Tinexta S.p.A.

What Tinexta S.p.A. does

Tinexta S.p.A. is an Italian-listed industrial group (Euronext STAR Milan, ticker TNXT) founded in 2009 as a spin-off of Tecno Holding (controlled by Italian Chambers of Commerce and Unioncamere). Headquartered in Rome with over 3,000 employees across 12 countries, the group operates three business units — Digital Trust, Cybersecurity, and Business Innovation — through a portfolio of operating companies including Tinexta Infocert, Tinexta Visura, Tinexta Cyber, Tinexta Innovation Hub, and international subsidiaries (Camerfirma in Spain, CertEurope in France, Ascertia in the UK). Digital Trust is built around InfoCert, one of Europe's largest Certification Authorities, which delivers certified email (PEC), digital signature platforms (including SigningHub and ADSS Server acquired with Ascertia), electronic document preservation, electronic invoicing, and SPID digital identity (accredited by AgID and eIDAS-compliant).

The group generates revenue primarily through recurring subscription services in Digital Trust and Cybersecurity (long-tail B2B contracts with SMEs, large corporates, professionals, and institutions) and project-based professional services in Business Innovation (subsidized-finance consulting via Tinexta Innovation Hub and its subsidiaries Evalue, ABF Décisions, Studio Fieschi, Forvalue, Queryo, Antexis). Go-to-market is sales-led through the operating companies, supplemented by channel partnerships — most notably the Forvalue–Intesa Sanpaolo banking network reaching Italian SMEs — and a direct international footprint via subsidiaries and 100+ partners in 70+ countries (Ascertia). FY2025 revenue reached €457.1M with €103.0M adjusted EBITDA (~22.5% margin). The company is currently undergoing a control change: Zinc BidCo S.p.A. completed a tender offer (OPA) reaching 90.34% of share capital, with Tecno Holding retaining 18.09% and minority free float for the balance.

Name

Tinexta S.p.A.

Legal name

Tinexta S.p.A.

Website

https://tinexta.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tinexta S.p.A. is an Italian-listed industrial group operating three business units — Digital Trust, Cybersecurity, and Business Innovation — through subsidiaries like InfoCert (certified email, digital signatures, SPID identity) and Tinexta Innovation Hub (subsidized finance and consulting), serving SMEs, professionals, corporates, and public institutions across 12 countries.

Ownership category

akta.pro rank

Product category

Digital Trust & Cybersecurity Services

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

akta.pro primary industry

Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)

akta.pro secondary industries

Verification & Risk Signals (Device Fingerprinting, Behavioral Biometrics) (HDADALAJ), Cybersecurity & Identity Consulting (BPAHAEAG)

Keywords

• Digital trust services
• Cybersecurity solutions
• Business innovation consulting
• Digital certification authority
• Subsidized finance consulting

Headquarters

HQ city

Roma

HQ country

Italy

HQ region

Europe

Offices22 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Digital Trust Services: Revenue from digital certification services including electronic signatures, certified email, digital document preservation, electronic invoicing, and SPID identity services through InfoCert, Visura, and other subsidiaries
2. Cybersecurity Services: Revenue from advanced cybersecurity solutions and system integration services through Tinexta Cyber including risk analysis, security design, management, and continuous monitoring
3. Business Innovation Services: Revenue from subsidized finance consulting, business development, digital marketing, internationalization support, and production efficiency services through Tinexta Innovation Hub and subsidiaries

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tinexta S.p.A. is an Italian industrial group that provides integrated digital trust, cybersecurity, and business innovation services through three business units and multiple operating companies. Digital Trust offerings include digital identity (SPID), certified electronic mail (PEC), digital signatures, electronic invoicing, and digital document preservation through InfoCert, Visura, Sixtema, Camerfirma, CertEurope, and Ascertia. Cybersecurity offerings include risk analysis, security design, management, and continuous monitoring through Tinexta Cyber. Business Innovation offerings include subsidized finance consulting, digital transformation advisory, digital marketing, ESG sustainability reporting, and M&A advisory through Tinexta Innovation Hub, Forvalue, Queryo, Evalue, ABF Décisions, Studio Fieschi, and Antexis.

