Carlsquare advised the shareholder of GENEVA-ID on its sale to Keylane
GENEVA-ID, a software supplier to the insurance industry with headquarters in Hamburg, Germany, was acquired by Keylane, a leading European provider of insurance and pension software solutions. This acquisition strengthens Keylane’s insurance presence in the DACH region, broadens its product portfolio and provides for excellent local delivery capabilities. End of 2015 Keylane and GENEVA-ID signed the definite agreement.
“Keylane and GENEVA-ID complement one another perfectly – in terms of the future product strategy as well as new business growth in Europe”, add Alexander Pusch and Dr. Martin Schäfer, Management of GENEVA-ID. “The product consolidation of both
companies enables us to support individual requirements of non-life and life insurance companies directly and to provide countable added values for future business models.”