DGS

Who owns DGS?

DGS is an Italian IT Services company, currently owned by ICG since 2024.

About DGS

DGS is a Rome-based information technology and cybersecurity services group that designs, integrates and maintains complex IT systems for large public and private sector clients across Italy. The company operates along three core lines: digital transformation and system integration, including application development and proprietary custom software, cybersecurity services, and IT management consulting. It employs more than 1,900 people and generates revenues of roughly EUR 300 million, positioning it as one of the leading independent players in the Italian ICT and cyber services market. DGS serves a loyal base of blue-chip customers, having built specialist depth in digital transformation and cybersecurity over more than two decades of operation.

Ownership journey

DGS was founded in Rome in 1997 and grew over more than two decades into a broad IT and cybersecurity services platform, expanding through a series of bolt-on acquisitions under successive private-equity ownership. In June 2024 ICG acquired the group, investing through ICG Europe Fund VIII in partnership with the company's co-founders and management team, who reinvested alongside the fund. ICG remains the active sponsor backing the current phase of the business, with the founders and senior management retained in the ownership structure. No exit or secondary transaction has been recorded since ICG's entry.

Under PE ownership

Since ICG's 2024 investment, DGS has entered a new phase of expansion aimed at scaling the platform both organically and through acquisition. The group has continued its buy-and-build approach, including adding the management consulting division of Soft Strategy to strengthen its IT management consulting capability. Management has set out an ambition to grow revenues towards EUR 1 billion over the medium term through further M&A, international expansion and deeper cybersecurity offerings, building on a base of expected revenues of about EUR 340 million around the time of the transaction. Headcount stands at more than 1,900 employees as the company consolidates its position as a leading Italian firm in cybersecurity and digital transformation.