Advised Acturis, a provider of insurance software solutions, on its growth equity investment by Summit Partners
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Acturis Ltd on a growth equity investment by Summit Partners Limited. The financial terms of the transaction were not disclosed. The investment positions Acturis for the next phase of its international expansion, on the back of 45% year-on-year growth over the last 3 years.
Founded in 2000 and headquartered in London, Acturis (www.acturis.com) provides technology solutions to general insurance brokers, underwriters and affinity networks in the UK and internationally. Acturis’s administration, underwriting and trading platform is used by more than 7,000 users across 300 sites processing in excess of £2 billion of Gross Written Premium annually.
Delivered on a software as a service (SaaS) model, Acturis’s flexible and scalable platform can be easily integrated with third-party components delivering an efficient solution that unlocks substantial cost savings and creates revenue-enhancing strategies for its customers.
The injection of growth equity by Summit Partners represents an important milestone in Acturis’s development. A combination of the company’s track record of delivering best-in-class technology and services to its customers and Summit’s experience in financial technology and software investments will help Acturis continue its growth trajectory and strengthen the business across Europe and globally.