Monterro-backed Lumera to acquite ITM.

Monterro-backed Lumera, an insurtech company, agreed to acquite ITM, an independent provider of data management and technology solutions serving the UK Life and Pensions markets. Financial terms were not disclosed. “This is a union of two successful businesses with much in common, and above all, a joint vision for digitalizing the Life and Pensions industry which we serve. With their combination of industry and tech expertise covering Life and Pensions, data management and pensions dashboards, ITM is a trusted partner to leaders in the UK Life and Pensions space, resembling our status in the Nordic markets. I’m also confident that our teams are complementary and highly compatible in terms of skills, spirit and culture," Jonas Alfredson, Lumera CEO.