Ta Associates Announces Strategic Growth Investment In Adcubum And Tech11 To Create Leading Health And P&Amp;C Insurance Software Provider In Europe
Ta Associates Announces Strategic Growth Investment In Adcubum And Tech11 To Create Leading Health And P&Amp;C Insurance Software Provider In Europe
12/10/21, 6:00 AM
Location
bostonTA Associates, a leading global growth private equity firm, today announced a strategic growth investment in Adcubum AG, a leading Swiss health and property & casualty (P&C) insurance software provider, and tech11 GmbH, a fast-growing insurance software provider serving the P&C market in Germany and across Europe. The investment will create a leading software provider in the health and P&C markets in Europe, leveraging the momentum of both Adcubum and tech11. Financial terms of the transactions were not disclosed.
Company Info
Location
boston, massachusetts, united states
Additional Info
Adcubum is a leading software manufacturer for the international insurance industry. Founded in St. Gallen, Switzerland in 1997, Adcubum has offices in Germany and Switzerland and around 400 employees across eight locations, including an R&D center in Croatia. Its core product, Adcubum Syrius, is a flexible, modular and cloud-capable system for health and property & casualty insurers. Together with its customers, Adcubum develops solutions for the insurance market of the future and creates an ideal environment for agile work processes. More information about Adcubum can be found at www.adcubum.com.