Tinubu acquires Innoveo

Tinubu has signed an agreement to acquire Innoveo , a no-code enterprise software company, to expand its cloud-based capabilities across specialty insurance lines including Surety, Cyber, and Marine.

The acquisition will enhance Tinubu’s product portfolio and help insurers and brokers accelerate digital transformation using configurable software across five continents.

Founded in 2000, Tinubu provides cloud-based software for specialty insurers, enabling carriers and brokers to automate workflows, reduce costs, and speed up product launches. Its platform handles over 2 million transactions annually across more than 20 countries, with a focus on trade credit, surety, cyber, and marine.

Tinubu employs around 200 people, with slight headcount declines in the past two years. Innoveo, on the other hand, employs about 114 people, reflecting a 5% decrease over the past six months and a 16% decrease over the past two years.