SCALIAN completed the acquisition of INDIZEN for €10m.

SCALIAN, an international provider of solutions and specialized expertise in digital systems, operations performance and digital transformation, completed the acquisition of INDIZEN, a technology firm for developing customized solutions with a special focus on analysis and simulation of massive data for management and quantification of financial risks in trading areas of big banks, for €10m. "The acquisition of INDIZEN is part of our ambitious development strategy undertaken in March 2019 with the arrival of COBEPA as the new majority shareholder alongside ANDERA. This transaction allows SCALIAN to cover the 3 objectives of its external growth strategy: (i) enhancement of group expertise and service offers in key technologies (data management and AI), (ii) intensifying the international development of SCALIAN, and iii) sectorial diversification in particular by reinforcing its position in the insurance, banking and health sectors," Yvan Chabanne, SCALIAN Chief Executive Officer.