Riverside’s private equity

News Release

Riverside Upgrades Fadata With Software Add-on August 02, 2017

Fadata Enhanced by Insurance Software Provider

The Riverside Company has agreed to invest in Impeo Software GmbH (Impeo) as an add-on to Fadata, its London-based provider of insurance software. Based in Munich, Impeo develops software and provides IT consulting for insurance and financial institutions.

Impeo provides a one-stop-shop front-office sales suite ranging from advisory to full-fledged systems, including CRM and lead-generation abilities. Impeo provides software accelerators, implementation, and ongoing maintenance and support services.

Fadata makes software for a slate of international providers of life and property & casualty insurance. The Impeo acquisition gives Fadata key capabilities to add to its INSIS product offering. It also provides Fadata deeper access to the key markets of the DACH region, enhanced IT and new products.

“Fadata’s remarkable software solutions will receive a boost with the additional knowhow, customers and scale of Impeo,” said Riverside Partner Martin Scott. “We’re excited to continue building this outstanding company.”

Fadata’s flagship Insurance Integrated System (INSIS), is a flexible modular solution that ensures complex automation of insurance businesses. Impeo’s self-service offering will allow Fadata to combine INSIS with a front office service that customers can choose for a comprehensive solution.

“The acquisition of Impeo accelerates our presence across the European market and opens many opportunities to expand the solutions we offer customers to help them interact with their clients, business partners and sales channels,” said Fadata CEO John Macdonald. “Customers and prospects of both companies will greatly benefit from our expanded offering within our Insurance Process Platform.”

Working on the transaction with Scott for Riverside were Vice President Laura Dillon, Associate Julius Hugelshofer, Senior Operating Executive Juan Rufilanchas, Managing Partner George Cole, Managing Partner Hal Greenberg and Partner Jeff Gordon. Origination Principals Tommy Seddon and Patrick Schaich sourced the deal for Riverside.

The Riverside Company

The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions. The firm’s international portfolio includes more than 80 companies.

About Fadata

Fadata is a leading provider of software solutions for insurance companies worldwide. Its core process management platform, INSIS, helps insurers stay competitive by connecting faster and more effectively with their customers. Recognized as an advanced solution by analysts at Gartner and Celent, INSIS is used by insurers in over 30 countries across Europe, the CIS, Middle East, Africa and Latin America.

With headquarters in London and a major development and operations centre in Sofia, Fadata has offices in five countries and an extensive international distribution and partner network that includes EY, Charles Taylor InsureTech, EVRY, Sollers, Tieto, Infosys and Oracle. In 2015 Fadata was acquired by The Riverside Company, a global private equity firm, and Charles Taylor plc., the London-based global provider of insurance services.

Media Contact

Holly Mueller
Communications Consultant
The Riverside Company
+1 216 535 2236