About NOVUM
NOVUM is a company based in Nuremberg (Germany) founded in 1993 was acquired by RGI in July 2019.. NOVUM offers products and services including V'GER Suite, V'GER as a Service, VPORTAL, AESTIMO, and UNISMART. NOVUM operates in a competitive market with competitors including ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others.
- Headquarter Nuremberg, Germany
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Novum-Rgi Germany Gmbh
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Products & Services of NOVUM
NOVUM offers a comprehensive portfolio of products and services, including V'GER Suite, V'GER as a Service, VPORTAL, AESTIMO, and UNISMART. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for insurance underwriting and management systems
Cloud-based insurance solutions with pay-as-you-go pricing
Broker communication tool for insurance operations
Virtual platform for assessing insurance claims
Tool for legally compliant digital signatures in insurance
Funding Insights of NOVUM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NOVUM
NOVUM has secured backing from 1 investor. Prominent investors backing the company include RGI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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RGI is recognized as a leading provider of core software systems for the European insurance market.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NOVUM
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NOVUM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novum Comparisons
Competitors of NOVUM
NOVUM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Cloud-based policy management and underwriting solutions for insurance are provided.
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| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NOVUM
When was NOVUM founded?
NOVUM was founded in 1993.
Where is NOVUM located?
NOVUM is headquartered in Nuremberg, Germany. It is registered at Nuremberg, Bavaria, Germany.
What does NOVUM do?
Novum Group is a developer of software solutions for the insurance industry in a variety of insurance lines of business and financial sectors. The flagship product is Vger, which is a uniform technical standard platform for life and PC business, available to be hosted on-premise or on the cloud. The Vger suite of solutions includes: Vger PC and Vger Life (contract and product management solutions), Vger PC Compact (turnkey ready solution for extended PC business), Vger Sky Digital Customer Service (solution to help digitize legacy systems) and Vger Portal (B2B solution for offer, contract and claims management).
Who are the top competitors of NOVUM?
What products or services does NOVUM offer?
NOVUM offers V'GER Suite, V'GER as a Service, VPORTAL, AESTIMO, and UNISMART.
Who are NOVUM's investors?
NOVUM has 1 investor. Key investors include RGI.
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