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New Deal


Announced

Completed

TSS completed the acquisition of Prima Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

financial software

Software

France

insurance software vendor

Cross Border

Friendly

Single Bidder

Acquisition

Majority

Private

Synopsis

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Total Specific Solutions, a developer of vertical market software, completed the acquisition of Prima Solutions, a developer of a software platform. Financial terms were not disclosed. "I am pleased to strengthen our TSS position in the insurance software market with Prima Solutions, our first company dedicated to this market in France. Prima Solutions is considered one of the leaders in the French insurance software domain. They target the main insurance providers and offer them modern cloud solutions. Prima Solutions' focus on helping clients with mission-critical solutions for the management and governance of their core products is well aligned with the way how TSS views the importance of vertical market software. Also, Prima Solutions offers a complete range of products and services to help its clients easily integrate their solutions while staying close to the end user," Dorinda van Oosten, TSS General Manager.

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