Open GI completes TGSL acquisition
Open GI has today confirmed the completion of the acquisition of Transactor Global Solutions Ltd., (TGSL).
With the acquisition now complete, it will see employees at TGSL, across its UK offices and locations in Poland and Macedonia, join the Open GI Group.
TGSL was established in 2003 and offers one of the most advanced and innovative Policy Administration and Rating platforms in the UK General Insurance market. The acquisition is part of Open GI’s ongoing investment to provide its customers with cutting-edge, market leading solutions.
Commenting on the completion, Open GI’s Group CEO, Chris Guillaume said:
“Open GI continually strives to develop smarter solutions for Ratings, Policy Administration and digital eCommerce for our customers. The combination of Open GI with TGSL will give our customers a significant advantage as we present something truly new to the market.
“The General Insurance market is currently undergoing a period of transformational change driven by the use of new technologies.
“Our enlarged Group will comprise of nearly 600 people ensuring our market-leading level of investment in research and development continues.”
Notes to Editors:
Open GI is the leading technology partner to general insurance brokers in the UK and Irish markets. Its Core broking platform provides multi-line, multi-channel, multi-brand trading capability complemented by innovative ecommerce and mobile technologies. Open GI is part of the Open International Group alongside sister companies Open GI London and Open GI Ireland.
Transactor Global Solutions Ltd., (TGSL) is one of the top insurance software houses in the UK providing configurable insurance software to a range of insurance brokers, underwriting agencies, insurers and MGAs.
Transactor includes a range of front and back office software for any class of business and is unique in the level of flexibility it provides. Front-end applications interact with back office databases reducing business costs and increasing productivity. Transactor software uses Microsoft .Net architecture making it familiar and easy to use plus systems are readily scalable, supporting multiple branches, channels, brands, affinities, languages, and currencies.