mynth
09/2026

D4Next acquired by RGI GROUP

ITALY Software / Industry-Specific Software / Financial Services / Banking REV 1m EUR - 100m EUR

Context

Announced in September 2026, RGI, a provider of digital insurance solutions in Europe, completed the acquisition of D4Next, a technology company founded in 2021 by Vito Rocca and Davide Scaravaggi. D4Next specializes in AI‑driven platforms that link insurance products, distribution channels and digital processes. The transaction was executed in Milan and expands RGI’s portfolio of core insurance platforms with the YOGA suite, a smart‑layer technology that integrates with existing policy‑admin systems and enhances digital distribution, real‑time event processing, and omnichannel client interactions. The YOGA platform, already fully integrated with RGI’s PASS solution, enables insurers to decouple product configuration from underlying policy engines, connect disparate core systems, and launch new services across mobile, telephone and intermediary channels. By adding autonomous AI applications that support underwriting, claims handling and customer service, the combined offering aims to accelerate insurers’ digital transformation while preserving the stability of legacy infrastructures. D4Next operates in Italy and France, maintains a team of more than 20 professionals, and has built a client portfolio of sixteen insurers over the past three years. Following the acquisition, RGI and D4Next will pursue additional opportunities in the French market, where D4Next holds an established presence. The integration is expected to broaden RGI’s reach across the EMEA region, complementing its existing suite of general‑insurance, life‑insurance and claims platforms with enhanced agility and AI‑enabled distribution capabilities. Both parties highlighted the strategic fit: RGI’s long‑standing expertise in core insurance technology combined with D4Next’s digital distribution and AI competencies creates a unified solution that supports insurers in progressively adopting innovative processes across the entire value chain.

D4Next, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Founded in 2021, D4Next develops a SaaS platform named YOGA that acts as an intelligent integration layer for insurance carriers. The solution connects core insurance systems with digital distribution channels, enabling configuration of commercial offers independent of the underlying policy product, real-time event processing, hybrid insurance-non-insurance bundles, and omnichannel interactions across mobile, phone and intermediary interfaces. YOGA incorporates AI-driven modules that automate subscription, claims handling and customer service workflows. The company operates in Italy and France, employs more than 20 professionals and has built a client portfolio of 16 insurers over the past three years.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: d4next

Acquirer: rgi group