Software solutions provider, Fadata, has acquired 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 insurance technology specialists and business consultants, including the founders, Ralf Bojarra and Alexander Schweers, the general manager, Thomas Rekittke, and other senior team members, are all joining the expanded Fadata business.
Fadata Group CEO John Macdonald said: “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.”
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