP Services and Operations, PLM, SCM, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Media, Professional Services,
TXT e-Solutions Key Enterprise and Cloud Applications
TXT e-Solutions Aerospace and Aviation Engineering
TXT e-Solutions 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.
TXT e-Solutions Revenue Breakdown By Type, $M:
TXT e-Solutions Enterprise Applications Revenues By Functional Markets, $M:
TXT e-Solutions Enterprise Applications Revenues By Verticals, $M:
TXT e-Solutions 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 |
TXT e-Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TXT e-Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TXT e-Solutions Customers
No. of TXT e-Solutions Customers: 55
No. of TXT e-Solutions Enterprise Applications Customers: x
No. of TXT e-Solutions Cloud Customers: x
No. of TXT e-Solutions Cloud Subscribers: x
TXT Group operated through two Divisions: TXT Aerospace, Aviation & Automotive: focused on software for the aerospace, aeronautics and automotive industry, where it offers specific products and specialist engineering services; TXT Fintech: focused on services related to software testing and quality for companies in the banking sector.
The TXT Aerospace, Aviation & Automotive Division is comprised of over 50 major customer companies, including leading manufacturers of aircraft and engines, airlines, civil and defence operators, such as Leonardo, Airbus, Boeing, American Airlines, Pilatus, Saab, Reiser, CAE, Safran Group, GE Aviation, COMAC, Sukhoi, Embraer, Rolls-Royce, Lufthansa and Delta Airlines.
TXT e-Solutions Market Opportunities, M&A and Geo Expansions
In June 2021, - TXT e-solutions, announced that the Training & Simulation Department of Leonardo's Aircraft Division has selected TXT's expertise and capabilities to collaborate on the development of immersive and augmented virtual reality solutions with the aim of further enhancing the realism of pilot and maintenance training simulators offered in conjunction with its aircraft. The XR (Extended Reality) technology in the TXT Pacelab WEAVR platform will be jointly adapted to aircraft training applications and integrated into Leonardo's simulators.
In April 2019, TXT Group acquired Assioma Group. Assioma Group, an Italain software quality specialist had revenues of $10 milion in 2018.
In August 2018, TXT Group acquired Cheleo, an Italian specialist in the field of design and development of products and services for the life cycle management of financing by financial and banking intermediaries.
TXT e-Solutions Risks and Challenges
The software revenue from the TXT Fintech Division accounted for only $1.1 million in 2019, and they entirely due to Cheleo. Cheleo is a company TXT acquired in 2018.
TXT e-Solutions Ecosystem, Partners, Resellers and SI
TXT's ecosystem is strengthened by its technology integrations and strategic partnerships with system integrators and value-added resellers. The collaboration with Politecnico di Milano and ANT-X is an example of how partnerships drive innovation and open up new opportunities in the IT industry.
Furthermore, TXT's presence in various countries like Italy, Germany, UK, France, Switzerland, and the United States, provides a global network of operations, facilitating valuable collaborations and market reach.
TXT e-Solutions Cloud Infrastructure Insights
Subscribe to read more about:
- TXT e-Solutions Public Cloud and Infrastructure (IaaS)
- TXT e-Solutions Platform (PaaS)
- TXT e-Solutions Application Delivery
- TXT e-Solutions 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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