The shareholders of NAFI Group, a software developer, have completed the sale of the company to Acturis Group, a leading software service provider, for an undisclosed consideration.
NAFI Group is a software developer active in the motor vehicle insurance market. Established in 1991, NAFI first concentrated on the development of software for the calculation and the comparison of insurance tariffs. Today the company covers the entire process, from data collection, calculation and rate comparison, to electronic contract conclusion for motor insurance policies.
Acturis is a leading, award winning software as a service provider to the insurance industry and has grown revenues at more than 25% per year over the last seven years. The Acturis System is an administration, distribution and underwriting platform used by insurance brokers and underwriters and now has more than 11,700 users across over 400 UK sites. Acturis operates in the general insurance market, supporting both personal and commercial lines. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards in 2006, 2007, 2009 and 2010, and the British Insurance Technology Award in 2011.
Oaklins' team in Germany advised the shareholders of NAFI Group. In a structured international sales process, the British Acturis Group was selected out of over 100 companies and the transaction was successfully closed. Oaklins Smith & Williamson, based in the UK, was also involved in closing this transaction.
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