Waterland acquires Quinity

The Dutch firm is investing in the company to fund its international growth plans. Quinity does not yet have a substantial presence in international markets; currently it serves customers located in the Netherlands, Belgium, France, Germany and Switzerland.

According to Quinity, the company will cooperate with Waterland portfolio company Actuera – a Dutch provider of software for insurance firms, pension funds and pension scheme administrators – to spur greater international growth.

In conjunction with the buyout, Quinity project manager Patrick van Driel is leaving the firm. The company will continue to be run by CEO Ralf Timmer and CTO Jan van Reenen. Senior designer Robert Guitink will remain involved in the development of the company's Quinity Insurance Solution (QIS) product for the time being, according to Quinity.

Company
Founded in 2000 and headquartered in Utrecht, Quinity has developed a web-based policy and claims administration software system for insurers.

The company's QIS software supports the front-, mid- and back-office processes of a policy and claim file during its lifetime in one integrated system.

Customers include ABN Amro, Rabo Bank and Allianz. The company employs 150 staff and generates turnover of around €10m.

People
Ralf Timmer is the CEO of Quinity. Rob Thielen is the chairman of Waterland.

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• Waterland Private Equity