Insurance Comparison Market Consolidation Exit

Chegg.net acquires www.versichern24.at and plans the expansion of the Austrian comparison service as well as to connect the platform to more than 1000 qualified brokers.

Vienna, December 15, Ivo Radulovski (majority shareholder) and partners, today announced the successful exit for the Viennese startup "Versichern24", which is the first consumer comparison platform currently operating in Austria. Thanks to the professional support and preparation by the Segments Accelerator, one of the largest portals for insurance comparisons with more than 25 insurance products became now part of chegg.net, the market leader in the B2B area of software development for insurance consultants. Thanks to the large network of experts from chegg.net, Versichern24 will provide in future individual consultation by experts throughout Austria.

Versichern24 was founded in 2007 and has since been a leading insurance portal in Austria, counting more than 1.5 Mio calculations per year. The priorities set versichern24 on car insurance, household insurance as well as legal expenses insurance.

"We have jointly set up an exit strategy with the buyers and partners of Versichern24 and are very proud that we were able to implement such a success now," said Ivo Radulovski. "The team of Versichern24 did an excellent job. TAbout the amount of the purchase price was not disclosed.

About Segments Accelerator

Segments Accelerator ( www.segments-accelerator.com ) supports corporates and startups to grow in their business and to develop internationally. In addition, to access to capital and mentors, the accelerator offers a number of other services in the field of technology and marketing. 

About chegg.net

chegg.net is Austria's #1 specialist for online insurance comparisons. The company was founded in 2001 in Graz as the first B2B comparison site for the domestic insurance market and is the market leader in the B2B sector in the development of software for insurance consultants and product developers from the insurance industry. More than 1,000 independent brokers and almost all reputable insurers in the domestic market use their services. Early 2013 chegg.net launched a consumer service, where consumers were  enabled to compare the actual prices of insurances. In addition, if desired, chegg.net offers a network of more than 1,000 cooperating insurance brokers on site for personal consultation and support in case of damage.

Further inquiry note:

Ivo Radulovski
www.segments-accelerator.com
presse@segments-accelerator.com

+ 43 1 997 13 20

EPS Logo https://www.versichern24.at/presse

Mar 2, 2016 By Ivo Radulovski