RGI to acquire french software vendor KAPIA
A great step ahead for the expansion in a highly attractive market
RGI, the EMEA leader in the provision of software products and technological services specifically for the insurance sector, is set to strengthen its position in the IT Insurance French market, and agreed to acquire the 100% of Kapia, a French Software Vendor leader in Life, Pension & Wealth Management.
Kapia, a Paris based company with subsidiaries in Lille and Luxemburg, has a vast know-how on Life business line and has been working side by side with the most important French insurers.
“Thanks to the acquisition of a dynamic Company such as Kapia, we are now structuring a powerful player in EMEA market with a strong expertise in the Life business line”, stated Vito Rocca, Group CEO of RGI, “With our localized platform we thrive to be the reference player for EMEA and the acquisition of Kapia is another milestone of our Life investment strategy, that in the first half 2016 has already reaped significant successes in the Life industry.”
With the acquisition of Kapia, RGI takes over a well-known IT brand and pushes forward its expansion in France. This acquisition is a milestone for RGI, a leading company on the European IT Insurance sector, and is expected to consolidate its stronghold on the Life business line, while increasing the already well rewarded brand awareness throughout Europe. Founded in 2006, Kapia will keep its brand and will remain the dynamic and flexible company the market has already appreciated. The management will hold its position so to guarantee the agility and rapidity in the day-to-day business that has always distinguished its brand.
“We are proud to become part of RGI, a leading vendor in the IT Insurance sector, and I strongly believe that the market will react very positively to this new relationship. Everyone involved in this operation will benefit from the joint expertise and new opportunities are ahead of us. We can’t wait for our future with RGI to begin”, said Christophe Quesne, President of Kapia.
Marcello Priori, Chairman of RGI Group, declared: “It’s a real pleasure to announce this acquisition as it represents an important step for RGI, consolidating the expansion in the EMEA region in line with the strategic investments and enhancing the contribution that our group can express at an international level in terms of innovation”.