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Gossan Resources Ltd. will acquire The Claims Network, Inc.

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Like The Claims Network, Inc.

announced 11/5/2010 via BNC Analysis
 
 
 
 
 
 
 
 

Gossan Resources Ltd. will acquire The Claims Network, Inc.

synopsis: Gossan Resources Limited has entered into an agreement to acquire an additional 19% equity interest in The Claims Network Inc., a service provider to the property and casualty insurance industry. As the largest shareholder, Gossan will hold a 66% equity interest in The Claims Network Inc.
buyer: Gossan Resources Ltd.(US:GSSRF:$0.00)
Gossan Resources Ltd. is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium.
target: The Claims Network, Inc.
The Claims Network is a privately held company dedicated to providing software solutions and services for the property claims industry. The Claims Network has revolutionized the processing of contents claims by offering solutions that help settle contents claims quicker and reduce settlement costs.
price ($mm)
$0.17*
rev ($mm)
$2
EBITDA ($mm)
price / rev
.4
price / EBITDA
announced 6/21/2011 via Company Press Release
 
 
 
 
 
 
 
 

COR&FJA AG will acquire Metris GmbH

synopsis: COR&FJA AG is acquiring a total of 74.3 per cent of the shares in Metris GmbH, St. Georgen. The purchase price for the shares is EUR 370,000. In German-speaking countries, Metris GmbH is one of the leading providers of standard software solutions for claims management in conjunction with composite insurance.
buyer: COR&FJA AG(FJH:XTRA:$85.46)
COR&FJA AG, together with its subsidiaries, offers software and consultancy services primarily for the insurance industry and pensions market in Germany and internationally.
target: Metris GmbH
Metris GmbH develops software solutions for insurance companies. It offers openClaims-platform, which supports the workflow of claims settlement from the notice of claim and the active claims management up to the closing of the claim.
price ($mm)
$0.53*
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/31/2009 via Company Press Release
 
 
 
 
 
 
 
 

Health Systems International acquired @Global

synopsis: Health Systems International, a leading provider of outsourced medical cost management solutions to payors and healthcare provider networks around the world announced the acquisition of @Global, a developer of software solutions for workers’ compensation, casualty insurance, claims administration, and medical cost management environments.
buyer: Health Systems International
Health Systems Internationa ("HSI") is a leading provider of outsourced medical cost management solutions. HSI has utilized proprietary technology, and experienced staff medical discount services to relieve clients' administrative burdens and achieve the lowest possible cost of medical care.
target: @Global
@Global provides innovative software for the insurance industry. The Allegro Business Intelligence Portal, @Global's newest product, offers organizations a virtual window into their operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 11/30/2011 via PR Newswire
 
 
 
 
 
 
 
 

Genstar Capital LLC acquired Insurity, Inc

synopsis: Genstar Capital, LLC, a leading private equity firm, announced the completion of its previously announced acquisition of Insurity, the former LexisNexis Insurance Software Solutions business, a provider of software and services to the Property and Casualty insurance industry.
buyer: Genstar Capital LLC
Genstar Capital is a leading private equity firm that works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses.
target parent: Reed Elsevier
target: Insurity, Inc
Insurity provides policy administration, claims, billing, and analytics software to insurance companies. Its customers, who write Personal Lines and Commercial Lines insurance, represent over $12 billion of commercial insurance premium processed through the Insurity suite of products.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 3/28/2007 via Daily Deal
 
 
 
 
 
 
 
 

Aurora Capital Group acquired Mitchell International

synopsis: Mitchell International, Inc., a leading provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries, has signed a definitive agreement to sell the company to an investment group led by Aurora Capital Group and including General Electric Pension Trust.
buyer: Aurora Capital Group
Aurora Capital Group is a private equity firm that acquires and builds companies in partnership with operating management. The Firm currently manages approximately $2 billion in capital and is committed to investing in middle market companies with unique, defensible market positions.
target parent: Hellman & Friedman LLC
target: Mitchell International
Mitchell International is a leading provider of information, workflow, and performance management solutions to the automotive insurance claims industry, serving carriers, collision repair facilities, and other commercial participants in the physical damage and auto-related medical claims markets.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 8/5/2009 via
 
 
 
 
 
 
 
 

