In August 2025, Vitale assisted Fiven S.p.A. (“Fiven”) in the sale of 100% of the share capital of Allos S.r.l. (“Allos”) to DGS S.p.A. (“DGS”), a portfolio company of the private equity fund Intermediate Capital Group (“ICG”). Vitale (IMAP Italy) acted as exclusive financial advisor to Fiven, supporting the structuring and negotiation of the transaction through to its successful completion.
Founded in 1992, Allos is a recognized Italian IT consulting firm specializing in digital transformation projects for Human Capital Management. The company has developed distinctive expertise in the SAP SuccessFactors suite and supports clients across the full HR transformation cycle—from strategy and design to the implementation of advanced technology solutions. In addition to its professional services, Allos offers third-party technologies and proprietary SAP-native modules, also available through the SAP Store. Its reputation as a reference partner in the Italian HR digitalization market is reinforced by a diversified client base spanning industrial, fashion, retail, and automotive sectors.
DGS, a leading Italian group in digital transformation, system integration, and cybersecurity, has a consolidated presence among large corporate clients and public administrations. The Group delivers an integrated portfolio of high-tech IT services across major enterprise platforms including SAP, Microsoft, Oracle, and ServiceNow. Since 2024, DGS has been controlled by Intermediate Capital Group (“ICG”), a global investor with a strong track record in supporting both organic and inorganic growth strategies.
Through the acquisition of Allos, DGS strengthens its positioning within the SAP ecosystem, expanding its vertical capabilities in the HCM segment and enhancing its portfolio with proprietary, high value-added solutions. The integration also provides a strategic opportunity to increase the Group’s delivery capacity and consolidate its role as a leading provider of specialized digital transformation services. This transaction highlights Vitale’s role in advising on complex M&A operations in the Italian IT and consulting sector.
