Prima Solutions, a leading software platform for Property and Casualty insurers, backed by The Carlyle Group, acquired ICOD, a Canadian provider of software solutions for Life and Health insurance.

ICOD offers a best-in-class solution deliverable in SaaS or on-premise.

This acquisition will allow Prima Solutions to extend its solution offering to the individual and Group Life & Health sector.

It offers many synergies including complementing Prima’s existing product offering, diversifying its customer base and expanding the platform for rapid growth in both Europe and North America.

Icod tombstone

About Prima Solutions

Prima Solutions delivers a modular full-suite software platform to Property and Casualty insurers in need to gain in agility and process improvements in a time of rapid change in the industry. Full web, modular and available in SaaS mode, Prima Insure™ addresses the whole life cycle of an insurance policy: distribution, underwriting, contract, claims and financial management. More than 20 Property and Casualty insurers, including Allianz, AXA, Société Générale Insurance, PSA Insurance, CoverLife, Galian, Groupama, Hiscox, Mutuelle des Motards ou Gras Savoye Willis, have already selected Prima Insure™.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

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Thibaut De Smedt

Investment Banking

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Jonathan Bohbot

Investment Banking I Software and Tech-Enabled Services

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Pierre Lafitte

Investment Banking

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Deal Team

Should you want to know more about this transaction, you can contact one of the team members above

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