21 Investimenti Partners S.p.A. acquired RGI S.P.A.

synopsis: 21 Partners has made a voluntary public tender offer for RGI SpA, a listed Italian provider of software, consulting and outsourcing services. The offer is being made in partnership with company founder Paolo Benini.
buyer: 21 Investimenti Partners S.p.A.
21 Investimenti was established by Alessandro Benetton in 1992 as a holding company investing in medium private companies in Italy.
target: RGI S.P.A.
RGI Group is one of the most dynamic information and communications technology (ICT) companies in Italy, with a proven leadership position in the provision of software, consulting and outsourcing services specifically for the insurance industry.
price ($mm)
$62
rev ($mm)
$51
EBITDA ($mm)
$16
price / rev
1.2
price / EBITDA
3.9
closed 8/1/2008 via Company Press Release
 
 
 
 
 
 
 
 

Oracle Corporation acquired AdminServer

synopsis: Oracle has agreed to acquire AdminServer, a rapidly growing provider of insurance policy administration software. AdminServer's product offering will become a core component of Oracle's existing insurance industry software that is used by more than one thousand insurers, including 20 of the top 20 global insurance companies.
buyer: Oracle Corporation(ORCL:$35,622.00)
Oracle is the world's largest enterprise software company. The company is a leading provider of systems software, including database management, application development, and application server software.
target: AdminServer
AdminServer, Inc. is a premier software solutions provider serving the life, annuity and group segments of the insurance community. After three and a half years of development, the company introduced its first insurance software package for policy/contract plan administration.
price ($mm)
rev ($mm)
$25
EBITDA ($mm)
price / rev
price / EBITDA
announced 8/14/2006 via Company Press Release
 
 
 
 
 
 
 
 

Bain Capital will acquire Applied Systems, Inc.

synopsis: Applied Systems Chairman and CEO James P. Kellner announced today that Bain Capital Partners will be his new ownership partner in the industry-leading agency management system company. Bain Capital and Kellner have signed a definitive agreement to purchase Applied Systems from Vista Equity Partners, LLC.
buyer: Bain Capital
Founded in 1984, Bain Capital's primary aim is to acquire or invest in companies that have excellent potential for equity appreciation. Bain Capital's approach is to develop partnerships with exceptional management teams.
target parent: Vista Equity Partners
target: Applied Systems, Inc.
One of the largest insurance software companies. More than half of the largest brokers in North America utilize an Applied Systems agency manager systems in their business operations, while more than 200 financial institutions utilize an Applied Systems management system.
price ($mm)
$675
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 8/1/2011 via Market Wire
 
 
 
 
 
 
 
 

MphasiS will acquire Wyde Corp.

synopsis: MphasiS, a leading IT services company, announced it has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of Wynsure -- an industry leading Insurance Policy Administration Solution. Wyde will operate as a product business within MphasiS' Insurance vertical.
buyer parent:HP
buyer: MphasiS
MphasiS is a $1 billion global service provider, delivering technology based solutions to clients across the world. Its competency lies in its ability to offer integrated service offerings in Applications, Infrastructure Services, and Business Process Outsourcing capabilities.
target: Wyde Corp.
Wyde Corporation is an international software vendor and creator of Wynsure, a multi-language, multi-currency, easily customizable software that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health, and Property & Casualty (P&C).
price ($mm)
rev ($mm)
$30
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/20/2005 via BusinessWire
 
 
 
 
 
 
 
 

Skywire Software acquired InsBridge

synopsis: Skywire Software, a diversified software company with a focus on the insurance and financial services industries, announced it has completed its acquisition of InsBridge. For nearly a decade InsBridge has been providing rating and underwriting applications for the insurance industry.
buyer parent:Hall financial group
buyer: Skywire Software
Skywire Software is a diversified software company focused on insurance, financial services, and enterprise services management. More than 150 customers in 10 countries benefit from the company's software applications and professional services.
target: InsBridge
InsBridge has been supplying software for leading insurance companies. InsBridge markets a suite of proven enterprise-grade rating and underwriting applications that support all lines of business and all major operating system and database platforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 2/23/2004 via BusinessWire
 
 
 
 
 
 
 
 

