12.01.2017
Hypoport AG DE0005493365
DGAP-News: Hypoport strengthens its market position by acquiring two software companies from the insurance industry
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.
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Press release
Acquisitions
Hypoport strengthens its market position by acquiring two software
companies from the insurance industry
Berlin, 12 January 2017: Hypoport AG acquired all of the shares in
Maklersoftware.com GmbH and Innosystems GmbH on 10 January 2017. By
acquiring these two software companies, Hypoport AG is significantly
bolstering its competitive position in the insurtech market. In addition to
the efficient administration of insurance portfolios, the Hypoport Group
can now offer market participants proven advisory software and a
comprehensive price comparison tool for insurance products. Hypoport is
thus forging ahead with its strategy of providing integrated solutions for
insurance brokers and helping to digitalise the entire value chain.
Digitalisation represents a huge challenge for Germany's insurance market.
Until now, collaboration between market participants in the insurance
industry has mainly been based on a mishmash of outdated and incompatible
technologies. At the same time, margins in insurance sales are being
squeezed more and more. There are currently no companies offering end-to-
end solutions that are fit for the future.
A combination of IT skills, insurance expertise and financial strength is
needed if the integrated digitalisation of insurance sales is to be
advanced. Many small companies offer excellent solutions for individual
aspects but are unable to expand them into end-to-end solutions by
themselves. In June 2016, Hypoport acquired NKK AG, a leading provider of
software for the administration of broker portfolios. By acquiring
Maklersoftware.com, the Hypoport Group is gaining a solution to support the
provision of non-captive customer advice. Innosystems GmbH is contributing
systems for comparing insurance products. Hypoport is bringing its
insurtech subsidiaries together under one roof, thereby creating an
integrated range of products for digitalised processes in insurance sales.
Integrating the new subsidiaries opens up enormous potential synergies for
all partners thanks to the collaboration and broader market access.
"Hypoport is helping to digitalise the financial services markets. With our
EUROPACE B2B marketplace, we are the market leader in Germany for loan
brokerage and are striving to achieve this position in the insurance market
too," says Ronald Slabke, Chief Executive Officer of Hypoport AG. Stephan
Gawarecki, member of the Management Board responsible for establishing the
insurtech activities, adds: "The volume of premiums in the German insurance
market amounts to EUR200 billion per year. We believe the digital
revolution in this market offers huge potential and we are continuing
steadfastly with our strategy of acquisitions aimed at strengthening our
market position."
Information on Hypoport AG
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech').
As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates
the web-based EUROPACE financial marketplace, which is Germany's largest
platform for mortgages, building finance products and personal loans. A
fully integrated system links more than 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online
distributor of financial products. This firm's specialists provide private
clients with a full range of advisory services around mortgage finance,
insurance and retirement planning. Dr. Klein & Co. AG has been a major
financial service partner to housing companies and commercial property
investors since 1954. Hypoport AG is headquartered in Berlin, employs about
750 people and is listed in the Prime Standard of the Frankfurt Stock
Exchange. At the end of 2015 Hypoport was admitted to the SDAX.
Contact
Michaela Reimann
Head of Investor Relations & Public Affairs
Tel: +49 (0)30 42086 1936
Email: [email protected]
www.hypoport.com
Hypoport AG
Klosterstraße 71
D-10179 Berlin
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12.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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535721 12.01.2017
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