Telenet and Isabel Group to Continue Doccle and Develop Platform of the Future
Isabel Group Acquires 50% stake in Doccle
Mechelen – Brussels, June 15, 2021.
Telecom company Telenet and FinTech company Isabel Group today announce that together they are taking over the digital platform Doccle and want to take it to the next level. Earlier this year, Telenet signed an agreement with Acerta and the Nationaal Hulpfonds (National Health Insurance Fund ‘Christelijke Mutualiteit’, further referred to as ‘CM’), to acquire their shares and has now concluded an agreement with Isabel Group for selling it 50% of the shares in Doccle. As a result, Telenet and Isabel Group will before long each own half of the business. The entry in Doccle fits in with the strategy of Isabel Group, which also owns Zoomit, to further digitize payments, administration and document management. For Telenet, this acquisition and subsequent sale of part of the shares is in line with its ambition to focus maximally on digitizing customer experience. In the next few years, Telenet and Isabel Group want to invest an additional 5 million euros to turn Doccle into the platform of the future.
Doccle is the largest digital administration platform in Belgium. The platform was established as independent start-up in 2012 by Telenet, Acerta and the Nationaal Hulpfonds (CM) to bundle their digital administration. More than 2.2 million Belgian people currently receive, process and store more than 125 million documents a year on Doccle. Thanks to the interactive app that collects all documents in a reliable digital environment, Doccle provides secure, easy and quick management of personal administration. All Belgian nationals can receive their government documents on Doccle by connecting to eBox. The platform collaborates with hundreds of large and small companies and organizations from all possible sectors such as: social secretariats, water companies, banks, insurance companies, social insurance funds for the self-employed, health insurance funds, and even intermunicipal waste companies.
Doccle is now ready for a new growth phase to organize the digital administration of families and self-employed even better, by integrating innovative digital applications in the platform such as automating invoice flows and linking insights and actions related to documents. As these further developments are not part of the strategy of either Acerta or CM, Telenet Group earlier this year entered in an agreement to acquire their shares and started looking for a strategic partner to help realize this growth.
On June 10th, 2021 Isabel Group signed an agreement to purchase 50% of Telenet’s participation in Doccle after Telenet bought out Acerta and CM.