Fadata Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

1178 Fadata

Fadata Strengths, Domain Expertise, and Key Differentiators

Fadata Group stands as a global provider of software solutions tailored for insurance companies. In an era marked by swift industry transformations, Fadata empowers insurers to thrive by deploying digital processes that enhance their connectivity with customers and distribution partners. The INSIS core process management platform plays a pivotal role in ensuring insurers maintain a competitive edge by facilitating quicker and more efficient interactions with their customer base.

Fadata Recent Developments

In May 2023, Fadata introduced the latest iteration of its core insurance software platform, INSIS. Fadata empowers clients with the flexibility to select from two distinct database providers, opt for a cloud provider, and engage with several preferred partners. The innovative containerized core platform enables insurance companies to establish a functional environment within minutes, facilitating swift updates for continuous access to new business features and functionalities.

Fadata Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fadata applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fadata and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified INSIS Platform customers.

Fadata Overview

Garmischer Straße 7

Munich, x, 80339, Germany

49 89 50 222 460

https://www.fadata.eu/


Ownership: - x

Number of Employees: 250

Functional Markets: ERP Financial, ERP Services and Operations,

Key Verticals: Life Insurance, P&C Insurance, Specialty Insurance,

Fadata Key Enterprise and Cloud Applications

INSIS Platform

Fadata Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Fadata Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Fadata Revenues By Region, $M

Region% of Total Revenues2023 Total Revenues, $M2023 Enterprise Applications Revenues, $M2023 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Fadata Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Fadata Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Fadata Customers


No. of Fadata Customers: 60

No. of Fadata Enterprise Applications Customers: x

No. of Fadata Cloud Customers: x

No. of Fadata Cloud Subscribers: x


Fadata's software solutions have earned the trust of leading insurers in more than 30 countries spanning Europe, the Middle East, Africa, and Latin America. Notable clients include ADNIC, Apmeeu, ACKA, Alfa Strakhovanie, ASIROM, Vienna Insurance Group, Omniasig, Ophata, and others.

Fadata Market Opportunities, M&A and Geo Expansions

In April 2023, Fadata introduced Fadata Ecosystem to support and scale their insurance platform solution, enabling insurance businesses to scale flexibly with less cost and less effort. Designed to ensure insurance companies can meet changing customer needs and expectations with fast paced innovation, the new Ecosystem of partners enables speedy, seamless deployment of new technology capabilities from difference sources. With pre-integrated, approved partner solutions from tech leaders, insurers can select the best fits for their business, while reducing the complexity and cost associated with traditional integrations.

Fadata Risks and Challenges

Coordinating activities across various global offices poses a potential challenge for Fadata.

Fadata Ecosystem, Partners, Resellers and SI

In December 2022, Fadata solidified a strategic partnership with DICEUS, a Lithuania-based software development company. This collaboration aims to enhance the implementation capabilities of the INSIS platform for insurance companies of varying sizes.

In July 2021, Fadata joined forces with Ernst & Young LLP (EY UK) to drive technological transformation and improve business performance for insurance companies. Leveraging Fadata's core insurance operational technology and EY UK's expertise in the insurance sector, the partnership facilitates comprehensive business and technology transformations. Utilizing Fadata's INSIS platform, the collaborative teams will assist insurers in developing flexible and innovative products, accelerating time-to-market, and expanding distribution and servicing through digital channels. The combined efforts of Fadata and EY UK will support insurance companies across key business areas, including business management, insurance product lifecycle, and enhancing the customer journey.

Fadata has an extensive international distribution and implementation partner network that includes BearingPoint, Charles Taylor InsureTech, EVRY, EY, Infosys and Sollers

Fadata Cloud Infrastructure Insights

Subscribe to read more about:

  • Fadata Public Cloud and Infrastructure (IaaS)
  • Fadata Platform (PaaS)
  • Fadata Application Delivery
  • Fadata Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ



Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. DreamVPS, a Israel based Professional Services organization with 20 Employees
  2. DreamVPS, a Israel based Professional Services company with 20 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
DreamVPSProfessional Services20$2MIsrael2024-06-24
SubscribeSubscribeProfessional Services20$2MIsrael2024-06-23