Conzylum has been acquired by EPAM Systems, Inc.

Conzylum has been sold to EPAM Systems, Inc. (EPAM).

Conzylum is a boutique insurtech software development company that specializes in leveraging AI and advanced technologies to provide cutting-edge solutions. The company provides a comprehensive range of services, including portfolio services, business process optimization, calculation, data management, risk management and cloud management. With a focus on software integration, Conzylum collaborates with insurance firms, acting as a partner in the development and implementation of risk profiles based on extensive data analysis. By harnessing large datasets and advanced algorithms, Conzylum enables insurers to make informed decisions, enhance their underwriting processes and effectively manage risks.

Headquartered in Newtown, Pennsylvania, EPAM is a US-based global provider of software engineering and IT consulting services. Its teams of technologists, strategists and designers deliver powerful digital experiences. The company specializes in 11 industries across 55 countries and regions, delivering innovative solutions to its customers’ most challenging problems.

Oaklins’ team in Switzerland advised Conzylum’s owner and founder on the sell-side process.