Coface Expands Business Information Services with Novertur Deal
Coface's Strategic Acquisition of Novertur International
Coface has recently made a remarkable move by finalizing the agreement to acquire 100% of Novertur International SA, a company renowned for its innovative data management solutions in Switzerland. This acquisition marks a significant enhancement in Coface's Business Information services, aiming to provide unparalleled access and insights for businesses operating in the region.
What Novertur Brings to the Table
Based in Lausanne, Novertur International SA is a Swiss startup that has excelled in creating a digital platform that manages extensive data on Swiss companies. Since its inception in 2016, the platform has evolved into an essential resource for both small and large enterprises, aiding them in risk management and facilitating business-to-business prospecting. It boasts up-to-date information on over 730,000 active businesses in Switzerland, making it an invaluable asset for users.
The Synergy of Technology and Expertise
The technological innovations developed by Novertur, especially in data structuring and user experience, paired with Coface's vast expertise in credit risk management, are set to create a powerful synergy. Together, they will significantly enrich Coface's Business Information offerings, making access to critical data not only quicker but also more reliable.
Benefits for Stakeholders
This acquisition supports Coface's strategic plan known as Power the Core. The initiative is designed to augment high-value services while solidifying the company’s presence in local markets. By integrating Novertur's capabilities into its existing framework, Coface enhances its overall service delivery, thus positioning itself as a robust partner for its clients.
Executive Insights
Florent Schlaeppi, the CEO and Founder of business-monitor.ch, expressed excitement about the acquisition, stating, "From day one, we designed business-monitor.ch to be intuitive and fast. Joining Coface is not just a partnership; it's an opportunity to scale our mission of serving businesses on a much larger platform." This sentiment reflects a shared vision between the two companies, focusing on improving service offerings and technological efficacy.
Coface's Commitment to the Market
Christian Moins, Country Manager of Coface Switzerland, reiterated the significance of welcoming the Business Monitor team into the Coface family. He remarked, "The acquisition demonstrates Coface's ambition to bolster its position in the Business Information sector, making our offerings even more appealing to clients in Switzerland." Such commitment underscores Coface's goal to be at the forefront of providing top-notch business insights.
Looking Forward
The completion of this acquisition remains contingent upon standard closing conditions, marking a new chapter for both Coface and Novertur. The merger will not only empower Coface in Switzerland but also reflect its ongoing dedication to enhancing its product offerings and technological advancements.
Frequently Asked Questions
What is the essence of Coface's acquisition of Novertur International?
The acquisition aims to enhance Coface's Business Information services by integrating Novertur's innovative data management technologies.
Which services does Novertur International SA provide?
Novertur specializes in managing data on Swiss companies, offering real-time information essential for effective risk management and B2B prospecting.
How will the acquisition benefit Coface clients?
Clients will gain more reliable and faster access to essential business data, aligning with Coface's goal of delivering high value-added services.
What are the strategic plans behind the acquisition?
Coface aims to solidify its local presence and enhance its service offerings through its Power the Core initiative, benefiting from the ecosystem created with Novertur.
When will the acquisition be finalized?
The completion of the acquisition is pending standard closing conditions but is expected to enhance Coface's service landscape shortly.
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