Like Adaptik Corporation

announced 2/7/2018 via Company Press Release

Sapiens International Corporation N.V., will acquire Adaptik Corporation

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, entered into a definitive agreement to acquire Adaptik. Pennsylvania-based firm Adaptik offers P&C insurers policy administration and billing capabilities, for commercial, personal, specialty and workers’ compensation lines of business.
buyer parent: Formula Systems Ltd.
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to property and casualty/general insurance; life, pension and annuities; and reinsurance markets. "
target: Adaptik Corporation
Adaptik empowers P&C insurers to turn even the most complex products and lines into opportunities for sustainable growth. Their solutions for policy administration, rating, billing, customer management, task management and product design are intuitive, user-friendly and endlessly configurable.
price ($mm)
$22
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 11/12/2020 via BusinessWire

Insurity, Inc, acquired CodeObjects

synopsis: Insurity, LLC, a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, has completed the acquisition of California-based CodeObjects, a recognized leader in delivering highly innovative and flexible cloud solutions to the P&C space.
buyer parent: GI Partners
buyer: Insurity, Inc
Insurity is a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs. Through its best-in-class digital platform, Insurity is trusted by 15 of the top 25 property and casualty carriers in the US. "
target: CodeObjects
CodeObjects is a recognized leader in delivering highly innovative and flexible cloud solutions to the P&C space. Their solutions’ deep feature sets and ease of configuration have resulted in long-tenured, highly-satisfied clients.
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closed 11/8/2017 via Company Press Release

Acturis Limited, acquired Hubio Enterprise Insurance

synopsis: Acturis Group has acquired Hubio Enterprise Insurance, the ICE insurance software business of Hubio Technologies. Hubio Enterprise Insurance offers solutions for the insurance industry that enables users to streamline processes in the management of claims, policies, billing and rating. Hubio Enterprise Insurance will operate as ICE InsureTech Ltd.
buyer: Acturis Limited
Acturis is the leading software as a service provider to the general insurance industry. Acturis is one of the UK’s highest rated and fastest growing technology companies, delivering awesome solutions to help their clients streamline their business with a more connected approach to insurance. "
target parent: Watchstone Group plc
target: Hubio Enterprise Insurance
Hubio Enterprise Insurance offers proven solutions for the insurance industry with a core insurance suite that can be implemented rapidly. Their advanced software enables users to streamline their processes in the management of claims, policies, billing and rating.
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announced 9/6/2017 via BusinessWire

Carlyle Group, will acquire Prima Solutions

synopsis: Global alternative asset manager The Carlyle Group announced it has signed an agreement to acquire French insurance software vendor Prima Solutions. Prima Solutions is a French software vendor that designs, develops and markets software exclusively for insurance providers.
buyer: Carlyle Group (CG:$1,880.20)
The Carlyle Group is a global alternative asset manager. Carlyle’s purpose is to invest wisely and create value on behalf of its investors. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions. "
target: Prima Solutions
Prima Solutions delivers the software platform Property and Casualty insurers need to gain in agility and succeed in a time of rapid industry change. Prima Insure addresses the whole life cycle of an insurance policy: distribution; underwriting; contract; claims and financial management.
price ($mm)
rev ($mm)
$24
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/2/2016 via BusinessWire

Duck Creek Technologies, acquired Agencyport Software

synopsis: Duck Creek Technologies, a leading provider of comprehensive P&C insurance software and services, announced it has purchased Agencyport, software that lets P&C insurers engage simply and quickly with their product distribution channels and technology partners.
buyer parent: Apax Partners
buyer: Duck Creek Technologies
Duck Creek Technologies LLC is a leading provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model. Apax Partners LLP is a leading global private equity advisory firm. "
target parent: Thomas H. Lee Partners, L.P.
target: Agencyport Software
Agency Port offers the world's leading web-based distribution technologies and robust business intelligence tools—making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers' competitive edge.
price ($mm)
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closed 8/2/2016 via BusinessWire

Apax Partners, acquired Duck Creek Technologies

synopsis: Accenture has completed the sale of a majority stake in Duck Creek Technologies to funds advised by Apax Partners, a leading global private equity firm. Duck Creek Technologies is a leading provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model.
buyer: Apax Partners
Apax Partners is an independent global partnership focused solely on long-term investment in growth companies. Funds advised by Apax Partners typically invest in large companies with an enterprise value between €1bn and €5bn. . "
target parent: Accenture
target: Duck Creek Technologies
Duck Creek Technologies LLC is a leading provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model.
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announced 8/12/2015 via BNC Analysis

Marsh LLC, will acquire Dovetail Insurance

synopsis: Marsh, a global leader in insurance broking and risk management, has signed a definitive agreement to acquire Dovetail Insurance. Dovetail has developed an advanced cloud-based technology platform that enables independent insurance agents to obtain online quotes from multiple insurance providers and bind insurance policies in real time.
buyer parent: Marsh & McLennan Companies, Inc.
buyer: Marsh LLC (:$0.00)
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them manage risk. Marsh’s approximately 26,000 colleagues work together to serve clients in more than 130 countries. "
target parent: FirstMark Capital, LLC
target: Dovetail Insurance
Dovetail Insurance provides cloud-based insurance product delivery services for property-casualty insurance carriers, MGAs and brokers. With Dovetail's SaaS-based business model, insurance companies have unlimited possibilities for quickly creating and distributing insurance products.
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closed 2/20/2013 via Company Press Release

Volaris Group Inc., acquired Information Distribution & Marketing, Inc.

