Keylane Strengths, Domain Expertise, and Key Differentiators
Keylane is a leading European supplier of modern, customer-centric, SaaS software for the insurance and pension industry. Keylane empowers the insurance and pension industry to transform their business and achieve their goals through innovative solutions that redefine how insurance software works.
In September 2018, Keylane introduced the new platform names: Keylane Axon, the core platform for insurance and Keylane Plexus, the core platform for Pension. Both platforms offer state of the art digital capabilities and are offered in a SaaS model. With the new Axon and Plexus names, that relate to vital parts of the human brain, Keylane continues to invest in its solutions and customer services.
Keylane Recent Developments
In February 2019 Keylane sells its subsidiary FlexiQ, a consultancy company focused on the pension and life sector. The company is transferred via a management buy-out to the current management, Gerrit Noorman, and Magchiel Kessen. Keylane focuses on the development and implementation of SaaS software and the consultancy activities of FlexiQ no longer fit in with Keylane’s strategy. Keylane and FlexiQ remain partners for the deployment of temporary capacity during the software implementations conducted by Keylane.
As of January 2017, Benefits-Plaza operates under the name Keylane. The Benefits Plaza platform offers optimum support to insurers, intermediaries and employers. A fully computerized database offers a clear overview of all employee insurance covers.
Keylane Mergers and Acquisitions (M&A) Activities
In October 2017, Keylane acquired Bridgevest, a market leader in the Netherlands in the area of digital customer services in the pension sector. The partnership between Bridgevest and Keylane creates a powerful combination in the pension market allowing customers to arrange their pensions digitally and fully.
Keylane Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Keylane 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 Keylane 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 Axon, Plexus customers.
Keylane Overview
Ownership: - x
Number of Employees: 750
Functional Markets: CRM, ERP Services and Operations, TRM,
Key Verticals: Insurance,
Keylane Key Enterprise and Cloud Applications
Axon, Plexus
Keylane Revenues, $M:
| Type/Year | 2019 | 2020 | YoY 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.
Keylane Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Keylane Enterprise Applications Revenues By Functional Markets, $M:
Keylane Enterprise Applications Revenues By Verticals, $M:
Keylane Revenues By Region, $M
| Region | % of Total Revenues | 2020 Total Revenues, $M | 2020 Enterprise Applications Revenues, $M | 2020 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Keylane Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Keylane Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Keylane Customers
No. of Keylane Customers: 270
No. of Keylane Enterprise Applications Customers: 270
No. of Keylane Cloud Customers: x
No. of Keylane Cloud Subscribers: x
More than 270 financial service providers in Europe use Keylane's software and achieve measurable results such as a reduction in costs, a reduction of the time-to-market and higher levels of customer satisfaction. Recent customer wins are GVV, a German Non-Life insurer, Ditzo, Møretrygd, Allianz Benelux, NN, Aegon, Allianz, Forca, Nykredit, Alm.Brand, DIP, a.s.r., Heineken Pension Fund, LD Fonde, a.s.r., Aegon and others.
Keylane Market Opportunities, M&A and Geo Expansions
In September 2018, APG, the largest pension provider in the Netherlands, sold their subsidiary Inovita (and pension administration system Lifetime) to Keylane. The activities of software supplier Inovita no longer fit APG’s strategy. The acquisition means Inovita increases their product offer and innovation power.
In April 2017, Keylane acquired Schantz, a recognized leader of software solutions for financial institutions. The combination of resources and capabilities will ensure that both Keylane and Schantz clients will benefit from the delivery of future-proof solutions. With Schantz, Keylane has acquired a modern and innovative software platform that can be used in the transformation of the international life and pension market. The combination will provide a solid base for future international growth and will accelerate R & D.
Keylane Risks and Challenges
Migration to the cloud is work in progress.
Keylane Ecosystem, Partners, Resellers and SI
In March 2019 Keylane Denmark has partnered with Copenhagen FinTech to take an active part in supporting and developing the Danish start-up environment with products and expertise within financial technology and at the same time strengthen the international fintech environment. As an established fintech company, Keylane sees digitalization and the interaction with start-ups as an important factor in developing the best solutions for the financial sector. Keylane’s vision of changing the industry through innovative technology and the development of an ecosystem of partnerships for the benefit of our customers is perfectly in line with the initiated collaboration with Copenhagen Fintech.
Keylane’s international background and partnership with “Holland FinTech” brings added value to the collaboration – it builds a bridge between Danish and foreign fintechs. Furthermore, Keylane can help Danish fintechs to establish dialogues with the European financial sector, and companies in the Benelux and DACH (Germany, Austria, and Switzerland) in particular.
Keylane maintaining excellent partner relationships in the areas of software, infrastructure, and consultancy. Among its partners are: Yonder, Expansion, Kofax, Infosys, IBM, BearingPoint, Oracle, and many others.
In March 2018, Keylane partnered with an expert in financial risk management – Copenhagen Simulations – that offer a full Economic Scenario Generator (ESG). This, combined with Keylane’s core competencies in actuarial/ mathematical methods and software solutions, has created the foundation for a partnership that meets the current regulatory challenges through an integrated package solution called the Keylane ALM Projection Model.
Keylane Cloud Infrastructure Insights
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- Keylane Public Cloud and Infrastructure (IaaS)
- Keylane Platform (PaaS)
- Keylane Application Delivery
- Keylane 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:
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