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Case Study:

Acturis

“With Summit’s help, we executed our first international acquisition in only 30 days, start to finish. The Summit team was outstanding – they jumped in to help on detailed work around legals and structuring, and were available day and night. We could not have delivered the deal without their help.”

David McDonald, Co-CEO

Location:
London, UK
Leadership:

David McDonald

Theo Duchen
Founded in:
2000
invested in:
2010
Status:

Current
Summit Team:
Scott Collins Han Sikkens
Case Study:

Acturis

Award-winning SaaS-based technology provider innovating the insurance industry

Grew user base to more than 12,000 – a 70%+ increase since Summit's investment

Added 200+ employees in under 5 years

Significantly increased international sales

Theo Duchen and David McDonald founded Acturis with the goal of driving inefficiencies out of the insurance sector by focusing on technology and process innovation. Leveraging their backgrounds in the insurance and ecommerce practices at McKinsey, the founders successfully bootstrapped Acturis to become the leading SaaS-based insurance technology provider in Europe. The founders sought an experienced partner to help internationalize the business.

How Summit helped:

  • Led a minority investment for growth and shareholder liquidity
  • Assisted with the development of world-class financial and KPI reporting
  • Helped develop and execute international expansion strategy
  • Identified, evaluated and developed more than 20 acquisition and partnership opportunities outside the core UK market
  • Worked closely with management to complete the acquisition of Nordic Insurance Software—the company’s first international acquisition—assisting with negotiations, diligence, legal work and structuring

Today, Acturis continues on its strong growth trajectory, entering international markets through organic growth and acquisition, and has been recognized throughout the industry both for its rapid growth and for its innovative solutions. The company was named to the UK’s Future Fifty list in 2013, won the Queen’s Award for Enterprise in 2012 and has been recognized multiple times as Service Provider of the Year by Insurance Times.