Consulting agency IG&H has acquired Truston, a supplier of IT companies to well being insurers within the Netherlands. The deal lifts IG&H’s headcount to over 400 employees.
With over 250 employees within the Netherlands, IG&H is without doubt one of the nation’s main consulting and expertise corporations (the agency has 150+ colleagues in Portugal and Germany). IG&H serves purchasers in three verticals: retail, monetary companies and healthcare.
In each the retail and pension sectors, IG&H already has a spread of options (together with AllVida and Quantivate) and a managed companies providing for options. The bolt-on of Truston now provides comparable capabilities to its Expertise apply geared on the healthcare insurance coverage section.
Based in 1994, Truston (55 workers) specialises within the implementation, administration and ongoing assist of Oracle Well being Insurance coverage, one of the vital used core methods by medical insurance corporations. Within the Netherlands, Oracle Well being Insurance coverage has a market share of over 50%.
“The addition of Truston not solely assist us safe specialists in Oracle Well being Insurance coverage implementation work, but in addition extends our choices to healthcare insurers with managed companies, enabling us to supply a extra full providing to our purchasers within the business,” stated Joost van de Meent, CEO of IG&H.
The deal is the primary for IG&H because the 2022 arrival of investor IK Companions. Collectively, the 2 corporations have charted a path of additional development, each within the Netherlands and throughout Europe. Investing in digital transformation and expertise choices is a key pillar of the expansion technique, alongside entry into new markets and enlargement of areas of experience.
In 2019, IG&H closed two offers: the acquisitions of Noesis in Portugal and GroupLife within the Netherlands.
“We’re trying ahead to becoming a member of IG&H because it gives an incredible alternative to additional broaden the vary of companies for well being insurers in addition to to different sectors and markets,” commented Johan van Veldhuisen, Managing Director of Truston.
Monetary phrases of situations of the deal haven’t been disclosed.