SSP is pleased to announce that regulatory approval for its acquisition by The Volaris Group has now been granted by the FCA. This follows the announcement in December that SSP was to be acquired by Volaris Group, part of Constellation Software Inc. subject to mutually agreed closing conditions.
SSP will maintain its independence, but will now have the support, coaching and best practices from The Volaris Group, experts in acquiring, strengthening and growing vertical market technology companies.
Stephen Lathrope, CEO of SSP said “The SSP team is really excited to be joining the Constellation / Volaris group. We’re passionate about our vision to be the leading provider of insurance technology to the market sectors that we serve, and becoming part of a highly successful and continually growing technology group will bring huge benefits to our customers and our team – for the long term.”
Michael Dufton, Portfolio Leader at Volaris, said, “We have followed SSP’s progress over the years and found SSP’s solution suite and team impressive. The company showed a keen drive to innovate and help shape the insurance software space. We are excited to welcome SSP to the Volaris family and support their long-term growth by providing our best practices and industry experience. The acquisition supports our goal to expand Volaris’ presence in the insurance technology industry and enables us to offer insurance technology solutions to property & casualty insurers on a global basis.”