TXT e-Solutions Among Cloud Top 500

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TXT e-Solutions Strengths, Domain Expertise, and Key Differentiators

TXT is focused on software for the aerospace, aeronautics and automotive sectors, where it offers specific products and specialist engineering services, and for the banking sector, where it focuses on software testing and quality services.

TXT e-Solutions Recent Developments

Since July 2021, TXT, Politecnico di Milano and ANT-X are collaborating to develop and test innovative solutions and services based on the use of drones cooperating with helicopters to be employed in rescue missions. As a result of the collaboration, it is expected to start further projects, activities, and initiatives on topics such as search and rescue operations, advanced air mobility, drones’ mission management, earth monitoring, and cooperation between different aerial means.

In April 2020, TXT e-solutions selected Daniele Misani as new Chief Executive Officer.

TXT e-Solutions Mergers and Acquisitions (M&A) Activities

In November 2021, TXT e-Solutions, a software and consulting company based in Milan, Italy, finalized the acquisitions of 100% of the capital of the company Novigo Consulting and LBA Consulting.

In July 2021, TXT e-solutions has finalized the contract regarding the acquisition of the German company TeraTron GmbH ("TeraTron"), acquiring 100% of its capital. TXT will consolidate its results as of 1 August 2021. TeraTron is a German company that has been in the market for more than 20 years, a leader in the provision of innovative IoT solutions for digitalisation, automation and security, mainly in the automotive, industrial (Industry 4.0) and healthcare markets, and a growing presence in other highly innovative and high-tech sectors.

During 2020, more than 5 opportunities were assessed, Due diligence was carried out on various companies and 3 acquisitions were completed. On 15 April 2020, TXT e-Solutions S.p.A. formalised the entry, via a capital increase it financed 60% of, in a FinTech start-up, whose company name is TXT Working Capital Solutions S.r.l., an innovative start-up dedicated to the study and development of solutions for the Factoring and Supply Chain Finance market. The purchase of the 60% shareholding took place via the subscription by TXT e-Solutions of a capital increase for € 0.3 million, plus € 0.5 million of share premium. TXT e-solutions and the shareholders also entered into a Put/Call option contract to purchase the remaining 40% at a price commensurate with the financial and economic results of TXT Working Capital Solutions activities in 2024.

On 13 July 2020, TXT e-solutions S.p.A. has finalised the purchase of MAC Solutions S.A., a Swiss company. Mac Solutions S.A. has been on the market for over 20 years and specialises in providing professional ICT services to the bank sector, supplying and integrating financial software and developing innovative software and Apps designed through the software factory for customers on the Swiss market. At the closing, CHF 5.4 million was paid in cash, of which CHF 2.2 million went in an escrow account linked to Mac Solutions S.A.'s performance over the three-year period 2020-2022.

On 19 October 2020, the final contract was signed for the acquisition of the company HSPI S.p.A., a company specialising in the digital transformation of large Italian public and private companies. At the Closing, € 9.0 million were paid in cash and € 2.5 million were paid by way of ordinary TXT treasury shares.

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

Ownership: - BIT: TXT

Number of Employees: 996

Functional Markets: ERP Financial, ERP Services and Operations Management, PLM, SCM, TRM,

Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Professional Services,

TXT e-Solutions Key Enterprise and Cloud Applications

TXT e-Solutions Aerospace and Aviation Engineering

TXT e-Solutions Revenues, $M:

Type/Year20202021YoY 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:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

TXT e-Solutions Revenues By Region, $M

Region% of Total Revenues2021 Total Revenues, $M2021 Enterprise Applications Revenues, $M2021 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

RegionDirect SalesIndirect SalesTotal
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: x

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

In 2019 the 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 e-solutions is based in Milan and has offices throughout Italy, France, UK, Germany, Spain, Canada, Australia, Hong Kong, Singapore, and United States.

TXT e-Solutions Cloud Infrastructure Insights

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  • 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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