Business Edge has welcomed the news that one of its major business partners, Koukia, is to be bought by SSP plc and confirms that the Business Edge partnership will remain in place once the acquisition is concluded.
Banking and insurance systems specialist, Business Edge, has acted as Koukia's distribution and implementation partner in the Southern African region since 2004. Over this period, Business Edge has built strong capability in the Koukia solution and has taken it successfully into the South Africa market.
"With Koukia & Business Edge, SSP is able to extend its offering to insurers in South Africa looking to replace costly legacy technology. We are pleased to be able to continue this arrangement with Business Edge under SSP's ownership," says Andy Watts, director of the SSP Insurer Division.
Koukia has developed a comprehensive and unique General Insurance system that has attracted significant customer interest globally. Its previous owner, Wesfarmers Insurance Division, recently entered into a binding agreement to sell the company to SSP.
Says Wesfarmers Insurance Division managing director, Rob Scott: "SSP is a more natural owner of Koukia and is best placed in terms of its experience, expertise and customer base to take the business to the next stage of its development."
SSP is a global provider of IT solutions to the insurance and financial services industries with customers in more than 50 countries. SSP and Koukia have a history of working together since late 2006 when SSP was appointed European distributor for Koukia.
Says Rob Stansell, Managing Director at Business Edge: "SSP is a strong company with an excellent reputation in the global insurance software market, and an ideal new owner for Koukia. We look forward to working closely with SSP to help them grow the Koukia business in Southern Africa in the years to come and expect to see the Koukia product and business grow from strength to strength under SSP's ownership."
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Business Edge is a specialist supplier of business systems and services to the financial services industry in Africa; specifically to the banking and insurance sectors.
Profound industry knowledge, leading software products, best practices and excellent service delivery enables Business Edge to unleash the capability in its clients' organisations by enhancing their business processes and systems. The solutions Business Edge provides align and integrate people, processes and technology to help banks and insurers improve the performance of their businesses.
Established in 1990, its ability to deliver world-class, business-critical systems on time and within budget has yielded an impressive local and regional client base that includes Absa, American Express, Anglo Platinum, Anglo American, Discovery, Europ Assistance, First National Bank, Hollard, Investec, Liberty Life, MIBFA, Mutual & Federal, Platinum Health and Standard Bank.
Business Edge is situated in Morningside, Sandton. More information on Business Edge is available at www.businessedge.co.za.
SSP
International expert - offices in all the key commercial continents with over 40 000 insurance and financial services professionals in over 50 countries using SSP.
Agile - SSP offers brokers, insurers and financial advisers of all sizes the benefits and security of a global business with the flexibility of a local provider.
Broadest spectrum of knowledge, talent and technology - With 23 years' experience of insurance and financial services and 750+ of the most talented IT professionals, SSP is placed perfectly to offer the widest choice of solutions across multiple IT platforms from IBM, Microsoft or Oracle.
Long-term business advantage - SSP works closely with its clients to build long-lasting relationships. Many of our customers have been with us for over 15 years and almost 60% of sites have been users of SSP systems for more than eight years.
Complete solutions - At SSP we offer more than just our products. We have a proven track record and a commitment to delivery, giving our customers peace-of-mind. 20 of the top 50 global insurers, 30 of the top 50 UK brokers and four of the top 10 UK financial advisers trust us to look after their businesses.
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