Company Overview of SIA S.p.A.
SIA S.p.A. designs, creates, and manages technology infrastructures and services for financial institutions, central banks, corporates, and public administration bodies in the areas of payments, e-money, network services, and capital markets. It offers network connectivity and messaging services; payment systems services; and capital markets services, including sale of licenses and product maintenance, sale of facility management and/or application management services for own or third party solutions, and business process outsourcing solutions. The company also provides payment cards issuing and acquiring, value added, e-Commerce, innovative, fraud and risk management, dispute and chargeback...
Via Gonin, 36
Milan, MI 20147
Founded in 1977
39 02 60841
39 0260 84 39 20
Key Executives for SIA S.p.A.
Chief Executive Officer and Director
Senior Vice President of Operations
Senior Vice President and International Division Director
Senior Vice President of Central Institutions
Senior Vice President of International
Compensation as of Fiscal Year 2015.
SIA S.p.A. Key Developments
Intesa Reportedly In Advanced Talks To Sell Setefi
Apr 27 16
Intesa Sanpaolo S.p.A. (BIT:ISP) is in advanced talks with prospective buyers for Setefi S.p.A. which is worth more than €1 billion ($1.1 billion), five sources said. Istituto Centrale delle Banche Popolari Italiane Spa (ICBPI) and SIA S.p.A. have both submitted firm offers for Setefi, the sources said. A final decision could come as soon as next week, two of the sources said. Setefi has drawn interest from several heavyweight private equity funds including CVC Capital Partners Limited and Permira Advisers Ltd., the sources said. But most of Setefi's private equity suitors have now walked away from the process, two of the sources said. But for Intesa the choice between ICBPI and SIA is proving difficult. Intesa and SIA declined to comment. ICBPI was not immediately available for comment.
SIA Reports Group Earnings Results for the Year Ended December 31, 2015
Mar 11 16
SIA reported group earnings results for the year ended December 31, 2015. For the period, the company revenues rose to €449.4 million with a growth of €23.1 million over 2014. Also on the rise in 2015 was the gross operating margin which reached €123.9 million with an increase of €1.3 million and the EBIT which was €100.5 million, €2.7 million higher than the year before. Net profit also rose to €69.8 million, growing by €4 million.
SIA Seeks IPO
Mar 11 16
SIA S.p.A. expects to list its shares on the Milan stock exchange in the autumn, Massimo Arringhetti, Chief Executive Officer of SIA S.p.A. said. He added, SIA S.p.A would sell the majority of its capital in the initial public offering (IPO), with current shareholders due to dilute their stakes. The sale of newly issued shares will be considered only in the case of an acquisition. When asked by reporters for the possible IPO value, Arringhetti pointed at recent IPOs in the sector all within the range of 11 to 14 times earnings before interest, tax, depreciation and amortization.
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