MUNICH On 1st October 2014, the Dutch software development company Keylane | Quinity launched its business activities in Germany by founding its subsidiary Keylane Quinity GmbH, based in Munich. The company develops standard software solutions for providers in the property and accident insurance segments. The move to Munich is a further step in the Utrecht-based software development company's planned international expansion.
Keylane | Quinity chose Munich as the first location in its expansion strategy. “The German market for insurance solutions is one of the largest in Europe, making it a cornerstone of Keylane | Quinity's international growth strategy. We are delighted to begin business activities in Germany and deliberately chose Munich as our first location because the region is home to large numbers of both insurance customers and solution partners,” says Guido von Klitzing, CEO of Keylane Quinity GmbH.
“Keylane | Quinity brings together the hot topic of digitalisation with one of Munich's traditional strengths – that of an insurance location,” says Dr. Wolfgang Hübschle, Head of Invest in Bavaria, the Business Promotion Agency of the State of Bavaria. “Driving forward digitalisation in the Bavarian economy is a specific goal of ours, so I am delighted to welcome Keylane | Quinity to Munich. Invest in Bavaria wishes all the company's staff a successful start and hopes that they will do good business here!”
Keylane | Quinity sells the software Quinity Insurance Solution (QIS), a product for property and accident insurers. The web-based application enables process optimisation and the automation of transaction processing, and is already used by major customers such as AEGON, Allianz and ARAG. Keylane | Quinity has been active on the market for 14 years and currently has around 150 staff. Since mid-2014, Quinity has worked together with Actuera and LeanApps under the umbrella brand Keylane. Actuera and LeanApps are also Dutch market leaders with their software solutions and are an outstanding addition to the Quinity range. The fusion of the companies will aid their shared international expansion plans. All three companies are supported in implementing their internationalisation strategy by the independent private equity investment company Waterland.