QiNet S.r.l.
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QiNet S.r.l. - overview
Established
2003
Location
Turin, -, Italy
Primary Industry
IT Security/Cybersecurity
About
QiNet S. r. l. is a technology firm based in Italy that specializes in digital transformation solutions, focusing on enhancing business resilience for clients through innovative and efficient operational strategies.
Founded in 2003 and headquartered in Turin, Italy, QiNet S. r. l. provides digital transformation services.
The company was acquired by Formula Impresoft SpA in June 2022, allowing for a strategic pivot towards cloud and cybersecurity solutions. CEO Riccardo Rolando leads the firm, which has engaged in two deals to date, with its most recent deal concluded on June 22, 2023. QiNet S. r.
l. offers a comprehensive suite of digital transformation services that include application modernization, process automation, and artificial intelligence integration. These services are designed to enhance operational efficiency and business resilience across various industries, focusing on improving speed and agility while ensuring competitive advantage in a rapidly evolving digital landscape. The client base spans multiple sectors across Europe, emphasizing the protection of identity and data management.
In the most recent fiscal year 2022, QiNet S. r. l. reported a revenue of USD 7.
40 mn and an EBITDA of USD 1. 08 mn, generated primarily through service contracts and long-term B2B agreements that include subscription-based pricing for ongoing support and maintenance. QiNet S. r.
l. plans to further expand its offerings in the cloud and cybersecurity sectors, leveraging recent acquisition by Formula Impresoft SpA to enrich its service portfolio. The company is targeting new markets in Europe for expansion and plans to launch new innovative products aimed at enhancing managed services. The funding from the acquisition will facilitate these strategic initiatives, enabling the company to better serve its clients and optimize their digital transformation initiatives.
Current Investors
Metrika
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Infrastructure, IT Security/Cybersecurity
Website
www.qinet.it
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
QiNet S.r.l. - timeline of key events
QiNet S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,813,787 | 2,440,907 | 3,804,587 | 3,504,629 | 6,000,859 | 4,473,024 | 3,525,517 | 4,853,515 | 6,724,431 | - | - | - |
| % Revenue Growth (YoY) | - | (13.3%) | 55.9% | (7.9%) | 71.2% | (25.5%) | (21.2%) | 37.7% | 38.5% | - | - | - |
| EBITDA (USD) | 471,102 | 199,812 | 495,270 | 627,723 | 707,043 | 1,076,775 | 680,643 | 1,381,010 | 511,416 | - | - | - |
| Operating Income (USD) | 448,860 | 167,694 | 462,529 | 587,488 | 669,783 | 1,039,636 | 659,919 | 1,356,521 | 481,184 | - | - | - |
| Operating Margin | 16.0% | 6.9% | 12.2% | 16.8% | 11.2% | 23.2% | 18.7% | 27.9% | 7.2% | - | - | - |
| % EBITDA Margin | 16.7% | 8.2% | 13.0% | 17.9% | 11.8% | 24.1% | 19.3% | 28.5% | 7.6% | - | - | - |
| NET Income (USD) | 375,354 | 82,072 | 278,687 | 401,317 | 437,498 | 735,461 | 466,383 | 958,481 | 351,354 | - | - | - |
| % Net Margin | 13.3% | 3.4% | 7.3% | 11.5% | 7.3% | 16.4% | 13.2% | 19.7% | 5.2% | - | - | - |
QiNet S.r.l. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | QiNet S.r.l. | - | ||||||||
| Add-on | Completed | Upgrade Srl | - | ||||||||
| Buyout | Completed | QiNet S.r.l. | - |
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QiNet S.r.l. - employee data
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