Trento, June 17, 2024 | Dedagroup (the Group), one of the leading fully Italian-owned IT players and a natural reference for businesses, financial institutions, and public administrations in evolving their IT and digital strategies, accelerates its development across borders. The strengthening of its international growth path coincides with the recent launch of the new corporate identity “Deda—stay dedicated.”
Today, the Group announced the acquisition of 100 percent of Quod Orbis’s shares, a London-based software house specializing in risk management and compliance solutions. This transaction, the fifteenth since 2020, comes close on the heels of an intensification of the investments for Dedagroup’s international growth. Indeed, the Group recently acquired the US-based Share One, a software service provider that complements the Group’s already strong digital banking offering for credit unions in the US. Furthermore, it has strengthened its investments for the further international growth of its subsidiary Deda Stealth, which accompanies the most prominent fashion and luxury brands in their development in Italy and abroad.
“In our path of aggregating new companies, we have always paid the utmost attention to the excellence of the solutions and services they offer and their ability to integrate with the offerings of the other Group’s companies to anticipate our clients’ needs. This constant attention never loses sight of the need to evolve, allowing our clients to gain the maximum benefit from digital and technology. This element is fundamental to bringing profound innovation to public and private businesses in the long term. It’s a continuous work of dedication to observation, research, and integration. In recent years, we have invested heavily in Italy, and now we are increasingly looking across borders with the same spirit. The acquisition of Quod Orbis reflects this strategy. Its Continuous Control Monitoring solution, integrated with our Group offering, will enable us to respond to the growing need for risk control and governance tools. A need, this one, amplified by technological development and regulatory evolution”, stressed Marco Podini, Executive Chairman of Dedagroup.
“Dedagroup has an enviable reputation for excellence and is a trusted partner to companies across the world,” said Martin Greenfield, CEO of Quod Orbis. “Like us, they have seen the growing demand across a wide range of industries for Continuous Controls Monitoring solutions to help increase cyber resilience and empower better governance. This is an exciting new chapter for Quod Orbis to better serve existing our current and future customer base, but it has only been made possible by the talent and dedication of our colleagues, who continue to pioneer change in this most important of sectors.”
The Group is focusing on Governance, Risk, and Compliance (GRC). In this context, advanced digital solutions are crucial for companies, banks, financial institutions, public administrations, and utilities to identify, monitor, manage, and govern risk in the regulatory, IT, financial, and reputational fields. There are no alternative options to an integrated, technology-based control strategy that monitors internal processes dynamically and flexibly, enabling a data-driven approach to support informed, real-time decisions.
The Continuous Control Monitoring (CCM) as a Service platform lies at the heart of the Quod Orbis offering. It provides complete and constant visibility into a company’s cybersecurity, compliance, and risk posture, automating and improving the effectiveness of security controls and supporting and automating the audit of vast IT environments. The solution thus enables more efficient and timely compliance management and reduced costs as it automates several complex and burdensome tasks that are often done manually, enabling better governance and especially risk analysis to support operational resilience.
Quod Orbis’ solutions will enhance Dedagroup’s offering in the GRC field, which integrates the solutions and skills of Deda Cloud, the Group’s Managed Cloud & Security Services Provider, with those of the Hub Finance & Data, a center of excellence that combines the skills and software of Dedagroup’s companies operating in the Banking & Finance, Data and AI fields, to bring banks, insurance companies, financial operators and large corporations the most advanced solutions. Therefore, Quod Orbis’s acquisition is another step in the Group’s strengthening path in the Governance, Risk & Compliance sector, which began in 2022 with the entry of Berma, a company specializing in AML, counterterrorism, and risk mitigation processes, and continued at the end of 2023 with that of Opentech, a software house specializing in integrated GRC solutions.
TLT supported Dedagroup as legal advisor on the transaction.