The Everstone Group sponsored Servion Global Solutions has procured Innoveo AG (in the past known as Pactera Switzerland AG), an InsurTech Cloud software supplier, headquartered in Zürich, Switzerland.
Established in 2007, Innoveo AG has workplaces in Zürich, Hong Kong and Budapest and administrations a portion of the world’s biggest insurance organizations with its item Innoveo Skye. This is a multifaceted, cloud-based innovation suite, which empowers digitalization of insurance forms and quickens insurance item dispatch cycles; up to ten times speedier when contrasted with different solutions. This empowers businesses to improve their Customer Experience fundamentally.
The capable Innoveo Skye Business Canvas, an apparatus intended to be utilized by non-specialized business clients, permits insurance organizations to streamline new item improvement and support exercises. Moreover, the Innoveo Skye arrangement extends the item conveyance choices by offering omni-channel computerized capacities, and also enhanced specialist and customer client encounter.
The InsurTech space is developing quickly: as per as of late distributed World Insurance Report, almost 33% (more than 31%) of insurance clients globally utilize InsurTech solutions.
Everstone Capital, through a SPV claims dominant part stake in Servion Global Solutions.
Puneet Pushkarna, Chairman, Servion Global Solutions and new Chairman of Innoveo AG, stated: “Innoveo’s cutting-edge solutions, backed by their outstanding team, offer a unique and strong investment opportunity. We are excited to work with the management and employees and look forward to leveraging our deep understanding of the sector, to help the company strengthen its leadership position in the InsurTech space.”
Nick Stefania, co-founder and CEO at Innoveo, said, “This is an extraordinary turning point in our company’s history since we started in 2007. We’ve already demonstrated our solution’s capability in creating value for insurance companies across the world. Now, we’ve found the right partner, it will enable us to scale and play an important role in the global InsurTech market.”
Sameet Gupte, CEO of Servion Group stated, “The acquisition of Innoveo not only strengthens the group’s focus on Omnichannel Cloud offerings, but also propels us in the InsurTech space. We are very excited to leverage the Innoveo Skye software platform globally along with our existing platforms such as ServIntuit, ServInsights, LCM, U-Nexsys, iAssit, and RapCTI.”