Investcorp, a global provider and manager of alternative investment products, has acquired CloudCare.

CloudCare is a tech-enabled platform active in the energy, telecommunications and insurance markets where it operates as a channel partner and digital broker, connecting consumers and service providers through both its own proprietary online platform and clients’ web platforms.

CloudCare is a digital innovator with long-standing relationships with the leading energy, telecommunications and insurance operators in the Italian market. The investment by Investcorp is indicative of the significant market opportunity associated with process digitalization and the rise in importance of digital distribution channels.

CloudCare’s founder and CEO, Andrea Conte, will continue to lead the Company, having retained a meaningful stake in CloudCare alongside Investcorp.

Read more/Source: Private Equity Wire