Acturis reveals profit jump in 2018

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Acturis Group has posted a rise in pre-tax profit for the year ended 30 September 2018, to £31.5m from £22.8m in 2017.

The software house also reported a 28% increase in revenue to £79.8m (2017: £62.2m) and a rise in operating profit from £23m last year to £31.3m in 2018.

The document also revealed that Acturis paid a total of £3.5m for Surrey-based ICE InsureTech, which it bought in November 2017.

The deal followed the acquisitions in Germany of Lutronik Software for £898,075 in June 2017,

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