Announced
Synopsis
Fortino Capital, a B2B software venture capital and growth equity firm, agreed to acquire a 25% stake in Addactis, the worldwide network delivering first class actuarial and strategic services and software. Financial terms were not disclosed. “With the combination of our expertise in Software, Consulting, and Data Analytics, and a proven knowledge and understanding of insurers challenges grounded by 30 years experiences, we have all ingredients to reach new heights. Fortino Capital’s expertise in SaaS solutions, in Merger & Acquisitions and growth acceleration standards will unlock new market potential, make transformational acquisitions and build the best SaaS solutions. We are confident that with Fortino we will accelerate our path from a multi-local player to the European champion on the global SaaS actuarial software market," Pascal Mignery, Addactis Founder, CEO and Chairman.
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