Product overview

Tinexta S.p.A. is an Italian industrial group operating in Digital Trust, Cybersecurity and Business Innovation. The portfolio includes three core business units: Digital Trust (Tinexta Infocert with subsidiaries Sixtema, Camerfirma, CertEurope, Ascertia; and Tinexta Visura), Cybersecurity (Tinexta Cyber), and Business Innovation (Tinexta Innovation Hub with subsidiaries Evalue, Forvalue, Queryo, ABF Décisions, Studio Fieschi, Antexis). The company offers integrated solutions for digital transformation including certified email (PEC), digital signatures, electronic document conservation, electronic invoicing, cybersecurity assessment and solutions, subsidized finance consulting, digital marketing, ESG reporting, and M&A advisory services.

Differentiator

Problem solved

Functional benefit

Brands

• Lextel: Solutions for Lawyers to operate in Digital Justice and Electronic Judicial Process
• Software Gestionali (ISI – Sfera)
• OpenT
• Tinextype

Products and services

• Tinexta Infocert

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ZestcoreStrategic or Co-development PartnerJoint venture OpenT between Tinexta and Zest focused on investing in innovative seed and post-seed startups with €5 million budget, average tickets of €250,000, and follow-on capability up to €750,000. OpenT invests in startups active in digital innovation with focus on IoT, AI, and cybersecurity.
• Intesa SanpaolocoreChannel Partner/ Reseller/ DistributorForvalue, a Tinexta subsidiary, operates through partnership with Intesa Sanpaolo providing digitalization, transformation, and innovation services to SMEs via the bank's network
• BandosubitominorOthersAI-powered platform startup invested by OpenT that helps businesses navigate public grant applications. Founded in 2024, raising €2 million in seed funding
• CronominorOthersSaaS platform startup invested by OpenT that automates B2B sales team work using AI, accelerated by Zest's Magic Mind program
• KepleraminorOthersLegal tech startup invested by OpenT that simplifies legal document management through artificial intelligence, accelerated by Zest's Magic Mind program

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• DocuSign: Global leader in e-signature and agreement cloud, competing with Tinexta's digital signature platforms in enterprise and professional segments. While more general-purpose and US-rooted, it increasingly targets eIDAS-qualified signatures in Europe.
• Entrust: US-headquartered provider of PKI, digital signing, and identity solutions — directly comparable to Ascertia's ADSS Server / SigningHub offerings. Targets enterprises, governments, and trust service providers globally, overlapping with Tinexta's international footprint.
• Thales (Digital Identity & Security): Global cybersecurity and digital identity incumbent (formerly Gemalto) operating eIDAS-qualified trust services, PKI, and digital identity at far larger scale. Competes with Tinexta for large enterprise and government trust service contracts across Europe.
• IDEMIA: French global leader in digital identity, biometrics, and secure credentials. Comparable to Tinexta in eIDAS trust services and EU government identity programs, though IDEMIA plays at much larger scale and in physical+digital ID convergence.

Regional players

• Cy4gate: Italian-listed cybersecurity firm offering cyber intelligence, risk management, and secure communications. Comparable to Tinexta Cyber within the Italian enterprise and government cyber market, though narrower in digital trust scope.
• Sesa: Italian IT services and solutions group serving SMEs and enterprises with digital transformation offerings. Comparable as a regional digitalization channel partner — overlaps with Tinexta's Business Innovation and Forvalue SME-facing proposition.

Direct peers

• Intesi Group: Italian eIDAS-qualified trust service provider (formerly part of the Intesi Group) offering digital signature, certified email, and SPID services. Direct competitor to InfoCert in the Italian market, particularly for professional and PA clients.
• Aruba PEC: Aruba's certified email (PEC) and digital signature business competes directly with Tinexta Infocert in the Italian legal/regulated professional market, offering overlapping PEC, e-signature, and SPID-style identity services.
• Namirial: Italy-headquartered European provider of digital trust, e-signature, certified email, and identity management solutions — the closest head-to-head competitor to Tinexta's InfoCert / Digital Trust BU across SMB and professional segments in Italy and Europe.
• GlobalSign: Belgium-rooted global certificate authority and digital identity provider offering PKI, e-signature, and IoT identity. Competes with Ascertia (a Tinexta subsidiary) for trust service provider and enterprise PKI deals across Europe and globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@tinexta8878
• LinkedInlinkedin.com/company/tinexta
• Xx.com/tinexta
• Facebookfacebook.com/TINEXTA

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tinexta S.p.A.