BV TECH, an Italian company in the ICT and cybersecurity technologies sector, continues to expand on an international scale with important innovations in 2024. In the first six months of the year, the company recorded significant growth, with a turnover of 88 million euros and an EBITDA of 19 million euros, following the forecasts for an annual closing with revenues increasing by 12% and an EBITDA of over 40 million euros.
THEBV TECH’s internationalization journey has reached a turning point with the inauguration of the first generative artificial intelligence laboratory in the United Statesa cutting-edge center dedicated to the development of innovative applications. This laboratory symbolizes a strategic step forward for the company, allowing it to explore new frontiers in cybersecurity and advanced technologies.
The decision to open the laboratory follows the complete acquisition of Arturai Italia and the integration of important business processes that took place in 2023. These strategic moves further consolidate BV TECH’s presence in the global technology landscape, offering advanced solutions to government bodies , private companies and public administration.
The investment in research and development, which represents approximately 10% of the group’s turnover, is an indicator of BV TECH’s strong commitment to innovation. The company aims to continue this growth trend with the aim of reaching one billion euros in turnover in the next five years, aiming to become a world leader in the ICT and cybersecurity sector.
“We look to the future with the ambition to grow and improve further, knowing that the solid foundations built will allow us to confidently face the opportunities and radical changes that await us” explains Raffaele Boccardo, founder and President of BV TECH. “Our strategy is clear: strengthen our internal skills and expand into international markets. What we have done in the first half of the year demonstrates our desire to invest in strategic areas that we believe are crucial for our future, bringing our solutions to sectors with high potential. We also confirm our development plan also for external lines and the possible opening of the share capital with the set objective of reaching one billion in turnover in the time horizon of 5 years. The Group has the capabilities, specializations and critical mass to manage large national strategic projects“.
BV TECH’s international expansion includes the creation of new offices in Germany and the Nordic countries, marking its consolidation in the European market and opening up to new business opportunities. These steps are an integral part of the growth plan which sees the company committed not only to geographical expansion, but also to strengthening its internal capabilities and seeking new strategic collaborations.
