Fadata expands in German markets with insurtech specialist acquisition
Insurance software solutions provider Fadata as acquired Munich-based insurance technology specialist IMPEO, along with its subsidiaries.
Fadata hopes to increase its market presence in German-speaking markets with this acquisition, and extend its insurance process platform, INSIS solution, with products and services to help insurers engage with their customers and distribution partners.
IMPEO’s founders Ralf Bojarra and Alexander Schweers, along with general manager Thomas Rekittke and other senior team members will all be 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.”
Ralf Bojarra, co-founder, IMPEO, added: “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.”
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