TXT e-solutions achieves CMMI maturity level 3 update

By PACE Aerospace & IT, Apr 08, 2019

Filed under: #Press Release

Software provider becomes one of the first companies worldwide to be appraised with new CMMI V2.0 model

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MILAN, 8 April 2019 – TXT e-solutions, a specialized provider of advanced software solutions, today announced that it has been successfully appraised at maturity level 3 with the recently update of the CMMI Institute’s Capability Maturity Model Integration. The independent appraisal acknowledges the software development standards and processes established in the company’s Onboard Software, Training & Simulation and Digital Manufacturing divisions.

TXT received their first CMMI appraisal in 2007 and have successfully validated their approach as the maturity model evolved: "We are proud to have been one of the first companies worldwide, and probably the first in Italy, to be successfully evaluated with the new CMMI V2.0 model," says Flavio Fusetti, Senior Vice President at TXT e-solutions. "Our customers trust us with their business- and mission-critical processes, so quality assurance has always been a top priority."

CMMI V2.0 has introduced a set of best practices that are effectively in line with TXT company policy, particularly concerning the adoption of Agile methodology in software development. Agile techniques are widely employed across the company and its subsidiaries, not only in the CMMI-reviewed development of software products and mobile apps, but also in other, Automotive SPICE-compliant, projects. TXT also holds other key certifications including ISO EN 9100:2018 for aerospace activities.

CMMI is a global standard for industry best practices, whose maturity levels allow customers to benchmark potential suppliers. Maturity level 3 certifies that the appraised TXT divisions are performing at a defined level, using well-documented and communicated procedures, tools and methods.

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Note to editors

About TXT e-solutions

TXT is an international, specialized provider of advanced software solutions supporting customers in high-tech markets in their mission- and business-critical core processes and throughout their product lifecycles.

TXT operates in two main business areas:

  • Engineering software products and solutions for the aerospace, aviation and automotive industries
  • Software quality services and credit management solutions for the banking and finance industry

Founded in 1989, TXT has been listed in the STAR segment of the Italian Stock Exchange since July 2000 (TXT.MI) and employs more than 350 staff at its Milan headquarter and its subsidiaries in Italy, Germany, France, Switzerland, the UK and the US.

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Founded in 1995, PACE Aerospace Engineering and Information Technology GmbH is an international, specialized provider of engineering software solutions that support customers in high-tech markets throughout their mission- and business-critical processes and their product lifecycles. 

 

PACE develops innovative, highly usable software products that have helped to design, market and operate a significant portion of the world’s aircraft for more than three decades. Major areas of applications are: Preliminary aircraft and systems design, HMI & Embedded Graphics, Product configuration, Aircraft analysis and evaluation, Fuel and operational efficiency management, XR and AI based Training. 

 

PACE extensive customer base includes the world’s top aircraft and engine manufacturers, civil and military operators, maintenance service providers and research institutions. 

 

PACE  is subject to the management and coordination of TXT e-solutions Spa, holding company of the TXT Group listed on the Italian Stock Exchange, STAR segment (TXT.MI)

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