ICT

Zenita Group sets its sights on Salerno: an AI Lab and new talent by 2027

Revenue of 531 million and rising margins: a targeted focus on proprietary products for the group formed following the rebranding of Maticmind

by Andrea Biondi

Lorenzo Forina, ceo Zenita Group

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Zenita Group’s latest venture is set to begin in Salerno. The group has chosen this city in Campania to build its Innovation Centre: a hub dedicated to artificial intelligence, research and development, and the creation of proprietary products.

The project aims to recruit 30 talented young people by 2027 and a further 30 by 2028, whilst gradually centralising in Salerno the activities currently spread across several sites: from the AI Lab to the software factory, right through to technological experimentation initiatives and funded projects.

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This move comes at a time of significant growth for the group, which was formed following the rebranding of Maticmind and operates in the fields of digital infrastructure engineering, cyber security, defence, intelligence and platforms for the public sector. Lorenzo Forina, the group’s CEO, summarises to Il Sole 24 Ore “at least three key projects that are setting us apart at this stage: our role as lead partner in the SGM agreement for general services for the public administration, in a joint venture with TIM; the record figure of 1.5 million candidates for public sector recruitment competitions in 2025, which we handled via our platform, managed without any appeals; and the fact that we are the only Italian company involved in the technological development of the largest wind farm in the North Sea.”

The year 2025 closed with consolidated revenue of €531.4 million, up 13.4% on the previous year. EBITDA rose to €55.5 million (+29.2%), pushing the margin from 9.2% to 10.4%, whilst adjusted EBITDA reached €85.7 million (+29.1%), with its share of revenue rising to 16.1% from 14.2% in 2024. The net loss remains at €41.8 million, partly due to non-recurring items and integration costs. “Our forecast is to achieve a positive net profit in the 2027 financial year,” Forina points out. In the meantime, the group has strengthened its financial structure with a €375 million bond issue. Cash and cash equivalents at the end of the year stood at almost 92 million. “I find it hard to envisage such growth – in terms of revenue and EBITDA – on the market in 2025. We are also pleased to have grown our workforce: we now number around 1,500, 200 of whom are based abroad.”

The decision to choose Salerno fits within this strategy. “We chose it because we believe in the value of the skills this region has to offer and in the quality of its university system. And for us, Salerno is also a hub for involving more and more NEETs in programmes to help them enter the workforce,” says Forina.

AI will be at the heart of the project. Zenita already has between 60 and 70 specialist developers out of a total of around 120 dedicated professionals, and aims to further strengthen this aspect. This decision is linked to the strategy focusing on proprietary products, which currently represent the most profitable part of the business. “Proprietary products generate around 75 per cent of the group’s EBITDA, with margins that can reach 50–60 per cent,” emphasises Forina. It is here that investment is concentrated: in platforms for the public sector, in smart mobility systems, and in applications dedicated to defence and intelligence.

Recruitment will also follow an unconventional approach. Through the Next Pulse project, the group is engaging young people who do not hold a university degree or a school-leaving certificate, selecting them through aptitude tests, role-play exercises and with the support of psychologists.

Growth will also continue through targeted acquisitions. But without any sudden changes. “I prefer lots of small steps that we can integrate rather than a single major deal,” concludes Forina.

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