adesso takes over Collogia Trianova GmbH and updates in|sure with a module for company pensions and working time accounts

Latest news about adesso AG

Dortmund, 03.09.2018

03.09.2018 / 09:35
The issuer is solely responsible for the content of this announcement.

adesso insurance solutions GmbH has taken over the full business operations of Cologne-based Collogia Trianova GmbH with effect from 31 August 2018. Collogia Trianova has more than 30 employees. In doing so, adesso is expanding its own range of products and services in the field of company pensions and working time accounts, and is acquiring the CollPhir® software solution, which has already had years of success on the market. CollPhir® will be integrated into adesso's in|sure product family as part of the business merger, which means that the standard software solution for the insurance industry will be expanded to include the additional functions. The former CEO of Collogia Trianova, Dr Michael Höhnerbach, will be a new addition to the management of adesso insurance solutions and will continue to develop services in the field of company pensions, working time accounts and actuarial consulting. A lower seven-figure valuation was agreed upon based on defined conditions.

Collogia Trianova has been operating in the field of pension management since 1995 and is one of Germany's leading solution providers in the area of company pensions. Integrating solutions like this has become increasingly important, especially in the life insurance segment. As a result of the merger, adesso insurance solutions will benefit directly from tried and tested software, expertise and additional customer relationships, which will allow it attain a strong positioning in the future field of company pensions. The software solution that adesso insurance solutions GmbH has also acquired is used by a number of renowned customers such as Deka Bank, LBBW and Deutsche Post. Together with adesso insurance solutions and the adesso Group, the former Collogia Trianova will be able to realise much bigger projects and target additional customers. The now broader developer base will be used to adapt the solution to meet new market requirements and expand the range of services. The integration will also take place spatially, which means that employees will soon be working with their colleagues at adesso's Cologne location.

adesso insurance solutions GmbH
adesso insurance solutions GmbH houses the adesso Group's own product portfolio for the insurance market and develops software and services for handling technical business processes on behalf of customers. The company offers compatible standard software products for inventory and claims management, to include all insurance segments, on the in|sure platform and is responsible for their integration into customers' application landscapes. Apart from the core applications for private health, composite and life insurers, the portfolio offers supporting systems like a partner management application (in|sure Partner) or a product modeling application (in|sure Product Manager). In addition, adesso insurance solutions offers a system for software-supported migration of legacy systems (MIGSuite), which can also be used outside of the insurance market.

adesso Group
With over 2,900 employees and annual sales of EUR 321.6 million in 2017, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, Austria, Switzerland, Turkey, Spain, Bulgaria, USA and the UK as well as at numerous customer sites, adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product-portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. 2016 and 2018, adesso was awarded as the best employer in the german IT-sector.

Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000

03.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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