The transaction is part of the growth strategy of the Italian IT company announced at the end of 2018.
Sesto Fiorentino (FI) Italy, 13.06.2019. FabricaLab, italian company specialized in design and implementation of Business Intelligence solutions, Big Data, Data Integration Tools, Product Lifecycle Management, Corporate Performance Management and Identity and Access Management, announced the acquisition of the majority of capital shares of BI Network Srl, located near Milan and specialized in Data Discovery, Data Management, Data Visualization, Analytics, Big Data and Reporting.
“This acquisition is very important for us and is part of the growth plan announced last December during the annual convention -says Giulio Meghini, CEO of FabricaLab. We found in BI Network a synergic company with our Business Intelligence offer, bringing an important background with regard to the expertise on the main analytics platforms. BI Network has also developed interesting and successful products (BIREPORT – BIMAIL – BIPLAY) that will increase our commercial offer and will be integrated with our PCube CPM platform, considerably enriching the functionality of the product already highly appreciated by the market . Moreover – adds Meghini – the presence in the Milan area will increase with the new operating branch that will allow us to be closer to our customers”.
Thanks to this acquisition, FabricaLab becomes a group of more than 100 people with over 120 customers in all sectors, 80% of which are in the enterprise segment, 7 million euro turnover, 5 resellers in Italy and 30 abroad. “In FabricaLab we have found the ideal partner that will allow us to continue our growth in the competitive environment of the Analytics sector. Our common strategy is to continue developing BIREPORT – BIMAIL and BIPLAY products by leveraging the experience of the new FabricaLab colleagues” – states Antonio Massari, CEO of BI Network.
FabricaLab is a technological partner specialized in design and implementation of Business Intelligence solutions, Big Data, Data Integration Tools, Product Lifecycle Management, Corporate Performance Management and Identity and Access Management. Founded in 1998 in Sesto Fiorentino (Florence) Italy, the company is active both on the national and international market with worldwide enterprise partners. During the last year the company increased its customer portfolio, especially in the Fashion & Luxury sector. Important investments have also been made in human resources, with the addition of specialized professionals (mathematicians, data scientists and engineers). BI Network is a partner for analysis and implementation of integrated applications on Business Intelligence, Analytics, Data Management and Data Discovery projects. The company has been developing analysis and business intelligence models for over 15 years, for a large number of customers and partners in Italy and abroad, managed directly and in collaboration with the most successful consulting companies. ETL, standardization, data visualization, distribution and reporting are the focal points through which it helps to optimize analysis and information sharing projects. Thanks to the considerable experience and knowledge of business processes, BI Network develops software solutions dedicated to the specific needs of companies that want to improve the distribution of information with customers, suppliers, partners and business units.
Lorenzo Meghini, Marketing Area Manager Fabricalab
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