Italian digital content provider Buongiorno has put Wayne Pitout, former Chief Executive Officer and Co-founder of iTouch, in charge of its M&A strategy, as the company targets further growth opportunities in 2008,
Pitout came into the company after his company was incorporated into the Italain outfit, and now it look as if the content giant is going to get back out on the acquisition trial in 2008.
Buongiorno is a partner of operators and media groups, and has its own consumer brand, Blinko. The Group is expected to generate turnover in the range of €330-350 million for 2008 with EBITDA of € 41-45 million.
Andrea Casalini, CEO of the Group, said, “Buongiorno now has an international footprint and a team that is unrivalled in the industry. The consolidation achieved through the incorporation of iTouch will enable us to invest even further in new ideas and new products, particularly in the field of convergent web and mobile services.
“Today’s announcement underlines the strategy adopted by the Group in pursuing the important target results we have set ourselves for 2008. The central pillars of the organisation have been strengthened in order to keep margins high to ensure growth, following streamlining of costs at a local level. This will help to create value not only for shareholders but also for business clients and consumers worldwide.”