Tinexta - Logo Tinexta

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History

Tinexta S.p.A. was founded in 2009 when Tecno Holding, which is owned by the main Italian Chambers of Commerce, contributed some of its participations. In particular, upon its constitution, Tinexta S.p.A. received the share capital of InfoCert S.p.A., today leader of the Italian market in digitalization services and one of the main Certification Authorities in Europe.

In 2011 InfoCert S.p.A. acquired 25% of the share capital of Sixtema S.p.A., a company active in providing organizational and administrative management services and software to small Italian companies.

In 2012, the Group formulated an industrial plan aimed at transforming the company from a holding company into an industrial group, focused on providing services to businesses. Subsequently, Tinexta S.p.A. acquired - among others - the control of Ribes S.p.A. and Assicom S.p.A., later merged together to form Innolva S.p.A, one of the leading Italian companies for information services and Credit Management. In 2013 Tinexta transformed itself from a limited liability company into a joint-stock company.

In 2014 Tinexta S.p.A. undertook a capital increase of €22.8 million through the sale of 6.7 million shares at a price of €3.40 per share and listed on AIM ITALIA, the Italian Stock Exchange market for small and medium-sized companies.

At the end of 2014, the Tecnoinvestimenti Group expanded with the acquisition of 67.5% of Assicom and its subsidiaries, Creditreform Assicom Ticino SA and Infonet. The latter, which was subsequently merged by incorporation into Ribes in June 2015, strengthened the Group's positioning in the banking market. Assicom, on the other hand, allowed the Group to grow significantly in the corporate market (with over 9,000 customers) and in business to business credit collection.

The following year InfoCert S.p.A. increased its stake in Sixtema S.p.A. from 25% to 35% and acquired Eco-Mind App Factory Srl, a start-up in the document digitalization and electronic signature sector, later merged into InfoCert.

In 2016 Tinexta S.p.A. began a new chapter in its history: it acquired 70% of Co.Mark S.p.A., a leader in furnishing export consulting services to SMEs, and 60% of Visura S.p.A., specialized in services to lawyers and accountants by providing access to the civil and penal judicial telematic system and offering secure electronic transmission of financial statements and corporate documents (Bylaws, Ownership statements, etc) via certified electronic mail. To finance these two acquisitions, the Group undertook a second, larger capital increase of approximately 50 million Euros, which allowed it to move from the AIM segment to the MTA (Equity Telematic Market), STAR segment of the Italian Stock Exchange.

In 2017 The Group acquired a further 55% of Sixtema S.p.A. to reach 80% and launched the merger and reorganization process of Assicom and Ribes. From the two companies Innolva S.p.A. was born, today one of the leaders of Credit Information and Management in terms of size and potential in the Italian market. RE Valuta S.p.A., a leading real estate valuation company in Italy formerly controlled by Ribes, was brought under direct control of Tinexta S.p.A. In addition, Tinexta S.p.A. acquired 70% of Warrant Group S.p.A., today named Warrant Hub S.p.A., a leading company in consultancy services to obtain subsidized finance and industrialize innovation.

2018 has been a year of important events. First of all, the Group made its first acquisition outside Italy: via InfoCert S.p.A. the Group purchased in May 51% of AC Camerfirma, a Spanish Certification Authority. This is the first concrete step towards the goal of creating a pan-European Trust Service Provider (“TSP”).

In July, Innolva S.p.A. finalized the acquisition of Comas S.r.l. and its smaller sister company Webber S.r.l. Comas is active in selling commercial and real estate information through the internet. The transaction is part of a broader strategy aimed at strengthening the positioning on the web and increasing Innolva's market share.

On 26 September 2018, Tinexta S.p.A., again through its subsidiary InfoCert S.p.A., signed an agreement to acquire via a capital increase 50% of LuxTrust S.A., the leader in Digital Trust in Luxembourg that also benefits from strong institutional sponsorship. The joint venture between InfoCert S.p.A. and LuxTrust S.A. is a critical second step towards the goal of creating the pan-European Trust Services leader. The partnership will stimulate the growth of LuxTrust S.A., thanks to the offer of best-in-class services to existing and new customers, with the aim of supporting its international development in the Digital Trust sector in its reference markets, including France, Netherlands and Belgium.

At the end of October, Innolva S.p.A. finalized the acquisition of 100% of Promozioni Servizi S.r.l., a company specializing in consulting to financial institutions for access to the guarantee fund for Mediocredito Centrale SMEs.

On 7 November 2018, the Extraordinary Shareholders' Meeting of Tinexta approved the proposed rebranding of the company name: Tecnoinvestimenti became Tinexta. The new name, TINEXTA, was born from the desire to combine past and present, address a more international audience, and evolve the Company’s visual communication. The name is made up of TI, reference to the traditional denomination of Tecnoinvestimenti "TI" Group (a clear reference to the genesis of the company) and the suffix NEXTA that is composed of the word NEXT (Future) with a strongly positive and proactive connotation, and the suffix "a" which refers to the plural in classical languages and alludes to multiplicity and plurality. With the new identity, the Group enters a new phase of activities, which will be increasingly integrated with a strong development towards foreign markets..

On 21 December 2018 Tinexta S.p.A. finalized the acquisition of 50% of LuxTrust S.A. through the underwriting of 50% of the capital by InfoCert S.p.A.

At the end of March 2019 Tinexta S.p.A. has signed a loan to repay the loan extended by Tecno Holding S.p.A. and to finance the purchase some minorities of subsidiaries. In particular, Tinexta S.p.A. used this loan to acquire 20.25% of Warrant Hub (30 April) to reach a control of 90.25%; in addition it acquired the remaining 10% of Co.Mark S.p.A. (19 July) and the remaining 40% of Visura S.p.A. (30 July) thereby arriving to hold 100% of these companies.

On 18 April 2019 the Shareholders' Meeting of Tinexta S.p.A. approved the 2018 Financial Statements and the distribution of a dividend for the 2018 financial year amounting to 0.228 euro per Share.

On 28 June 2019 the subsidiary Camerfirma S.A. (25% of the Share Capital) along with different private investors, established Camerfirma Colombia S.A.S. with its headquarters in Bogotà. Tinexta S.p.A., with this base aim to  expand in South America.

On 4 October 2019, Tinexta S.p.A. Issued 317,00 new shares following the request received from Cedacri S.p.A. to exercise the last tranche of the Warrants held by the latter at the subscription price of € 3.40 per share. Consequently, the Share Capital of Tinexta S.p.A. rose to 47,207,120 shares with a value of €47,207,120.

On 20 December 2019 Tinexta S.p.A. acquired through its subsidiary Warrant Hub, Privacy Lab, a company operating in the sale of licenses, consultancy, training and tools for managing compliance with the European GDPR legislation.