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STRATEGIC ALLIANCE BETWEEN ITWAY AND SEAC

Through the acquisition of 50% of BE INNOVA,

SEAC and ITWAY

create the ‘made in Italy’ center of excellence

in IT security

Milan 12 October 2021 – SEAC SpA has completed the acquisition of 50% from Luca Tognana of BE INNOVA srl, a company specialized in the provision of cyber-security and risk management services throughout the Italian territory and owned for the remaining 50% by ITWAY (listed on the MTA of the Italian Stock Exchange).

The new strategic alliance between ITWAY and SEAC (specialized through Seac Security in cybersecurity solutions) significantly strengthens the offer of BE INNOVA, thus creating an Italian center of excellence in IT security.

Be Innova Srl is a company born in 2011 from an industrial project, conceived and led by the ITWAY Group, linked to cyber-security with a strong focus on safety in the e-health sector, thanks to specific skills in the health sector. Itway SpA, an Italian multinational, has been recognized as a company specialized in the Cybersecurity sector since 1996 and has designed and contributed to the creation, in recent decades, of the most important Italian SOC-Security Operation Centers, the first of which in 1998, for the most important Italian telecommunications company.

In the following years, Be Innova has invested heavily in the construction in Trento of a state-of-the-art NOC-SOC, in the creation of vertical and specific products in e-Health and has experienced continuous growth, becoming today a point of reference at a local level. and national. Be Innova Srl offers IT and OT security services, networking and monitoring through a Security Operation Center (SOC), a Network Operation Center (NOC), a Control Room that operates 24×7, and is structured to operate as a Computer Emergency Readiness Team (CERT ). Since March 2019, Be Innova has also been operating as a Cybersecurity Service Center in the Consip SPC Cloud Convention. Be Innova’s technical staff is highly specialized and has over 150 specific certifications in the technical and methodological field on cybersecurity and networking.

The demand for IT security is growing rapidly in Italy and in the world.

According to the research of the dedicated Observatory of the Politecnico di Milano, in fact, the cyber-security market in 2021 in Italy reached the value of 1.37 billion euros (+ 4% compared to 2020) with over 40% of companies which increased the budget to ensure data protection. In 2020, the year of pandemic, lock-down and smart-working, cybersecurity reached the highest number of attacks ever recorded. The global damage has reached impressive figures comparable to the Italian GDP.

Andrea Farina, CEO of Be Innova Srl, Chairman & CEO of Itway: “Itway is a Group that designs, produces and distributes technologies and solutions in the cybersecurity, artificial intelligence (AI) cloud computing and big data sectors. For over 25 years, the Group has been the reference point in the field of Digital Transformation solutions and services in Italy and Southern Europe. Be Innova represents the NOC-SOC in the context of our Itway Security 360 offer and the entry of SEAC is a great source of pride and satisfaction for us. We are confident that new and important opportunities will arise from this close alliance ”.

Franco Cova, General Manager of Seac Spa: “The SEAC Group’s mission is to continue to provide innovative services to give value to the business of its customers. Data protection and security is an essential condition for guaranteeing this value over time and SEAC intends to offer itself to its reference market as a reliable and competent partner for cyber-security services from the initial stages of assessment to continuous management. For this purpose, the Group has set up a specific Business Unit and company dedicated to this area, the Seac Security Service. The acquisition of 50% of Be Innova aims to strengthen this BU, to strengthen the portfolio of know-how and solutions in the field of IT security, to position the Group on new market segments (SMEs) and to create positive synergies with other strategic areas of SEAC (training, knowledge base, B2B services) and with the Itway Group “.

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

Itway – www.itway.com

Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway SpA is the head of a group that operates in the IT sector  for the design, production and distribution of technologies and solutions in the cybersecurity sector , artificial intelligence (AI) cloud computing and big data. For over 25 years the group has represented the reference point in the field of Digital Transformation solutions and services. Since 2001 Itway has been listed on the Electronic Share Market (MTA) of the Italian Stock Exchange.

CONTACTS:

Itway S.p.A.                                                                                          Mirella Villa Comunicazione

Tel. 0544 288710                                                                                Mirella Villa 335 7592701

investor.relation@itway.com                                                           mirella.villa@villacomunicazione.it[:]