BULGARIA: UK-headquartered Bulgaria-operating Fadata acquires German-based Impeo

London-headquartered Fadata, an IT solutions provider with a major development and operations centre in Bulgaria, said it has acquired German-based digital insurance technology company Impeo and its units, including Serbia-based Impeo Development.

"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," John Macdonald, CEO of Fadata Group, said in a statement last week.

The value of the transaction was not disclosed. Read the full story

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Bulgarian FSC revoked the SyVZK's license

The Bulgarian Financial Supervision Commission (FSC) has revoked the licence of the life insurer SyVZK (TUMICO - Trade Union Mutual Insurance Cooperative) for carrying out insurance activity for all classes, forbidding the company to conclude any new contract for six months.

2017-12-07

ON THE MOVE

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

See all