News  |  Deal Releases

Prophit Share sold to The Innovation Group

Read on

Deal Release:

Prophit Share sold to The Innovation Group

25 Nov 2006

Prophit Share – ICON advises software company Prophit Share on its sale to The Innovation Group Plc

Prophit Share delivers analytical software and services. Its CLeaR software helps insurance companies to spot and remove claims leakage problems and also helps improve the effectiveness of both the internal management system and the entire supply chain servicing the business. The company helps its customers by streamlining processes and reducing costs through technology.

Prophit Share clients include Marks and Spencer Financial Services, Standard Life, Stroud & Swindon Building Society, Vodafone Retail and Zurich Financial Services.

The acquisition by The Innovation Group Plc further strengthens their insurance offering.

The Deal: