Acturis set to seek new minority PE investor
Summit Partners invested in June 2010.
Software house Acturis is getting ready for the departure of minority private equity backer Summit Partners, Insurance Age can reveal.
“We are considering options to replace Summit but there is nothing immediate in the window,” said co-founder and co-CEO Theo Duchen.
Summit invested in Acturis in June 2010 and Duchen pointed out that an eight and a half year holding period was a “very long” one for private equity.
As minority shareholders Summit, with less than 40% of shares, does not control
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Technology
Biba 2025 Countdown: LexisNexis Risk Solutions’ Tony Pinch
Tony Pinch, head of sales, broker and MGA, UK and Ireland at LexisNexis Risk Solutions suggests a New Era of broking will feature more data enrichment; passes down some tips from his 15 years experience attending the event; and recommends delegates might fancy a trip to see a local exhibition called Operation Ouch! Brains, Bogies and You!
Biba 2025 Countdown: FullCircl’s Ashleigh Gwilliam
Director of insurance industry growth at FullCircl and a member of the Biba Insurance Technology and Innovation Committee, Ashleigh Gwilliam, on ‘fearlessly defending’ his most conference steps title, the case for business cards and why Oasis’ ‘Supersonic’ perfectly encapsulates the event.
Biba 2025 Countdown: Earnix UK’s Andrew How
As Biba 2025 approaches, Earnix UK Insurance director Andrew How recommends attendees keep an open mind, suggests how regional brokers can compete effectively in the New Era and is looking forward to tasting the delights of a local tap room.
Biba 2025 Countdown: Premium Credit’s Owen Thomas
Ahead of the annual event, Owen Thomas, chief sales officer at Premium Credit, underlines the importance of growing compliantly in uncertain economic times, recommends a reliable pit stop to refuel, and nominates Arch’s Mike Bottle as good football manager material.
Biba 2025 Countdown: Broker Insights’ Peter Scott
With exactly a week to go until the conference, Peter Scott, CEO of Broker Insights, advocates meaningful conversations, describes Biba as ‘a marathon, not a sprint,’ and suggests delegates take a moment to reflect at the Alan Turing Memorial in Sackville Gardens.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.
Biba Countdown 2025: SSP Broker’s Martyn Mathews
With the latest Biba conference soon upon us, Martyn Mathews, MD of SSP Broker, highlights the importance of socks, teases a revised sneak peek of its proposition, and explains how he could give speaker Gareth Southgate a run for his money as manager of the Lichfield City under 14s.
Biba 2025 Countdown: Applied Systems’ Tom Needs
Tom Needs, CEO of Applied Systems, is looking forward to a New Era of more efficient, responsive, and customer-centric broking; reckons Arsène Wenger would make a good insurance leader; and expects to end the event with a hoarse throat.