Ebix, Inc. acquired LifeLink Corporation

synopsis: Ebix, Inc. (NASDAQ: EBIX - News), a leading international supplier of software and e-commerce solutions to the insurance industry, announced that it has completed its acquisition of LifeLink Corp Inc., adding hundreds of brokers and approximately thirty five (35) life insurance companies as customers.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target parent: ChannelPoint, Inc.
target: LifeLink Corporation
LifeLink Corporation has been selling life insurance sales software applications for over 20 years. LifeLink's flagship application, WinFlex, offers a Single Entry, Multi-Carrier Interface (SEMCI) for more than 35 carriers. Our Vital products - VitalTerm, VitalUL, VitalLTC and VitalSigns - compare
price ($mm)
$8.20
rev ($mm)
$5
EBITDA ($mm)
$1
price / rev
2
price / EBITDA
11.9
closed 10/18/2005 via
 
 
 
 
 
 
 
 

Perot Systems Corporation acquired Technical Management Inc.

synopsis: Perot Systems Corporation today announced completion of its acquisition of Technical Management, Inc. and its subsidiary Transaction Applications Group (TAG), a leading provider of policy administration and business process services to the life insurance and annuity industry.
buyer: Perot Systems Corporation(PER:$2,643.00)
Perot Systems is a worldwide provider of information technology services and business solutions. Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value.
target: Technical Management Inc.
TAG, is a full-service administrative services provider for life, annuity and traditional health insurance carriers supporting both active and closed books of business.
price ($mm)
$83
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 7/20/2011 via BusinessWire
 
 
 
 
 
 
 
 

Vertafore, Inc. acquired StoneRiver FSC, Inc.

synopsis: Vertafore, a leading provider of insurance distribution channel solutions, announced its acquisition of StoneRiver FSC, Inc. (FSC). FSC delivers insurance rating and management systems to more than 6,500 customers including independent agents, brokers, insurance carriers and managing general agencies across the country.
buyer parent:TPG Capital
buyer: Vertafore, Inc.
Vertafore, Inc. is the leading provider of software and information to the insurance distribution channel including independent agents, brokers, MGAs, carriers and reinsurers.
target parent: Stone Point Capital, LLC
target: StoneRiver FSC, Inc.
StoneRiver FSC offers high-quality solutions for the agency market including personal lines rating solutions, insurance sales management, carrier website quoting, business-to-consumer rating and agency management systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 9/30/2009 via BusinessWire
 
 
 
 
 
 
 
 

Ebix, Inc. acquired Peak Performance Solutions

synopsis: Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, has acquired Ohio-based Peak Performance Solutions, provider of comprehensive, end-to-end insurance software and technology solutions to insurance companies, self-insured entities, and risk management organizations.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target: Peak Performance Solutions
Peak Performance Solutions offers comprehensive, end-to-end insurance software and technology solutions in the areas of workers’ compensation claims processing, risk management claims administration, managed care tracking and backend policy administration.
price ($mm)
$8.00
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 11/1/2007 via BusinessWire
 
 
 
 
 
 
 
 

JenQuest, Inc. merged with Ebix, Inc.

synopsis: Ebix, Inc., a leading international developer and supplier of software and e-commerce solutions to the insurance industry, has acquired California based JenQuest, Inc. and its subsidiary Insurance Data Services through a merger effective November 1, 2007.
buyer: Ebix, Inc.(EBIX:$168.97)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development.
target: JenQuest, Inc.
Insurance Data Services, a wholly owned subsidiary of JenQuest™, pioneered the first outsourcing application for Certificate of Insurance tracking. IDS has emerged as the leader in the certificate of insurance tracking industry with a customer base spread across 20 different industries.
price ($mm)
$10
rev ($mm)
$6
EBITDA ($mm)
$0
price / rev
2.1
price / EBITDA
56.9
closed 8/22/2011 via PR Newswire
 
 
 
 
 
 
 
 

Sapiens International Corporation N.V. acquired FIS Software, Ltd.

synopsis: Sapiens International announced the completion of the merger transaction with FIS Software Ltd., an established solution providers for the insurance industry. FIS Software develops packaged-based global insurance solutions that enable life insurance, pensions and investment companies to run their businesses more efficiently.
buyer parent:Emblaze Ltd.
buyer: Sapiens International Corporation N.V.(SPNS:$52.24)
Sapiens International Corporation N.V. is a leading global provider of business solutions for the insurance industry, helping modernize business processes and enabling insurance organizations to adapt quickly to change.
target: FIS Software, Ltd.
FIS Software develops packaged-based global insurance solutions that enable life insurance, pensions and investment companies to run their businesses more efficiently, and respond to territorial legislation and regulations.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
announced 3/15/2011 via PR Newswire
 
