TXT e-solutions
TXT e-solutions is an international software development and consulting company. Founded in 1989, TXT e-solutions has been listed since July 2000 on the Borsa Italiana–London Stock Exchange (TXT.MI) STAR segment.[1] The company has its headquarters in Milan with offices in Italy, France, United Kingdom, Germany, Switzerland and the United States.
| Type | Public (Borsa Italiana): MI) |
|---|---|
| Industry | Software & Programming |
| Founded | Milan, Italy (1989) |
| Headquarters | , Italy  |
Number of locations | Italy, France, UK, Germany, Switzerland, United States |
Key people | Enrico Magni, President Daniele Misani, CEO |
| Revenue | €68,753 million Euro (2020) |
Number of employees | 996 (As of 2020) |
Overview
TXT operates across Aerospace, Aviation, Defense, Industrial, Government and Fintech. TXT is headquartered in Milan and has subsidiaries in Italy, Germany, the United Kingdom, France, Switzerland and the United States. The holding company TXT e-solutions S.p.A, has been listed on the Italian Stock Exchange, STAR segment (TXT.MI), since July 2000.[2]
Another focus of TXT e-solutions is Research & Development. Its Corporate Research team is involved in several national (Italian) and international research programs.[2][3]
History
TXT e-solution was founded in the 1989. During the 1990s, it released software products dedicated to Production Planning & Scheduling and then its first Software Suite for (SCM) Supply Chain Management. Soon after its IPO in 2000, it started international operations and started up subsidiaries in France, Spain, United Kingdom and Germany. In 2002, TXT e-solutions released its first solutions for Supply Chain Management specialized by Business Processes: Demand Management and Sales and Operations Planning. The year after, it released its new Software Products for Product Data Management (PDM). TXT Polymedia, (former subsidiary of TXT e-solutions), which began in the late 1990s with Multichannel Content Management software, and extended its offering to Digital Terrestrial Television.[4]
In 2004, TXT PERFORM Software products for Demand & Supply Chain Management and Sales & Operation Planning was released, as well as a new Polymedia Mobile Platform. In 2006, Microsoft selected TXT e-solutions for the Industry Builder Initiative to cover Supply Chain Planning needs of consumer-driven industries. The year after, competence areas and line of businesses were grouped into three divisions: TXT PERFORM, TXT POLYMEDIA, and TXT NEXT.
In 2008, there were two important releases for the company: first TXTPERFORM2008 (the new Supply Chain Planning Suite combining Business Intelligence functionalities with Supply Chain Planning), and then Media in a Box (multimedia content management platform).[5]
TXT e-solutions then launched a new Software product for Product Lifecycle Management by TXT PERFORM and new service line for Digital Manufacturing dedicated to Aerospace sector by TXT NEXT.
In 2011, TXT e-solutions focused its development strategy on the TXT PERFORM and TXT NEXT divisions.[6] That year, TXT Polymedia business was sold to Kit Digital Inc. to secure additional financing and to accelerate its international growth.[7]
On 2 October 2017, TXT group finalized the sale of the TXT Retail (TXT PERFORM) division to Aptos, Inc. (formerly a division of Epicor).[8]
References
- Italian Stock Exchange, STAR segment.
- "From Research to Practice: How Does TXT Plan to Deploy Innovations in Sharing Development Knowledge" Archived 28 August 2008 at the Wayback Machine TXT e-solutions joined European co-funded project TEAM, 2007
- TXT e-solutions joined HERMES which is an international collaboration between six organizations in six countries, aimed at providing cognitive care Archived 17 October 2010 at the Wayback Machine HERMES : an international collaboration a EU under Framework Programme 7. Accessed Sept 11, 2009.
- TxT Annual report 2006 Archived 17 July 2011 at the Wayback Machine. Accessed 27 June 2011.
- Ghosh, Narayan Chandra. "Business Intelligence (BI) in Supply Chain Management Business Intelligence".
{{cite journal}}: Cite journal requires|journal=(help) - Archived 8 October 2011 at the Wayback Machine Consolidated Financial Statements as of 31stDecember 2010
- KIT digital Acquires Polymedia, Strengthens Network Operator and Broadcaster-Focused Solutions
- COMPLETION OF THE SALE OF TXT RETAIL DIVISION TO APTOS. Archived 1 December 2017 at the Wayback Machine. Accessed 27 November 2017.