Insurance media technology provider Slipcase has acquired the client base of UK competitor youTalk-insurance, which will cease to operate at the end of August.
Founder and chief executive Alex Hearn said the transaction, financial terms of which were not disclosed, was “a natural next step for Slipcase” following a decade of development in the UK.
“While our recent focus has been on international growth, seeing our audience more than triple in the past three years, the UK has always been a priority audience for our platform, and this takeover of youTalk-insurance’s assets represents just that,” Hearn declared.
Meanwhile, Paul Handleigh, managing director at youTalk-insurance, had this to say about the deal: “We’re delighted that youTalk-insurance has been acquired. This represents the successful conclusion of a 14-year journey which has seen youTalk-insurance build a strong base in the UK.
“The Slipcase team is first-class, and in recent years the significant investment they have made in developing their own proprietary technology to become market-leading made our decision to sell to them an easy one to make.”
Handleigh commented further: “We are excited that our clients and users will be able to benefit from the suite of advanced analytics and technology Slipcase has built. When added to their considerable global distribution, they will enjoy a preeminent position in terms of reaching insurance, reinsurance, and risk professionals.”
Founded in 2010 by Handleigh and his wife, Natalie, youTalk-insurance aimed to provide insurance and risk management professionals with a free resource as an industry content distributor. Slipcase, meanwhile, serves more than 50,000 weekly email subscribers and over 213,000 platform users.
Earlier this year, Slipcase appointed Raphael Zindi as chief commercial officer.
“We are at the forefront of delivering an innovative service to the global (re)insurance industry, and I look forward to contributing to Slipcase’s ongoing growth and success,” Zindi said at the time.
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