Today, Tia Technology announces strong financial results for 2018. An international leader in software and solutions for the insurance industry, Tia’s revenue is anchored in the successful launch of a series of new digital solutions, an increase of new and upgrading customers, two successful acquisitions and continued growth in international markets. Key financial results • Revenue increases by 33% to DKK 207 million • EBITDA grows by 34%, to DKK 52 million, driven mainly by increased license sale revenue • Overall profitability increased despite increased investments • Major R&D investments are capitalised as Tia focuses on business growth Business highlights • Several customers successfully launched Tia-as-aService, the company’s full-service cloud-based solution. Tia also achieved several enhancements to the solution, including establishing a Tia-as-a-Service division and earning an ISAE 3402 accreditation, which offers Tia customers assurance of the solution’s quality. • During the year, Tia launched a series of Digital and Business solutions that empower insurers to serve today’s digital consumers faster and more efficiently, while ensuring an enhanced customer experience. • A roster of new customers joined the Tia community, including a range of incumbent insurers and digital startups. At the same time, a wave of current customers upgraded to take advantage of the latest release’s advanced functionality. Several additional customers have committed to upgrading in 2019.