X DataNet completed the acquisition of 100% of Coincydence, a Padua-based company specialized in mobile and web app development. Thanks to this opportunity, x DataNet gained a new office in the Northeast. The company based in Mirandola opened a new office in Lombardy as well, near Milan, , which adds to those in Mirandola (Modena) and Rome.
X DataNet, an IT company of the CPL CONCORDIA group specialized in the development of innovative platforms for the management of Corporate Governance processes, continues its strategy of growth by external lines as well and completed the acquisition of 100% of Coincydence (https://coincydence.com), a Padua-based company which is active in the development of technological services for people-to-people collaboration. The IT company based in Mirandola, Modena, decided to strengthen its presence nationwide with new offices in Lombardy, 25 kilometers from Milan. As a result, X DataNet is now present in Italy with four offices (Mirandola, Rome, Saronno and Padua). This is a concrete demonstration of company's continuous growth.
"Our primary goal,” says Alessandro Trionfini, CEO of X DataNet, is to grow faster and faster in the Italian market. The acquisition of the remaining 49 percent of Coincydence, of which we already owned 51%, confirms the strength of our strategy of growth for external lines with a view to constant acceleration in a market that is always very competitive. In addition to this strategy, we keep focusing on our growth for internal lines, that means the hiring of young and brilliant people. The new office in Lombardy, the fourth for X DataNet, confirms this considering that a completely new team works there".
Founded in 2018, Coincydence specialized in mobile and web development projects. The Company focused on designing apps and managing technological projects aimed at improving people’s lives. Over the years, the company based in Padua has created platforms for Nonprofit organizations, public entities, companies, companies that do social work and applications for organization management in the field of assistance and health protection. Coincydence is now a team which is part of X Datanet, specializing in the development of high added value projects in synergy with teams focusing on events and artificial intelligence.
X DataNet is a leading company in Italy for the technological innovation of Corporate Governance processes. Thanks to software and services developed by the company, the legal departments of medium and large companies - listed and unlisted - can improve efficiency and security in the management of processes and documents. In addition, X DataNet’s know-how and expertise can also be very useful for SMEs, cooperatives, consortia and associations. This is demonstrated by the interest aroused by the new EVENGAGE service, specialized in supporting companies and entities in the management of events of all kinds.
Italy is a very particular market, where companies must comply with numerous procedural constraints and adapt quickly to ever-changing regulations, especially in the area of corporate governance. X DataNet, a 100% Italian company, has demonstrated its ability to do this with excellent results, growing by double-digits in revenues, employees and customers over the past three years. Moreover, being part of a group of 1,700 employees like CPL CONCORDIA is a significant added value. The legal and IT departments of Italian companies can count on a solid partner with great experience and specific skills at national level, able to support them in international projects as well.
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