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- This acquisition is the second investment made by the group since 2022, when Argos Wityu acquired the company.
- The integration of Doxinet marks a significant step forward in SB Italia’s expansion strategy, strengthening the company’s leadership and enriching its portfolio with innovative software solutions.
Argos Wityu has supported SB Italia’s buy-and-build strategy since its acquisition in October 2022. “This acquisition is part of SB Italia’s plan to expand its proprietary software offering. It opens new markets while strengthening our expertise through added-value solutions for customers” explains Andrea Pavesi, Partner at Argos Wityu.
SB Italia, a leading company in the ECM sector, announces the acquisition of Doxinet, a prominent player in the Business Expense management market with its proprietary software, SmartEx. This acquisition holds significant strategic importance for SB Italia, as it enhances the company’s digital service offerings and enables the integration of SmartEx with SB Italia’s proprietary ECM software.
A strategic synergy for complete digital transformation
Doxinet is known in the market for its three business areas, each of which will now strategically integrate with SB Italia:
- Business Expense Reporting: SmartEx is the web and mobile solution to digitize and manage the entire process of Expense Reports and Corporate Travel, boasting over 30,000 users and more than 130 clients, including important names such as BTicino, Carglass, Chanel Group, EMG Synergie, KPMG, Pasquale Bruni, Randstad, and Vimar. SmartEx solution is recognized for simplifying and optimising expense report management, making it a cornerstone of SB Italia’s offering.
- Documentary Services: Doxinet offers highly specialized Document Management services, improving its customers’ operational efficiency.
- Insurance Market: Since 2010, Doxinet has developed solid expertise in Application Maintenance and Operations Management in the Insurance market. This expertise will be essential for SB Italia to strengthen its presence in this strategic sector.
An end-to-end platform for greater efficiency and transparency
“The acquisition of Doxinet not only expands our range of services, but also allows us to provide an end-to-end platform that automates and simplifies business processes,” said Massimo Missaglia, CEO of SB Italia. “Thanks to the integration of SB Italia’s ECM software with Doxinet’s business expense management solutions, we can reduce approval times and ensure greater transparency and traceability, positioning ourselves as the go-to provider for companies looking to digitize and optimize their administrative and management processes. Doxinet’s comprehensive solution for expense management, alongside timesheet and attendance tracking solutions, represents a significant added value for SB Italia. This acquisition allows the company to offer an even more robust and complete value proposition, meeting the growing digitization needs of businesses”.
Strategic impact and future prospects
“The integration of Doxinet’s solutions allows us to respond even more effectively to the needs of companies seeking to undertake a digital transformation journey,” added Massimo Missaglia, CEO of SB Italia. “We are excited to welcome the Doxinet team to our family and collaborate to advance our digital transformation mission.”
Doxinet’s management also expressed great enthusiasm for this new phase. “We are proud to join SB Italia, a company that shares our values of innovation and quality,” said Antonio Vismara, CEO of Doxinet. “This acquisition allows us to take our solutions to the next level, integrating them into a broader and more powerful digital ecosystem.”
With this acquisition, SB Italia continues consolidating its leadership position in the digital solutions sector, offering its clients cutting-edge business process management and optimization solutions. The integration of Doxinet’s solutions represents a significant added value, enabling SB Italia to meet enterprises’ digitalization needs more effectively.
“The acquisition of Doxinet is an important step in our growth and innovation strategy,” concluded Massimo Missaglia, CEO of SB Italia. “We are confident that this operation will bring significant benefits to our clients and help strengthen our position in the digital solutions market.”
