DGAP-News: Hypoport AG / Key word(s): Takeover Hypoport strengthens its market position by acquiring two software companies from the insurance industry 12.01.2017 / 07:37 The issuer is solely responsible for the content of this announcement.
Berlin-based technology-focused financial service provider Hypoport has acquired software firms Maklersoftware.com and Innosystems as part of a drive to digitise the value chain in the insurance industry. The deal is expected to close by mid-2017, with Hypoport, which was founded in 2009, becoming one of Europe's largest providers of IT solutions for life insurance. The value of premiums in the German insurance market is worth an estimated €200bn ($213bn).