IG&H acquires Dutch Oracle Health Insurance provider Truston

06 April 2023 Consultancy.eu 2 min. read

Consulting firm IG&H has acquired Truston, a provider of IT services to health insurers in the Netherlands. The deal lifts IG&H’s headcount to over 400 staff.

With over 250 staff in the Netherlands, IG&H is one of the country’s leading consulting and technology firms (the firm has 150+ colleagues in Portugal and Germany). IG&H serves clients in three verticals: retail, financial services and healthcare.

In both the retail and pension sectors, IG&H already has a range of solutions (including AllVida and Quantivate) and a managed services offering for solutions. The bolt-on of Truston now adds similar capabilities to its Technology practice geared at the healthcare insurance segment.

IG&H acquires Dutch Oracle Health Insurance provider Truston

Founded in 1994, Truston (55 employees) specialises in the implementation, management and ongoing support of Oracle Health Insurance, one of the most used core systems by health insurance companies. In the Netherlands, Oracle Health Insurance has a market share of over 50%.

“The addition of Truston not only help us secure specialists in Oracle Health Insurance implementation work, but also extends our offerings to healthcare insurers with managed services, enabling us to provide a more complete offering to our clients in the industry,” said Joost van de Meent, CEO of IG&H.

The deal is the first for IG&H since the 2022 arrival of investor IK Partners. Together, the two companies have charted a path of further growth, both in the Netherlands and across Europe. Investing in digital transformation and technology offerings is a key pillar of the growth strategy, alongside entry into new markets and expansion of areas of expertise.

In 2019, IG&H closed two deals: the acquisitions of Noesis in Portugal and GroupLife in the Netherlands.

“We are looking forward to joining IG&H as it provides a great opportunity to further expand the range of services for health insurers as well as to other sectors and markets,” commented Johan van Veldhuisen, Managing Director of Truston.

Financial terms of conditions of the deal have not been disclosed.