Transaction

Archiva acquired a majority stake in Mitric

Transaction

Archiva acquired a majority stake in Mitric

Buy-side

Undisclosed

Role

Adviser to Archiva, a portfolio company of Progressio SGR, on its acquisition of Mitric

Sector

Tech & Tech Services

Region

Italy

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.

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We are proud to have supported Archiva in this transaction as well, which represents another step forward in its growth journey. The acquisition of Mitric will enable the company to integrate strategic, technological expertise and solutions that are highly complementary to its offering, strengthening the Group’s positioning in its target market.

Marco Morfino, Managing Partner, Clearwater
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We are pleased to welcome all Mitric team members into the Archiva family and project, and to enhance the set of proprietary technological solutions available to the group to continue supporting our clients in their ongoing digitalisation, efficiency, and business process modernisation efforts. We believe this acquisition will generate significant synergies with the solutions already offered by Archiva and, in particular, that the Checker solution developed by Mitric will bring the market an unprecedented level of control over quality, compliance, and safety processes, fully aligned with Archiva’s vision of a digital transition focused on process excellence and full compliance with national, European, and international standards.

Giuliano Marrone, CEO, Archiva Group

We are thrilled to begin this new chapter within Archiva, with whom we fully share a strategic vision and industrial project. Backed by the group’s expertise and professionalism, we will focus on the further development of the Checker suite, aiming to deliver the best possible experience to the market in terms of quality, audit, and HSE process control. Our sincere thanks go to Siav for the years of collaboration and shared growth.

Luigi Bassani and Davide Pezzi, Founders, Mitric

Advisers

Transactions