CAD IT wins the tender for the supply of specialist support services for IT service improvement at Poste Italiane S.p.A. financial services - investment product area

The contract is worth Euro 7 million.

The service duration is 24 months.

CAD IT S.p.A., leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, hereby gives notification that it has won the tender for the supply of specialist support services for IT Service Improvement at Poste Italiane S.p.A. Financial Services - Investment Product area.

The new contract involves the supply of software development services, ad hoc extraordinary perfective maintenance, ordinary maintenance and support services for CAD IT S.p.A.'s application platforms relating to financial services and ensures that said supply provided to Poste Italiane S.p.A. since 2008 will be continued.

The overall value of the contract is Euro 7 million and the service will be provided for 24 months.

Although this new contract will not generate significant increases in CAD IT revenues, it will renew visibility for a further two years.