Prima Solutions and Effisoft Announce Their Merger to Bolster Global Leadership in Providing Insurance Solutions

PARIS–(BUSINESS WIRE)–As part of their continuing growth strategies, Prima Solutions and
Effisoft announce their merger to create a global InsureTech company.
This merger between Effisoft, the leading vendor of reinsurance and
regulatory software solutions for insurance and reinsurance companies
across the globe, and Prima Solutions, one of Europe’s leading software
provider for Life, Health, and P&C insurance companies, will produce one
of the largest and most comprehensive players in Europe, North America,
and the Asia-Pacific region with cloud-based solutions covering all
areas of the insurance market.

This merger, concluded on December 13, will enable both groups to
accelerate their development in the P&C, health and personal protection
insurance markets. This merger is part of an ambitious and coherent
growth strategy: it completes Prima Solutions’ and Effisoft’s existing
product range, diversifies the customer base and strengthens the group’s
international positioning.

The transactional and analytical offerings of Prima Solutions and
Effisoft, available in the cloud, now cover all insurance processes
end-to-end: Life, Non-Life, reinsurance, regulatory reporting, and
analytics (including predictive simulations and actuarial calculations).

This merger of two key players is a major step for both our
organizations; it broadens our customer base and our international
footprint, thanks to a global offering that covers all the core business
digitalization needs of our customers we now have further opportunities
for growth across the board. This offer, available in the cloud and
billable upon use, effectively targets players of all sizes in the
insurance and reinsurance markets
,” stated Hugues
Delannoy, CEO of Prima Solutions

Julien Victor, CEO of Effisoft, added: “The proliferation of
High Tech and regulatory evolution are inevitable in the insurance
market. This merger enables us to become the first player to provide a
100% digital solution that addresses the overall business needs of the
industry. Moreover, our groups are complementary in nature in
terms of both customer-base and geographic implementation coverage, and
together we will share more than 20 years of experience in building
comprehensive business software solutions for the insurance industry

Following this merger, the group will continue to be led by Hugues
Delannoy and Julien Victor, with the support of The Carlyle Group as the
majority shareholder.

The consolidated group has more than 300 employees, servicing more than
300 customers across 5 continents, and generates revenues of
approximately €50 million.

About Effisoft

Effisoft is a Paris-based international group that designs software
solutions for insurance and reinsurance professionals. The group
specializes in optimizing reinsurance operations and regulatory
compliance with Solvency II.

About Prima Solutions

Prima Solutions provides P&C and L&H insurers the Prima Insure™ software
platform to become a leader in insurance innovation. 100% web enabled,
multilingual and delivered via SaaS mode, its addresses the entire life
cycle of an insurance policy.

About The Carlyle Group and Carlyle Europe Technology Partners

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager
with $212 billion of assets under management across 339 investment
vehicles as of September 30, 2018. Carlyle Europe Technology Partners
(CETP) seeks to invest in European technology, media and
telecommunications (TMT) companies. CETP’s European team of advisors
provides strategic direction and resources to help accelerate the growth
of companies in which CETP has invested and to support their efforts to
expand internationally and to open up new market opportunities. The
current fund is now the fourth one in the CETP franchise. In total, more
than 143 investors from 34 countries have made commitments to CETP funds.


Dominic RIDING
+33(0)6 66 58 81 92