Exit at Aboalarm: The comparison portal Verivox is acquiring 100 percent of the shares of Aboalarm GmbH. The deal is scheduled to be implemented in early January.
The Munich Successful startup Aboalarm was founded in 2008 by Bernd Storm van's Gravesande and Stefan Neubig. The company claims to have a market share of 80 percent.
Verivox, a subsidiary of the ProSiebenSat.1 Group, will integrate the Aboalarm service into its offerings. Bernd Storm van's Gravesande will remain Managing Director of Aboalarm, while Stefan Neubig will take on an advisory role. No details of the purchase price have been disclosed. Bernd Storm van's Gravesande says:
"We are very pleased to have Verivox as a strong strategic partner at our side, with whom we can successfully further develop our consumer-friendly services. We will work together to increase awareness of the aboalarm brand through the media power of ProSiebenSat.1 and to open up new business areas with solutions like Finlytics."
“Aboalarm completes Verivox’s services and products”
Verivox CEO Chris Öhlund says that with Aboalarm, his company has found the right partner to optimally complement its existing services:
"For various products, such as car insurance, customers still have to cancel their subscriptions themselves. With aboalarm's cancellation service, we continue our consistent focus on the wishes and needs of our customers."
Claas van Delden, COO Ventures & Commerce at ProSiebenSat.1:
"Since its founding in 2008, aboalarm has successfully processed over 5 million cancellations in Germany, demonstrated consistently high and profitable growth, and received above-average customer satisfaction ratings. This makes aboalarm an excellent complement to Verivox's services and products, and this acquisition also underscores our goal of strategically and growth-orientedly expanding ProSiebenSat.1's digital investment portfolio."
