Fadata Group Acquires Digital Insurance Vendor IMPEO, and Expands Operations in German-speaking Markets

Fadata, a leading provider of advanced insurance software solutions, has announced the acquisition of Munich-based digital insurance technology specialist, IMPEO, and its subsidiaries.

The IMPEO acquisition accelerates Fadata’s market presence in the German-speaking markets, and extends its insurance process platform (INSIS solution) with products and services to help insurers engage successfully with their customers and distribution partners.

The IMPEO team of highly skilled and experienced insurance technology specialists and business consultants, including the founders, Ralf Bojarra and Alexander Schweers, and other senior team members, are all joining the expanded Fadata business.

“Fadata’s strategy is to offer our clients the best insurance software solutions to meet their growing and changing business needs” commented John Macdonald, CEO, Fadata Group. “IMPEO ‘s strengths are in their deep understanding of the requirements of the German-speaking markets, in delivering client-focused technology solutions to help insurers market their products, and in the depth of the skills and talent they have to help their customers’ digital journey. IMPEO’s solutions have great synergy with INSIS, our leading insurance process platform, expanding our overall opportunity to be the leading insurance solution vendor in Europe.”

Alexander Schweers, Co-Founder, IMPEO, commented: “Fadata, and its shareholders are in investment mode, capitalizing on their position of strength and industry leadership. We look forward to being part of Fadata’s mission to continue building and offering leading insurance software solutions, at an exciting time when the insurance industry is transforming faster than ever before.”

“We are very pleased to work closely with the team at Fadata, and being a leading part of their growth into the German market. Munich will develop as our principal operating base for the region as we grow the client base and customer services team across all the products of the Fadata Group”, added Ralf Bojarra, Co-Founder, IMPEO.

The acquisition allows Fadata to support insurers’ growing need for modern, mobile friendly customer-engagement and portal solutions, and to help insurers reduce overall costs and complexity by integrating these with Fadata’s existing core insurance process platform for end-to- end support.

The combined offering responds to both challenges, and creates an industry leading, cost effective digital front-to- back-end insurance technology proposition.

For any further information, please contact:

Redleaf Communications:
Sally Walton / Vanessa Chance sw@redleafpr.com / vc@redleafpr.com
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Fadata

Stefan Lucas – Head of Corporate Marketing
Stefan.Lucas@fadata.eu Notes to editors

About Fadata

Fadata is a leading provider of software solutions for insurance companies worldwide. Its core process management platform, INSIS, helps insurers stay competitive by connecting faster and more effectively with their customers. Recognized as an advanced solution by analysts at Gartner and Celent, INSIS is used by insurers in over 30 countries across Europe, the CIS, Middle East, Africa and Latin America.

With headquarters in London and a major development and operations centre in Sofia, Fadata has offices in five countries and an extensive international distribution and partner network that includes EY, Charles Taylor InsureTech, EVRY, Sollers, Tieto, Infosys and Oracle. In 2015 Fadata was acquired by The Riverside Company, a global private equity firm, and Charles Taylor plc., the London-based global provider of insurance services.

About Impeo, a Fadata company

IMPEO is a leading provider of front office digital insurance technology applications, serving the needs of the most advanced insurers, banks, brokers and disruptive FinTech firms.

IMPEO has a strong European presence, and offers an innovative multi-channel sales platform with flexible quote systems, a smart and easy to use CRM system, and integrated next generation portal solutions – all mobile friendly.