We advised Archiva S.r.l. (Archiva or the Group), a portfolio company of Progressio SGR, on its acquisition of a 60% stake in Mitric S.r.l. (Mitric).
Archiva, controlled by the private equity fund Progressio Investimenti IV, operates in the field of technological solutions for digital documentation, data, and process management.
The investment in Mitric marks a strategic step in the growth journey initiated with Progressio's entry into Archiva's capital one year ago. That transaction, in which Clearwater supported Archiva's shareholders in the sale and reinvestment, aimed to drive the company’s development by expanding its service offering and pursuing an M&A strategy focused on identifying synergistic targets in Italy and abroad.
Founded in 2014, Mitric operates as an independent software vendor in the mobile app segment, developing solutions available in both SaaS and on-premise modes. Its main platforms include: Checker (quality control and audit management), Solve’ngo (incident reporting and corrective action management), RMAhero (returns and reverse logistics management), and AccrediQ (supplier qualification and management).
Through this acquisition, Archiva strengthens its technological positioning by complementing its existing offering.
The stake was sold 51% by Siav, Italy’s leading content services platform provider, and 9% by Mitric’s founding partners, who remained in the company as operating shareholders with a minority stake.