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Smart4: with Topnetwork aims at a large digital group

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(ANSA) – ROME, JUN 17 – Improving current technological skills and possibly expanding the market, reaching an estimated turnover for TopNetwork of around one hundred million euros in the shortest possible time. This is what the SMART4 Engineering group is aiming for, a fund with a strong focus on technologically advanced companies that has acquired 60% of the capital of the Roman group TopNetwork. In the presentation held in Paris, the Smart4 fund underlined how, compared to a traditional private equity, whose investment horizon is around 4-5 years, it aims at an 8-year holding period. “One aspect – declares the managing director Cyril Roger – that allows the company to have a longer period of time to acquire, renew, grow talents and therefore to invest”. There are five countries, specifically France, Spain, Portugal, Italy and Tunisia on which Smart 4 Engineering, through adequate investments, aims to create an international group with high-level skills in the digital and technological sector, with particular attention – adds Cyril Roger – to the digital transformation, data science, cybersecurity and artificial intelligence sector. The goal of Smart 4 Engineering – concludes Cyril – is to create a leading European group in digital transformation, data, AI and cyber, from 400 to 600 million euros within the next six years of digital transformation, “focusing on leading entrepreneurs in the their sectors and in Italy, Franco Celletti, CEO of Topnetwork, is certainly one of them “.

(HANDLE).

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Source: Ansa

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