Adcubum Receives Growth Investment from TA Associates
Summary
The amount of the deal was not disclosed. The deal will create a leading software provider in the health and P&C markets in Europe, leveraging the complementary expertise and resources of Adcubum and tech11, another firm in which TA has invested in. Led by Emanuele Diquattro, CEO, Adcubum provides a modern core insurance software platform Syrius, which offers a broad array of modules to support insurance processes, including policy administration, quotation, pricing, claims management and settlements, collections and disbursements, as well as partner and commission management. Adcubum is a market leader for health insurers in Switzerland, with emerging expertise and growth in P&C, primarily in Germany. Founded in St. Gallen, Switzerland in 1997, the company has offices in Switzerland and Germany, and a development center in Croatia.
Funding
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