DGAP-News

Hypoport strengthens its market position by acquiring two software companies from the insurance industry

DGAP-News: Hypoport AG / Key word(s): Takeover
Hypoport strengthens its market position by acquiring two software companies
from the insurance industry

12.01.2017 / 07:37
The issuer is solely responsible for the content of this announcement.

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Press release

Acquisitions

Hypoport strengthens its market position by acquiring two software
companies from the insurance industry

Berlin, 12 January 2017: Hypoport AG acquired all of the shares in
Maklersoftware.com GmbH and Innosystems GmbH on 10 January 2017. By
acquiring these two software companies, Hypoport AG is significantly
bolstering its competitive position in the insurtech market. In addition to
the efficient administration of insurance portfolios, the Hypoport Group
can now offer market participants proven advisory software and a
comprehensive price comparison tool for insurance products. Hypoport is
thus forging ahead with its strategy of providing integrated solutions for
insurance brokers and helping to digitalise the entire value chain.

Digitalisation represents a huge challenge for Germany's insurance market.
Until now, collaboration between market participants in the insurance
industry has mainly been based on a mishmash of outdated and incompatible
technologies. At the same time, margins in insurance sales are being
squeezed more and more. There are currently no companies offering end-to-
end solutions that are fit for the future.

A combination of IT skills, insurance expertise and financial strength is
needed if the integrated digitalisation of insurance sales is to be
advanced. Many small companies offer excellent solutions for individual
aspects but are unable to expand them into end-to-end solutions by
themselves. In June 2016, Hypoport acquired NKK AG, a leading provider of
software for the administration of broker portfolios. By acquiring
Maklersoftware.com, the Hypoport Group is gaining a solution to support the
provision of non-captive customer advice. Innosystems GmbH is contributing
systems for comparing insurance products. Hypoport is bringing its
insurtech subsidiaries together under one roof, thereby creating an
integrated range of products for digitalised processes in insurance sales.
Integrating the new subsidiaries opens up enormous potential synergies for
all partners thanks to the collaboration and broader market access.

"Hypoport is helping to digitalise the financial services markets. With our
EUROPACE B2B marketplace, we are the market leader in Germany for loan