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Lutech Group acquires Infoedge and strengthens its Finance & Insurance offering
The Italian company’s offering is focused in the areas of Business Analytics, Data Management and Enterprise Application, primarily for the insurance sector.
Lutech Group, Italian leader in the IT sector, announces the acquisition of Infoedge, an Italian company which has been creating and implementing IT products for the Finance & Insurance sector since 2010.
Infoedge’s offering is focused in the areas of Business Analytics, Data Management and Enterprise Application, primarily for the insurance sector. In the world of Insurance, in particular, Infoedge plays a clear leadership role in the Italian market as partner of eight of the top ten Italian insurance companies.
Following the introduction of European regulations which facilitate the sharing and exploitation of data and information – always with full respect for compliance requirements – companies in the Finance & Insurance sector have the opportunity to modernize their application assets in order to obtain the best from the information in their possession.
Ever since it was founded, Infoedge has considered data analysis to be a core pillar in its offering, integrating and customizing sector-leading application solutions. For this reason, its acquisition by Lutech Group is particularly strategic for the creation of a new range of offerings in the field of digital evolution projects dedicated to the insurance sector.
“The acquisition of Infoedge, a key digital transformation player in the insurance sector falls within the growth plan put in place by Lutech Group following the arrival of Apax Partners,” confirms Tullio Pirovano, CEO of Lutech Group. “At this particular period in time, moreover, the finance & insurance industry is experiencing a profound need for innovation based on a data-driven approach: Infoedge’s expertise and references will support Lutech Group in constructing better digital evolution pathways in the sector.”
The details of the acquisition agreement specify that Infoedge’s young and highly qualified team – made up of around 150 IT professionals and consultants – will continue to service the reference market throughout Italy from the offices in Milan, Rome and Turin, while founder Arcangelo Dellino will continue at the helm of the company.
“This operation represents a new challenge which will drive us not to accept limits and keep aiming higher and higher,” declared Arcangelo Dellino, CEO of Infoedge. “We feel that joining Lutech Group can only facilitate this common growth process in terms of professionalism, talent and innovation. We are therefore ready to take on the new goals with the enthusiasm and dynamism which we have always shown, making all the skills and expertise we have developed available to the market.”
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