ITWAY: THE SUBSIDIARY 4SCIENCE S.p.A.

ORDERS MORE THAN DOUBLE IN THE FIRST HALF OF 2023   

EQUAL TO EURO 1.2 MILLION (+117%)

COMPARED TO THE SAME PERIOD LAST YEAR.

Ravenna, 25 August 2023 – Itway S.p.A. (“Itway” or the “Company”), parent company active in the IT, Cyber Security & Resiliency, Artificial Intelligence (AI) and Big Data sectors, listed on the Mercato Telematico Azionario, organized and managed by Borsa Italiana S.p.A., announces the evolution of the subsidiary 4Science S.p.A., a company consolidated in Itway’s balance sheet and specialized in the Big Data, Digital Repositories and Data Management Systems market.

4Science continued its growth trend also during the first half of 2023, recording an order growth of 117% compared to the first half of 2022, reaching an order value of over Euro 1.2 million.

4Science continued its growth trend, both in the national and international markets, with the acquisition of over 80 new orders. Among the main orders acquired, there are important projects with various Italian Local Public Administrations that have adopted the open source DSpace platform  proposed by 4Science precisely because of its flexibility and interoperability.

The presence in the international market has also been further strengthened thanks to the acquisition of new contracts including  the Imperial College of London, the COAR consortium (Confederation of Open Access Repositories, an international association that brings together over 160 members from over 50 countries representing libraries, universities and research institutes), the universities of Basel and  Sant Gallen in Switzerland, thus bringing the share of the foreign market to over 65% with customers mainly in Europe, USA, LATAM, FAR EAST.

Among the orders also appear the prestigious Harvard University  and  the CDL (Californian Digital Library) of the University of California, the result  of business development activities following the opening of the USA headquarters of 4Science about a year ago in Kansas City. In fact, thanks to the growth achieved in the international market, the company has opened its  own office in the United States of America in  order to closely follow existing customers and to develop new opportunities in the United States by offering its skills both  in the CRIS (Current Research Information Systems) market and in  the Cultural Heritage  market with the product DSpace GLAM (Galleries, Libraries, Archives, Museums).

 “We are very proud  with the growth in orders obtained by the subsidiary 4Science in this first half of the year.” comments G. Andrea Farina, Chairman and CEO of Itway.  ” 4Science demonstrates its ability to grow and its ability to intercept important and prestigious projects, also confirming  that the decision to open an office in the USA  was the right choice that goes in the direction of consolidating and expanding our presence in the international market.”  Andrea Farina adds: “We have invested heavily in our products and this important growth in orders that we have recorded in this semester comforts us and gives us hope for the achievement of the economic objectives that 4Science has set ourselves for this fiscal year”.

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This press release is available at the Company’s registered office and website  at www.itway.com, at the Italian Stock Exchange and at the centralized authorized storage mechanism called “Emarket Storage” managed by Spafid Connect S.p.A., and can be consulted at www.emarketstorage.com.

 Itway – www.itway.com Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway S.p.A. is the head of a Group that operates  in the IT sector for the design, production and distribution of technologies and solutions in the field of cybersecurity, Cyber resiliency,  artificial intelligence (AI), cloud computing and big data. For over 25 years, the group has been the benchmark in the field of Digital Transformation solutions and services. Since 2001 Itway has been listed on the Mercato Telematico Azionario (MTA) of the Italian Stock Exchange