A new contract for entrusting functional IT services to the Equitalia Group companies' tax collection system is signed

The total value is €25 million.
The contact covers activities up to 31st December 2015.

CAD IT, leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, announces that Equitalia has signed a new contract that guarantees the continuation of IT services to the Equitalia Group's companies up to 31st December 2015.

The services are carried out on CAD IT's “Sistema Esazione Tributi” (SET) platform which Equitalia decided to adopt in 2010 as the National IT solution to support the Companies that manage public tax collection.

The new contract involves the provision of application management services, including corrective and adaptive maintenance and expert assistance in relation to all the software acquired and all subsequent future software developments.

The total value of the new contract, which will be valid until 31st December 2015, is Euro 25 million.

CAD IT’s Vice President Giampietro Magnani said: “This contract rewards the quality of the products and services offered to Equitalia and recompenses the considerable investments in research and development that we have made in recent years."