Keylane acquired GENEVA-ID
13 Jan 2016
Utrecht, Hamburg – Hamburg, 14 January 2016 – GENEVA-ID, a software supplier to the insurance industry with headquarters in Hamburg, Germany, was acquired by Keylane, a leading European provider of insurance and pension software solutions. This acquisition strengthens Keylane’s insurance presence in the DACH region, broadens its product portfolio and provides for excellent local delivery capabilities. End of 2015 Keylane and GENEVA-ID signed the definite agreement.
“We are very glad with this presence in Germany with high potential for several interesting new business opportunities,” says Ronald Kasteel, Executive Board Member of Keylane. “GENEVA-ID provides high quality software to a large customer base spread over various countries in Europe. We trust that this acquisition enables us to expand our business to the DACH region and helps us in becoming the leading provider of flexible SaaS-based
solutions for the insurance and pension industry in Europe.
“Thanks to the strong technology and business fit between GENEVA-ID and Keylane we expect rapid business growth in the DACH region,” adds Martin Nußpickel, CEO of
SUBITO, former owner of GENEVA-ID. “Based on the new company structure, existing as well as new clients can be served even better in the future. Together with Keylane, there is a solid base for assisting both non-life and life insurance companies in managing the challenges they are facing.”
“Keylane and GENEVA-ID complement one another perfectly – in terms of the future product strategy as well as new business growth in Europe”, add Alexander Pusch and Dr. Martin Schäfer, Management of GENEVA-ID. “The product consolidation of both
companies enables us to support individual requirements of non-life and life insurance companies directly and to provide countable added values for future business models.”
GENEVA-ID GmbH is one of the leading providers of software components for insurance companies. In 20 European countries, clients are using IT-Solutions from GENEVA-ID Focus areas are insurance core systems and distribution systems, both are available as on-premise solutions as well as Software as a Service (SaaS). Overall, about 100 employees are working for GENEVA-ID in Hamburg, Düsseldorf and Kevelaer.
Keylane is the market leader in the Benelux for flexible SaaS based solutions that underpin the core processes of life and non-life insurers and pension institutions. With continued expansion and offices also in Germany, the Nordics and the United Kingdom Keylane wants to provide its services in most of Europe. Keylane’s solutions satisfy users in over ninety well-known insurers and pension institutions. Clients achieve a range of benefits from adopting Keylane solutions including cost reduction, shorter time-to-market and
increased customer satisfaction. Through deep industry expertise and world class technology, Keylane delivers outstanding solutions for all of our clients every time. For further information please visit: www.keylane.com
SUBITO is a well-established partner for financial service providers. CEO and owner of the current SUBITO is the co-founder Martin Nußpickel. SUBITO offers software solutions for the end-to-end credit process (consulting, credit extension and processing, recapitalisation and settlement of credits) for a broad range of products and clients as well as debt collection-software. Moreover, SUBITO offers product-independent consulting in the area of credit management and leasing as well as NPL outsourcing solutions. Find more information here: www.subito.de
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