TA Associates, a global growth private equity firm, has made a strategic growth investment in Adcubum AG, a Swiss health and property & casualty (P&C) insurance software provider, and tech11, an insurance software provider serving the P&C market in Germany and across Europe.
The investment will create a major software provider in the health and P&C markets in Europe, leveraging the momentum of both Adcubum and tech11. Financial terms of the transactions have not been disclosed.
