Inflexion, a leading European mid-market private equity firm, is pleased to announce it has agreed to sell its investment in ITM, a data services and technology specialist for the pensions market, to Lumera, a leading Sweden-based, private equity-backed insurtech company dedicated to the digital transformation of the European life and pensions industry.

ITM’s partnership with Inflexion saw it strengthen its offering in the life & pensions market, providing proprietary software and technology-enabled services including data audit, management, administration and migration to its blue-chip client base. In response to a changing regulatory market, Inflexion supported ITM to complete three acquisitions and launch new services and software products.  Inflexion’s local expert supported the business to expand its back office operations into India.

We would like to thank the whole team at ITM for their energy and commitment during our successful partnership together. ITM benefits from a strong foundation for future growth and we wish the team all the best with Lumera.

Malcolm Coffin, Partner and Head of Enterprise Fund, Inflexion 

We are a stronger and more agile organisation after our work with Inflexion, with their value acceleration and international teams a real support. We now look forward to working with Lumera, which provides an excellent match with our organisation strategically and culturally, as well as with our technology and services portfolios.

Mark Lecompte, Chief Executive, ITM