Today, our client, Qatar Insurance Services LLC, owner of Qatarlyst S.P.C., the technology-based insurance and reinsurance trade fulfillment system based in Doha, announce that it has acquired RI3K, the London based pioneer and innovator of technology that supports paperless transactions for the commercial insurance and reinsurance industry.
This is a transformational deal for Qatarlyst, expanding its international reach and enhancing its service offering to London and beyond, creating additional opportunities for growth and providing a quantum leap in the number of members served to over 330, whilst more than doubling its headcount to over 45. We were pleased to advise Qatar Insurance Services LLC. Their press release can be found at Qatarlyst takes strategic step forward with acquisition of RI3K.