Effisoft group sells its RMIS unit to the global software provider Ventiv Technology. Doing so enables Effisoft to strengthen its investments in its two other solutions: WebXL for reinsurance management and Solvaset for Solvency II requirements.
Effisoft SAS, the software provider for insurance professionals, announces that it has completed the sale of its RMIS business (Risk Management Information System) known internationally as Webrisk. Ventiv Technology is the world’s leading independent provider of risk technology solutions.
Ventiv Managing Director, Steve Cloutman, says: “We’re delighted to announce the acquisition of Webrisk; this acquisition is a solid step in growing Ventiv’s European operations. Webrisk comes with a strong reputation, a fantastic customer base, a highly skilled team and a great product – all of which we’re proud to be adding to the Ventiv group in Europe.”
Effisoft’s co-founder, Pascal Stopnicki, enthusiastically remarks: “This transaction is part of our strategic plan and will enable us to achieve our ambitious growth targets. Effisoft will strengthen its investments in two other areas:
- Reinsurance management with the WebXL software solution
- Solvency II regulatory compliance with the Solvaset suite (which is comprised of 3 software solutions: Ooliba, Valdys and Assuretat).
“These two software offerings are powered by the same technological platform and target similar markets. Several insurance companies are in fact already using software products from the two suites, both in Europe and in the United States. As a matter of fact, Effisoft’s Solvency II expertise is very much appreciated by North American groups with subsidiaries subjected to the European regulations. This strategic transaction will therefore benefit all of our customers, affiliates, and employees.”
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