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Technology / AI and automation

LOGICA AND FINSIEL SET UP ITALIAN JOINT VENTURE

Software house Logica Plc, London W and software and services company Finsiel SpA, have set up a new joint venture company in Italy called Logicasiel SpA, following Finsiel’s acquistion of the controlling shares in Data Management, Logica’s original joint venture partner in Italy: Logica owns 40% of Logicasiel, while Finsiel, via Data Management, owns 60%; Logicasiel is made up of Logica General Systems, the original Logica-Data Management joint venture set up in 1985, and GSO Informatica, which is now wholly owned by the new company; Logicasiel has 240 staff and turnover of approximately UKP15m; it operates in finance, local government and industry, but intends to focus on developing further trade links with the European Commission and pan-European organisations.

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CBR Staff Writer

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