Azentio Software acquires specialist Insurance technology firm Beyontec
SINGAPORE , July 1, 2021 |PRNewswire| -- Azentio Software ("Azentio" or the "Company"), a Singapore -headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company. The transaction is conditional on obtaining relevant regulatory approvals. Beyontec has more than 300 employees and over 65 customers across the US, Middle East , and Africa. The company provides a comprehensive range of digital solutions for the insurance industry, including a core multi-line insurance administration system, digital platform-based ecosystem solutions, and a comprehensive set of cloud-based accelerator tools. The acquisition expands Azentio''s customer base and product suite with the goal of becoming the preeminent banking, financial services, and insurance-led technology product company in high-growth markets. Azentio and Beyontec have significant synergies - allowing Azentio to offer an enhanced insurance product and end-to-end insurtech solutions for General, Health, Life, and Commercial insurance.
Azentio Software acquires specialist Insurance technology firm Beyontec
SINGAPORE , July 1, 2021 |PRNewswire| -- Azentio Software ("Azentio" or the "Company"), a Singapore -headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company. The transaction is conditional on obtaining relevant regulatory approvals. Beyontec has more than 300 employees and over 65 customers across the US, Middle East , and Africa. The company provides a comprehensive range of digital solutions for the insurance industry, including a core multi-line insurance administration system, digital platform-based ecosystem solutions, and a comprehensive set of cloud-based accelerator tools. The acquisition expands Azentio''s customer base and product suite with the goal of becoming the preeminent banking, financial services, and insurance-led technology product company in high-growth markets. Azentio and Beyontec have significant synergies - allowing Azentio to offer an enhanced insurance product and end-to-end insurtech solutions for General, Health, Life, and Commercial insurance.