August 31, 2017 - Toronto, ON
TORONTO, ON, AUGUST 31, 2017 -- Volaris Group Inc. (“Volaris”) today announced that it has acquired BBT Software AG (“BBT”) – a provider of Health, Accident and Life Insurance Administration software based in Switzerland. This is Volaris’ fifth acquisition in the Financial Services vertical.
BBT delivers solutions to address the core business activities of health and accident insurers and claims management companies. BBT has been providing solutions to the Swiss insurance market for over 20 years. Over 40 insurance companies use BBT products and more than 14,000 insured companies use the claims notification platform in their daily operations. Key customers include elipsLife, Gemeinsame Einrichtung, Sodalis Gesundheitsgruppe, Sumiswalder, CSS and Suva.
“Over the past two decades we have delivered mission-critical products and developed a great brand in the Swiss Insurance market,” said Christoph Ammann, CEO of BBT. “Now, as part of Volaris, we look forward to building upon what we have already accomplished and further strengthening our offering to our customers moving forward.”
“We aim to preserve the entrepreneurial spirit of BBT. It is that spirit that inspired the team to build a best-in-class company with a solid reputation,” said Mike Dufton, Portfolio Leader & President, Financial Services at Volaris Group. “BBT is a welcome addition to our Financial Services portfolio of companies.”
In keeping with Volaris’ philosophy of acquire, strengthen and grow, BBT maintains its brand and independence with support, coaching and best practices from Volaris. Christoph Ammann leads the business as CEO, along with the existing management team. BBT joins Primoris, Silvervine, Travisoft and Wellington IT in Volaris’ Financial Services vertical.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an operating group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
For more information, please contact:
Kim Emmerson, CMO
Tel: +1 905 629 5297