TA Associates Invests in Adcubum and tech11 to Build Leading European Insurance Software Provider

December 10, 2021

TA Associates announced a strategic growth investment in Swiss insurance software provider Adcubum AG and German P&C software company tech11 GmbH to create a leading health and property & casualty (P&C) insurance software provider across Europe. The investment will combine Adcubum’s Syrius core platform and tech11’s cloud-native P&C platform to accelerate product innovation, expand go-to-market reach and pursue organic and acquisitive growth across European insurance markets.

Buyers
TA Associates
Targets
Adcubum AG, tech11 GmbH
Industry
Cloud & SaaS
Location
St. Gallen, Switzerland
Transaction Type
Growth capital

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