SAP Acquires Venture-Backed Camilion Solutions
Posted on: March 8, 2013 by Kirk FalconerNo Comments »
Markham, Ontario-based Camilion Solutions Inc., which focuses on product development, product life-cycle and underwriting solutions for the insurance industry, has been bought by SAP AG, a German provider or enterprise application software. The financial terms of the acquisition were not disclosed. Camilion was founded in 2001 with a startup financing led by Canadian venture capital firm Celtic House Venture Partners. Other backers of the company have included GrowthWorks and MMV Capital Partners.







