Add-on Acquisition • Software

TIA Technology A/S Acquires goBundl ApS

On February 8, 2018, TIA Technology A/S acquired software company goBundl ApS

Acquisition Context

This is TIA Technology A/S’s 1st transaction in the Software sector.
This is TIA Technology A/S’s 1st transaction in Denmark.

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M&A Deal Summary
Date	February 8, 2018
Target	goBundl ApS
Sector	Software
Buyer(s)	TIA Technology A/S
Deal Type	Add-on Acquisition

Target Company

goBundl ApS

Copenhagen, Denmark

goBundl ApS creates an online platform, where people are able to bundle together to create their own insurance groups, composed of family, friends or sports clubs - people who know and care about each other.

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Buyer Overview 1

Buyer

TIA Technology A/S

Virum, Denmark

Category	Company
Founded	1997
Sector	Information Technology
Revenue	138M DKK (2013)

DESCRIPTION

TIA Technology is a provider of standardized insurance software solutions in Europe and South Africa. The Company addresses the migration trend from legacy systems to standardized software and offers flexible and comprehensive suites of core insurance applications primarily for Property & Casualty insurers, Life & Pension, Health, and a number of innovative extension modules. TIA Technology was formed in 1997 and is based in Virum, Denmark.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Denmark	1 of 1
Year: 2018	1 of 1

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