European mid-market private equity firm Inflexion is to sell its investment in ITM, a data services and technology provider for the pensions market, to Lumera, a Sweden-based, private equity-backed insuretech company.
According to a press statement, Inflexion supported ITM to complete three acquisitions and launch new services and software products, while the firm’s local expert supported the expansion of ITM’s back office operations into India.
ITM offers proprietary software and technology-enabled services including data audit, management, administration and migration to the life & pensions market.
