Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of 3C Deutschland, a leading technology company specializing in the digitalization of claims processes within the insurance sector.
FLEX Capital has acquired 3C Deutschland GmbH, a leading provider of digital claims management software in the Germanspeaking region. Founded in 2006, 3C has established itself as a trusted technology partner to insurance companies for whom claims processes are a critical success factor. With approximately 90 employees, the company today automates high-volume workflows for a longstanding customer base – including 20 of the top motor and property insurers in Germany and Switzerland.
Scope of Work
Code & Co. conducted a comprehensive audit of 3C Deutschland’s platform, focusing on its comprehensive product architecture, hybrid infrastructure, and backend technology stack, enabling end-to-end data processing and automation.
The review also covered the platform’s emerging AI functionality, integration design, and operational performance.
The evaluation concluded with an assessment of the engineering organization, software development lifecycle, and quality management practices.
About 3C Deutschland
3C Deutschland GmbH is a leading and innovative technology company specializing in the digitalization of claims processes within the insurance sector. Headquartered in Heilbronn, with an additional location in Erfurt, the company has established itself since its founding in 2006 as a trusted technology partner for renowned insurance companies. 3C plays a key role in driving digitalization and transformation in the insurance industry. The platform developed and designed by 3C standardizes business transactions, enriches them with process-related information from databases or client-specific definitions, and processes them automatically.
About FLEX Capital
FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German Internet and software midmarket. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds. Currently, the FLEX portfolio comprises ten business platforms. For more information, visit www.flex.capital.