Riverside to Invest in Impeo

8/2/17

The Riverside Company has agreed to invest in Impeo Software GmbH (Impeo) as an add-on to Fadata, its London-based provider of insurance software. Based in Munich, Impeo develops software and provides IT consulting for insurance and financial institutions.

Impeo provides a one-stop-shop front-office sales suite ranging from advisory to full-fledged systems, including CRM and lead-generation abilities. Impeo provides software accelerators, implementation, and ongoing maintenance and support services.

Fadata makes software for a slate of international providers of life and property & casualty insurance. The Impeo acquisition gives Fadata key capabilities to add to its INSIS product offering. It also provides Fadata deeper access to the key markets of the DACH region, enhanced IT and new products.

“Fadata’s remarkable software solutions will receive a boost with the additional knowhow, customers and scale of Impeo,” said Riverside Partner Martin Scott. “We’re excited to continue building this outstanding company.”

Fadata’s flagship Insurance Integrated System (INSIS), is a flexible modular solution that ensures complex automation of insurance businesses. Impeo’s self-service offering will allow Fadata to combine INSIS with a front office service that customers can choose for a comprehensive solution.

“The acquisition of Impeo accelerates our presence across the European market and opens many opportunities to expand the solutions we offer customers to help them interact with their clients, business partners and sales channels,” said Fadata CEO John Macdonald. “Customers and prospects of both companies will greatly benefit from our expanded offering within our Insurance Process Platform.”

Working on the transaction with Scott for Riverside were Vice President Laura Dillon, Associate Julius Hugelshofer, Senior Operating Executive Juan Rufilanchas, Managing Partner George Cole, Managing Partner Hal Greenberg and Partner Jeff Gordon. Origination Principals Tommy Seddon and Patrick Schaich sourced the deal for Riverside.

About The Riverside Company

The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions. The firm’s international portfolio includes more than 80 companies.

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