Founded in 1996, BBT Software is a Swiss-based provider of health, accident, and life insurance administration software. The company was acquired by Vencora 2017.
BBT Software is a Swiss-based provider of health, accident, and life insurance administration software. BBT’s core competence is delivering complex, state-of-the-art software for the core business activities of health and accident insurers, and claims management systems for companies. In addition, the company’s portfolio includes other products for the healthcare sector. BBT currently has over 40 satisfied customers, and its products are used by over 14,000 companies.
BBT was founded in 1996. By 2000, the company had 30 customers for its products. In 2004, BBT adopted the .NET platform. Over the next several years, the company developed several product lines and solutions, including BBTCase and BBTClaims (2007), BBTIndividual (2008), SunetPlus (2009), BBTEnterprise (2011), BBTLife (2013), and BBTHosting (2014).
Overall I’m very happy with the acquisition. I expect our management will learn a lot from the professional approach to doing business at Vencora. Long term, I know BBT is in safe hands, and I feel good about that.
— Dr. Hermann Biner, Delegate of the Board, Founder of BBT Software
The Decision to Sell
BBT was initially contacted by the Vencora team in October 2016. BBT’s impression of Vencora was very good from the start. The company’s leadership was particularly impressed by the fact that Vencora does not buy businesses to sell them, but holds on to their companies forever, providing them with the support they need to become more successful in the future.
Joining the Vencora portfolio is of particular benefit to BBT because it gives the company access to the best practices and resources of its fellow portfolio companies, and provides the company with an international platform to sell its products outside its base in Switzerland.
Post-Acquisition Success
Now that BBT has joined Vencora, it is beginning to benefit from access to best practices and resources shared within the organization. BBT’s employees have reacted very positively to the news of the company’s sale, because joining Vencora provides them with greater safety. The reaction from BBT’s customers has been strongly positive as well, with the company’s smaller customers particularly pleased that BBT is in safe hands now and part of a large organization with a strong financial background. As part of Vencora, BBT will benefit greatly from the organization’s professional approach to doing business, especially when it comes to finances.
As part of Vencora, BBT will benefit greatly from the organization’s professional approach to doing business, especially when it comes to finances.
BBT is planning for its long-term success by keeping its focus on the Swiss market while also expanding its international presence with the help of Vencora. With Vencora’s support, BBT intends to build on its track record of serving its satisfied customers and developing state-of- the-art software products. BBT is also planning to leverage Vencora’s considerable resources to improve its business practices, including financing, sales, and marketing, to ensure its continued growth and development in the future.
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