Profit Software delivers enterprise software solutions that allow insurers to manage all their services, business lines and processes. The Espoo, Finland headquartered company has operations in six northern European countries installing its applications on premise or as SaaS implementations.
“It was a pleasure working with Hampleton Partners. From beginning to end, they managed every aspect of the process and brought together the optimal transaction for all our stakeholders while remaining an independent company,” says Ilkka Starck, CEO of Profit Software.
The private equity fund managed by CapMan Group invested in 2009 and owned 70 per cent of Profit Software Oy shares prior to exit. Profit Software’s chairman, Vesa Wallden from CapMan Technology and responsible for the investment, adds, “Profit Software has grown in the Nordics and has excellent prerequisites to continue its growth under the leadership of its new owners.”
M&A Report – Insurance Technology
Based on the recent experience and discussions with insurance IT players from around the world, Hampleton’s principal partner, Miro Parizek, commented, “We are certain to see more transactions in insurance technology during the near term.”
Hampleton Partners will be releasing later this quarter a report, M&A Market Snapshot – Insurance Tech, covering dynamic transaction activity in the sector with insights on deal drivers, valuation metrics, and industry-related trends.
© Technuter.com News Service
Hampleton Partners Advises on the Sale of Profit Software Oy
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