 
 
 
 
 
 
 

Longtop Financial Technologies, Ltd. will acquire FNDSoft

synopsis: Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, has announced that the Company has entered into a definitive agreement to acquire 100% of FNDSoft, a leading provider of core insurance solutions for property Insurance companies in China.
buyer: Longtop Financial Technologies, Ltd.(LFT:$169.06)
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
target: FNDSoft
Founded in 2006 and headquartered in Shanghai, FNDSoft develops core insurance software and solutions for property insurance companies in China. The company's core insurance applications are built on its own proprietary Insurance Enterprise Suite platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 12/1/2010 via PR Newswire
 
 
 
 
 
 
 
 

MajescoMastek acquired SEG Software LLC

synopsis: MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited, announced that it has acquired substantially all of the assets of Glastonbury, CT based SEG Software, LLC, a leading provider of policy administration systems covering individual and group life, health & annuity insurance products.
buyer parent:Mastek, Ltd.
buyer: MajescoMastek
MajescoMastek delivers proven technology solutions in core insurance areas including Incentive compensation, producer lifecycle management, billing, policy administration, new business processing and claims.
target: SEG Software LLC
SEG Software, LLC is uniquely focused on enterprise software solutions for the annuity, health, and life insurance industry. SEG Software is providing its clients with industrial strength solutions that enable them to fundamentally change the way they do business.
price ($mm)
$1.00
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 4/28/2010 via PR Newswire
 
 
 
 
 
 
 
 

Sapiens International Corporation N.V. acquired HarCase Software Ltd

synopsis: Sapiens International Corporation N.V., a Formula Group company and a global provider of insurance software solutions, announced that it has acquired Harcase Software, a provider of software solutions to the North American insurance industry. The purchase price, consisting of cash and stock, is expected to be in the amount of US$6 to US$8 million.
buyer parent:Emblaze Ltd.
buyer: Sapiens International Corporation N.V.(SPNS:$52.24)
Sapiens International Corporation N.V. is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change.
target: HarCase Software Ltd
Established in 2003, Harcase Software is dedicated to providing enterprise software development resources and products to the Property and Casualty insurance industry called RapidSure. The RapidSure suite was already embraced by several large carriers.
price ($mm)
$3.98
rev ($mm)
EBITDA ($mm)
price / rev
price / EBITDA
closed 11/12/2009 via Company Press Release
 
 
 
 
 
 
 
 

Infosys BPO Limited acquired McCamish Systems, L.L.C.

synopsis: Infosys BPO Limited, the business processing outsourcing subsidiary of Infosys Technologies, announced the signing of a definitive agreement to acquire all of the outstanding interests of McCamish Systems LLC, a premier business process solutions provider, based in Atlanta, Georgia in the United States.
buyer parent:Infosys Technologies Limited
buyer: Infosys BPO Limited
Infosys BPO is an end-to-end outsourcing services provider. They address business challenges through their integrated IT and business process outsourcing solutions.
target: McCamish Systems, L.L.C.
McCamish Systems' VPAS(R) (Variable Product Administration Systems) product family includes VPAS(R) Life and VPAS(R) Benefit Plan Administration as client/server based, relational database systems, that are scalable, feature rich and are flexible enough to be customized to suit unique client needs.
price ($mm)
$37
rev ($mm)
$38
EBITDA ($mm)
price / rev
1.5
price / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
announced 11/5/2010 via BNC Analysis

Gossan Resources Ltd. will acquire The Claims Network, Inc.

synopsis: Gossan Resources Limited has entered into an agreement to acquire an additional 19% equity interest in The Claims Network Inc., a service provider to the property and casualty insurance industry. As the largest shareholder, Gossan will hold a 66% equity interest in The Claims Network Inc.
buyer: Gossan Resources Ltd.(US:GSSRF:$0.00)
Gossan Resources Ltd. is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium.
target: The Claims Network, Inc.
The Claims Network is a privately held company dedicated to providing software solutions and services for the property claims industry. The Claims Network has revolutionized the processing of contents claims by offering solutions that help settle contents claims quicker and reduce settlement costs.
price ($mm)
$0.17*
rev ($mm)
$2
EBITDA ($mm)
price / rev
.4
price / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
announced 11/5/2010 via BNC Analysis

