Solucom takes over Eveho and strengthens its position in management consulting in the insurance sector

  • April 10, 2012Regulated information

Solucom is continuing its development in management consulting and is announcing the acquisition of the consulting firm Eveho.

Eveho, a specialist in the transformation of insurance companies

Eveho is a firm offering consulting services in organisation and management, specialising in the insurance sector and comprising Eveho Conseil (consulting) and two subsidiaries, Eveho Actuariat (actuarial) and Eveho Services.

Its role is to assist the players in this sector in scoping and implementing their transformation projects. Eveho's multidisciplinary teams combine insurance expertise with skills in organisation, management and information systems.

Eveho also carries out assignments for insurance companies, bancassurance companies, mutual insurers and social protection groups covering all their businesses – insurance, loss, health, life, pensions and provident cover.

Founded in 2005 and comprising more than 30 staff, Eveho achieved sales revenues of over €3.5m in 2011.

Solucom acquires a first-rank position with principals in the insurance business

Under the terms of this deal, Solucom has acquired 100% of the capital of Eveho Conseil and of its two subsidiaries. The transaction was entirely financed in cash.

Eveho will be consolidated as of 1 April 2012 in Solucom's financial statements, which means the entire 2012/13 financial year.

"This acquisition expresses Eveho's intent to develop its brand and to become an indispensable partner for its clients for assignments with the greatest stakes, and for their large-scale projects. We are convinced that Solucom's know-how in the management of large transformation projects will allow us to fulfil this ambition" explains Stéphane Arbus, founding partner of Eveho.

"This acquisition, in line with our Solucom 2015 strategic plan, reinforces the development initiated with the Alturia Consulting acquisition announced last week," states Pascal Imbert, CEO of Solucom. "Eveho advances our position with the principals in the insurance world, with the ambition of playing a first-rank role in the reorganisations in this sector."

Upcoming date: turnover for the 2011/12 financial year on 9 May 2012 (after close of trading).

About Solucom

Solucom is a management and IT consulting firm.

Solucom's customers are among the top 200 large companies and public bodies. For them, Solucom is capable of mobilizing and combining the skills of nearly 1,000 staff members.

Our mission statement? To place innovation at the heart of business lines, target and steer transformations that are sources of added value, and turn the information system into an actual asset designed to serve corporate strategies.

Solucom is listed on NYSE Euronext Paris.

Solucom has been granted the innovative company award from OSEO Innovation. Solucom is based in Lyon, Nantes, Marseille and Paris.

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