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  5. Adcubum Acquires tech11

M&A Deal Summary

Adcubum Acquires tech11

On December 10, 2021, Adcubum acquired information technology company tech11

Acquisition Highlights
  • This is Adcubum’s 1st transaction in the Information Technology sector.
  • This is Adcubum’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-12-10
Target tech11
Sector Information Technology
Buyer(s) Adcubum
Deal Type Add-on Acquisition

Target

tech11

Würzburg, Germany
tech11 is a provider of digital core insurance platform for the property & casualty insurance industry in Europe. tech11 was founded in 2018 and is based in Würzburg, Germany.

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Buyer(S) 1

Buyer

Adcubum

St. Gallen, Switzerland
Category Company
Founded 1997
Sector Software
Employees400
DESCRIPTION

Adcubum offers a flexible, modular and cloud-enabled system for health and property & casualty (P&C) insurers. The Company’s solutions help to create agile working methods for the insurance market of the future. Adcubum was founded in 1997 and is based in St.Gallen, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
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