Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Business Agility on its strategic sale to Endava.
Outstanding professionalism and conscientious tenacity by the whole team at Technology Holdings! TH’s strong relationships with global acquirers in the digital insurance space was very impressive and it secured several attractive offers from buyers globally. The TH team worked incredibly hard throughout the transaction as we navigated through some complex challenges. Thank you for all the support in concluding this perfect match between Endava and Business Agility - great job!
Business Agility is a specialist systems integrator with more than 25 years of experience in providing consulting, implementation and solution assurance services in the Property & Casualty, Life and London Market insurance sectors. Business Agility has worked on over 100 projects with some of the world’s leading insurers and enables cloud-first digital transformation.
Business Agility’s team of highly experienced consultants, who are all based in the UK, will bolster Endava’s capabilities in the insurance sector as part of its Banking, Financial Services and Insurance practice. A key focus will be on implementing cutting-edge software solutions such as Guidewire InsuranceSuite™.
Roy Murphy, CEO of Business Agility said: “We are delighted to be joining forces with Endava. Given the clear alignment of our respective mission, goals and culture, this is an exciting development for us to support many more clients in many more ways.”
“Endava has a strong position driving digital and cloud transformation in the insurance industry. As the sector progresses through a transformation wave away from legacy systems towards next-generation cloud-based solutions, the latest technologies, like Guidewire amongst others, offer attractive paths. This is more than just lift-and-shift migration. The combination of Business Agility’s modern insurance platform expertise, combined with Endava’s broader technology capabilities and scale, creates a compelling proposition which is well placed to capture these transformation opportunities.” said John Cotterell, Endava’s CEO.
Vivek Subramanyam, Founder and CEO of Technology Holdings said “Business Agility has built a strong foundation in the Guidewire ecosystem and we’re thrilled to have delivered their desired outcome and the perfect partner in Endava. This transaction underscores Technology Holdings’ expertise in the digital insurance platforms, insurance technology services and insurtech space, with the sale of Business Agility being our 12th transaction in the space. It is also our 25th transaction in the Banking, Financial Services and Insurance IT and Fintech ecosystem across banking, capital markets, insurance and wealth management.”