Gossan Resources Ltd. will acquire The Claims Network, Inc.

synopsis: Gossan Resources Limited has entered into an agreement to acquire an additional 19% equity interest in The Claims Network Inc., a service provider to the property and casualty insurance industry. As the largest shareholder, Gossan will hold a 66% equity interest in The Claims Network Inc.
buyer: Gossan Resources Ltd.(US:GSSRF:$0.00)
Gossan Resources Ltd. is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium.
target: The Claims Network, Inc.
The Claims Network is a privately held company dedicated to providing software solutions and services for the property claims industry. The Claims Network has revolutionized the processing of contents claims by offering solutions that help settle contents claims quicker and reduce settlement costs.
price ($mm)
$0.17*
rev ($mm)
$2
EBITDA ($mm)
price / rev
.4
price / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

Like The Claims Network, Inc.


The Claims Network, Inc.

Metris GmbH

@Global

Insurity, Inc

Mitchell International

RGI S.P.A.

AdminServer

Applied Systems, Inc.

Wyde Corp.

InsBridge

LifeLink Corporation

Technical Management Inc.

StoneRiver FSC, Inc.

Peak Performance Solutions

JenQuest, Inc.

FIS Software, Ltd.

FNDSoft

SEG Software LLC

HarCase Software Ltd

McCamish Systems, L.L.C.

The Claims Network, Inc.

The Claims Network, Inc.

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Ticker:
 
 
 
 
 
 
 
 
Metris GmbH
Metris GmbH develops software solutions for insurance companies. It offers openClaims-platform, which supports the workflow of claims settlement from the notice of claim and the active claims management up to the closing of the claim.
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Wyde Corp.
Wyde Corporation is an international software vendor and creator of Wynsure, a multi-language, multi-currency, easily customizable software that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health, and Property & Casualty (P&C).
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Prima Solutions
Prima Solutions provides brokers, insurance, mutual insurance and reinsurance companies with complete software offering for Life, P&C, Large Commercial Risks and Reinsurance.
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Technical Management Inc.
TAG, is a full-service administrative services provider for life, annuity and traditional health insurance carriers supporting both active and closed books of business.
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Compu-Quote, Inc.
Compu-Quote is an innovative software services company focused on the Canadian insurance industry. Since 1983, Compu-Quote has provided underwriting and rate comparison tools to small independents and national brokers alike.
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250
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Ravello Solutions, LLC
Ravello Solutions is a leading provider of insurance technology solutions designed to help carriers in the commercial lines property and casualty market streamline business processes by moving policy administration to the Web.
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Enservio, Inc.
Enservio, Inc. is the market leader in property insurance affinity solutions, strategic analytics, and contents software, inventory, valuation, replacement and replacement tools.
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Bravura Solutions Limited
Bravura Solutions Limited engages in the development and maintenance of wealth management applications, and the provision of professional consulting services to financial institutions.
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oneShield, Inc.
oneShield, Inc.
oneShield is a provider of browser-based solutions to automate the sales and service of insurance and bond products for insurance carriers, major brokers. Our flagship product, oneShield Dragon, is a tools- based, data-driven insurance underwriting, policy administration, rating and workflow engine.
year
2004
rev ($mm)
$1.70
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EBIT ($mm)
Net Income ($mm)
Employees
30
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Ticker: US:GSSRF
 
 
 
 
 
 
 
 
Gossan Resources Ltd.
Gossan Resources Ltd. is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium.
year
2010
rev ($mm)
EBITDA ($mm)
($0.58)
EBIT ($mm)
($0.58)
Net Income ($mm)
Employees
4
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Ticker:
 
 
 
 
 
 
 
 
Dravco Mining Inc.
Dravco Mining's principal activities are to acquire and explore mining properties in Canada. It owns 10 mineral claims, known as Cahill 3 to 12 inclusive, situated in the Osoyoos Mining Division of the Province of British Columbia, Canada. It is in the development stage.
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