Siav, accounts and business of the company that won Consip

Siav, accounts and business of the company that won Consip

All the details on Siav, the Padua-based company that was awarded the 20 million euro contract by Consip for some digital services to the Pa

Siav, a company listed on Euronext Growth Milan and active in the Enterprise Content Management sector, wins a Consip tender worth 20.2 million euros.

The Padua-based company was awarded the tender called by Consip for the award of cloud application services and services in a temporary grouping of companies (RTI) with Cap Gemini Italia, Sirfin PA, Expleo Italia, Dedalus Italia, Teleconsys and Vodafone Italia demand and PMO (Project Management Office) for central public administrations.

“The order, worth over 20 million euros, taking up the challenge of the digital transition of PAs, allows us to accelerate the achievement of the industrial development objectives of the Siav Group” commented the CEO Nicola Voltan.

The order follows the signing of a contract for Siav, together with Accenture, Ibm Italia, the Reply Public Sector Consortium, Go Project, and Leonardo, as part of the tender called by Consip for the assignment of services on Inail information systems. In particular, the total amount amounts to 26.3 million euros in 36 months, of which approximately 1 million euros dedicated to supply services by Siav.

All the details on Siav spa accounts and activities.


Siav has been awarded a contract for the next 4 years by Consip for the cloud of the Pa.

Specifically, the total amount is approximately € 144 million, of which approximately € 20.2 million due to the Siav Group, in 48 months starting from 2023.


The services provided by Siav will concern the development and evolutionary maintenance of software, the application migration to the cloud, the development and evolution of software through PPP, corrective and adaptive maintenance, technical-specialist ICT support and configuration support. and / or customization of third party software, open source or reuse.


Siav is an operator active in Italy in the Enterprise Content Management sector. As stated on its website , the company offers software, cloud solutions and outsourcing services for Electronic Document Management, Workflow Management, Electronic Invoicing and Digital Storage.

Established in 1989 by Alfieri Voltan, current President, it is present with offices in Padua, Milan, Genoa, Bologna and Rome; also operates in Switzerland and Romania.
In addition to Siav SpA, the Group is made up of companies whose activities are integrated into the Parent Company's offer model. In particular, the subsidiary Mitric SA, in turn controlling 100% of Mitric Srl, operating in the development of mobile applications aimed at optimizing business processes and the subsidiary Credit Service SpA, dedicated to the management of trade credit through the platform owner MyCreditService.


As of December 31, 2021, the group had 324 employees (43 middle managers and 8 managers).


The Group boasts over 4,000 customers in the public and private market, including Amadori, Bayker, Camst, Cefla, Clementoni, Cnpadc, Electrolux, Ferretti Group, Granarolo, Hera, ISTAT, Kerakoll, Menarini, Eli Lilly, Roquette, Sacmi, Segafredo, Unicoop and UnipolSai.


Siav holds equity investments in the following companies: Servizi Documentali Srl with registered office in Padua (100%); Siav East Europe based in Romania (100%); Mitric SA (51%), Siav Suisse Sagl (100%); Credit Service SpA (13.12%) and Consorzio Consis (20%).


As stated in the report of the 2021 financial statements, the company recorded revenues of 30.3 million euros, an increase of 18.6% compared to the 25.6 million recorded in the 2020 financial year. The value of production in 2021 is it stood at 38.5 million euros, an increase of over 26% compared to the previous year. With reference to production costs of 34.5 million euros in 2021 (27.7 million in 2020), the most significant costs for Siav Spa are costs for services and personnel costs.

In particular, the costs for services increased in 2021 compared to 2020 by approx. 18% (from Euro 11.2 million in 2020 to Euro 13.2 million in 2021), following the increase in costs for the datacenter necessary to support the growth of the sales business from a SaaS perspective, while the costs for personnel increased by approx. 34% (from € 13.7 million in 2020 to € 18.3 million in 2021), following the entry of new units to upgrade the delivery and software development area.

In 2021, Ebitda stood at 4 million euros, up both in terms of incidence on the value of production and in absolute value compared to the previous year in which it was equal to 2.7 million euros.

The company closed the year with a positive economic result: the profit amounted to 1.1 million euros. Net financial debt is up and equal to 6.8 million euros, compared to 2.6 million in 2020, with cash and cash equivalents at 31 December 2021 which are substantially in line with the 2020 figure and equal to 4.7 million EUR.


Lastly, on 4 August Siav Spa was listed on the Euronext Growth Milan (EGM) market, the Piazza Affari segment dedicated to SMEs with high growth potential. The company concluded the placement of its own ordinary shares with total deposits of 5 million euros. The free float at the time of admission was 16.66% and the market capitalization at the time of listing was € 27 million.


The shareholder structure is divided as follows: Taco Holding (a company attributable to the Voltan family) has 53.59% of the capital, the president Alfieri Voltan directly has 2.63% and the CEO Nicola Voltan 4.12%. Another eight shareholders (family and non-family) have stakes between 1% and 4.12%.

This is a machine translation from Italian language of a post published on Start Magazine at the URL on Wed, 21 Sep 2022 05:20:38 +0000.