Asset finance software provider Cassiopae has
bought a 100 percent share of fleet management software firm
InfoParc from former owner Europ Assistance, a subsidiary of
Italian financial services group Generali.

The acquisition of Paris-based InfoParc, which
achieved a revenue of €1.5 million over 2009, will add fleet
management expertise to Cassiopae’s capabilities in the general
asset finance sector, and will allow a combined software offering
for vehicle finance and fleet management.

“For InfoParc, being part of Cassiopae
strengthens our ability to respond quickly to market demands and to
address the increasingly global requirements for fleet management
solutions,” commented InfoParc’s managing director, Patrick

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By GlobalData