SSP Ltd, the international holding company of SSP in South Africa, has been acquired by global software holding company Vencora.

Vencora is owned by Volaris, which, in turn, forms part of the Constellation Software group. According to the Brand Finance 2023 report, Constellation is the eighth most valuable software brand in the world.

“Forming part of an important and established brand such as Constellation is a big boost for SSP around the world, including here in South Africa,” says Leslie Muthen, SSP Territory Head for Africa. “Our African territories will gain access to support, coaching and new best practices while continuing to operate autonomously from Constellation.”

SSP South Africa will continue to trade within the SSP Worldwide group.

“Vencora bought SSP with a long-term vision in mind,” says Muthen. “We know that in years to come, we will still be part of this incredible global brand. This adds stability and continuity to our businesses across the world, including here in Africa.”

SSP is a leading global supplier of technology systems and software for the property and casualty insurance industry. Founded in 1984, SSP strives to support its global customer base, while keeping a clear focus on innovation. The company’s software solutions are designed to help insurers and brokers operate their businesses more efficiently.

“The SSP Insurer team is excited to be part of the Vencora portfolio bringing greater alignment to the insurance sector of the Constellation Group,” says Andrew Walters, Managing Director of SSP Insurer. “With Vencora's specialized expertise in the insurance and financial services industry, and SSP being a part of their portfolio, we have a shared focus on addressing our customers' primary concerns. By thoroughly understanding their distinct business requirements, we can offer prompt and efficient solutions, leveraging our extensive expertise to deliver exceptional outcomes for our esteemed clients.”

With Vencora’s specific expertise within the insurance and financial services industry, and SSP being part of the portfolio, we share a common focus on our customers' core concerns. By understanding their unique business needs, we can provide swift and effective solutions, drawing upon our extensive expertise to deliver outstanding outcomes for our valued clients.

Michael Dufton, CEO of Vencora, says the decision to purchase SSP came after following the company’s progress over the years.

“We have found SSP’s solution suite and team impressive,” he says. “The company showed a keen drive to innovate and help shape the insurance software space. We are excited to welcome SSP to the Volaris family and support their long-term growth by providing our best practices and industry experience. The acquisition supports our goal to expand Vencora’s presence in the insurance technology industry and enables us to offer insurance technology solutions to property and casualty insurers on a global basis.”