Conzylum has been acquired by EPAM Systems, Inc.
March 2024 — Conzylum has been sold to EPAM Systems, Inc. (EPAM).
Conzylum is a boutique insurtech software development company that specializes in leveraging AI and advanced technologies to provide cutting-edge solutions. The company provides a comprehensive range of services, including portfolio services, business process optimization, calculation, data management, risk management and cloud management. With a focus on software integration, Conzylum collaborates with insurance firms, acting as a partner in the development and implementation of risk profiles based on extensive data analysis. By harnessing large datasets and advanced algorithms, Conzylum enables insurers to make informed decisions, enhance their underwriting processes and effectively manage risks.
Headquartered in Newtown, Pennsylvania, EPAM is a US-based global provider of software engineering and IT consulting services. Its teams of technologists, strategists and designers deliver powerful digital experiences. The company specializes in 11 industries across 55 countries and regions, delivering innovative solutions to its customers’ most challenging problems.
Our role in the transaction
Oaklins’ team in Switzerland advised Conzylum’s owner and founder on the sell-side process.
Peter Meyer
Founder and CEO, Conzylum
Talk to the deal team
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more