Sale of Webrisk to Ventiv Technology

Sector(s)
TMT
Deal type
Carve out / Sell your business
Date
September 2017
Countries involved
France / United States

Client

Effisoft designs and develops software solutions for the insurance and reinsurance industries

Deal

Capitalmind advised Effisoft on the disposal of Webrisk business to Ventiv Technology, backed by the US Private Equity Symphony Technology Group

Parties

Lead team

  • Jean-Arthur Dattée

    Jean-Arthur Dattée

    Partner France

What we did

Capitalmind advised Effisoft throughout the entire sale process: preparation of the group exit, negotiation of the transaction’s conditions with Symphony Technology, and coordination of the process until closing.

About the deal

Effisoft is an international group that designs software solutions for insurance, reinsurance and risk management professionals.

WebRisk is a SaaS software designed for insurance and risk management and is accessible from anywhere in the world 24/7, within a secure internet environment.

The disposal of WebRisk will allow Effisoft to focus on the development of its other two core solutions: WebXL (Reinsurance Management) and Solvaset (Solvency II Compliance Management).

Ventiv Technology is the world’s leading independent solutions provider in the area of Risk Management Systems (RMIS). The group has more than 300,000 users in 40 countries. Ventiv Technology is supported in its external growth by its main shareholder: Symphony Technology Group, an American fund specializing in the software industry.