synopsis: Volaris Group Inc. announced that it has acquired Information Distribution & Marketing, Inc. (“IDMI”), a leading provider of property and casualty insurance administration software to regional insurance companies and Managing General Agents.
buyer parent: Constellation Software, Inc.
buyer: Volaris Group Inc.
Volaris Group Inc. is a private investment firm. Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. "
target: Information Distribution & Marketing, Inc.
Information Distribution & Marketing, Inc. ("IDMI") is a software development company focused on providing automation solutions for the Property & Casualty Insurance Industry. IDMI is the creator of PTS, a real-time web-based policy administration system.
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closed 6/6/2012 via PR Web

Applied Systems, Inc., acquired Compu-Quote, Inc.

synopsis: Applied Systems Inc., a leading provider of software that powers the business of insurance, announced that it has acquired Compu-Quote Inc. Compu-Quote is Canada’s leader in the development, delivery and maintenance of comparative rating services, business rules automation and analysis tools for the automobile and property insurance industry.
buyer parent: Bain Capital
buyer: Applied Systems, Inc.
Applied Systems, Inc., develops, sells and supports insurance agency and broker management systems and provides services for accounting, customer, policy, claims management, and all related agent and broker functions. "
target: 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.
price ($mm)
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closed 8/23/2011 via BusinessWire

Accenture, acquired Duck Creek Technologies

synopsis: Accenture has completed its acquisition of Duck Creek Technologies, a privately held company that specializes in software solutions for the property and casualty (P&C) insurance industry. The acquisition complements Accenture Software’s existing P&C, component-based software platforms.
buyer: Accenture (ACN:$44,730.27)
Accenture is a global management consulting, technology services and outsourcing company. Accenture collaborates with clients to help them become high performance businesses and governments. "
target parent: FirstMark Capital, LLC
target: Duck Creek Technologies
Duck Creek Technologies® develops and markets software that enables insurance carriers to rapidly define, develop, deploy, and manage their insurance products and services – for any line of business. Duck Creek's products are built on the EXAMPLE Platform®.
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closed 2/14/2018 via Company Press Release

Next Gear Solutions, acquired Moisture Mapper International, Inc.

synopsis: Serent Capital, a private equity firm that invests in software businesses, announced that its portfolio company Next Gear Solutions has acquired Moisture Mapper International (MMI). MMI’s software provides restoration contractors with documentation and analytical tools that guide the drying process and reduce time spent on claim management.
buyer parent: Serent Capital
buyer: Next Gear Solutions
Next Gear Solutions' mission is to take restoration companies paperless, automate their workflow, and bring efficiency to the entire business operation. Next Gear’s software suite has grown to include solutions for managed repair networks, franchisors, and other insurance solutions. "
target: Moisture Mapper International, Inc.
Moisture Mapper offers the property insurance industry a platform that can effectively document and communicate all aspects of the water mitigation process on both residential and commercial properties. They offer data analysis tools insurers need to minimize open file time and quickly close claims.
price ($mm)
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closed 11/3/2008 via Company Press Release

AQS, Inc., purchased AscendantOne Policy Management Suite from Insurance Services Office, Inc.

synopsis: AQS, Inc., a provider of policy administration systems for commercial property/casualty insurance, announced the acquisition of the assets and corresponding personnel of the AscendantOne® Policy Management Suite from ISO Insurance Technology Solutions (ISO-ITS), a unit of Insurance Services Office, Inc. (ISO).
buyer: AQS, Inc.
AQS, Inc. provides policy administration and technical services to commercial property and casualty insurers in the United States. "
seller: Insurance Services Office, Inc. (NasdaqGS:VRSK:$2,748.00)
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. In the US and around the world, Verisk Analytics helps customers protect people, property, and financial assets.
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closed 5/11/2016 via Company Press Release

Hyland Software, Inc., acquired Acrosoft Corporation

synopsis: Hyland, creator of OnBase, announced the acquisition of substantially all of the AcroSoft enterprise content management (ECM) business from Interactive Intelligence, Inc. AcroSoft offers ECM-focused software solutions to the insurance marketplace.
buyer parent: Thoma Bravo, LLC
buyer: Hyland Software, Inc.
Hyland has helped more than 13,500 lifetime customers by providing real-world solutions to everyday business challenges. OnBase, Hyland’s core product, helps organizations manage content and streamline business operations by creating a true enterprise information hub. "
target parent: Interactive Intelligence Group, Inc.
target: Acrosoft Corporation
AcroSoft Corporation develops and implements property and casualty insurance solutions for insurance companies worldwide. Its Insurance Content Management offers solution for document management, imaging, and workflow management.
price ($mm)
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closed 5/19/2009 via BusinessWire

Interactive Intelligence, Inc., acquired Acrosoft Corporation

synopsis: Interactive Intelligence, a global provider of unified IP business communications solutions, has acquired privately-held AcroSoft Corp., a provider of insurance content management solutions. Acquisition to Add Document Management and Workflow Applications for Insurance to the Interactive Intelligence Unified IP Business Communications Solutions.
buyer: Interactive Intelligence, Inc. (ININ:$426.17)
Interactive Intelligence Inc. is a global provider of unified business communications solutions for contact center automation, enterprise IP telephony, and enterprise messaging. The company was founded in 1994 and has more than 3,000 customers worldwide. "
target: Acrosoft Corporation
AcroSoft Corporation develops and implements property and casualty insurance solutions for insurance companies worldwide. Its Insurance Content Management offers solution for document management, imaging, and workflow management.
price ($mm)
$2.16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/5/2017 via PR Newswire

Solera Holdings, Inc., acquired Colimbra B.V.

synopsis: Solera Holdings, Inc. ("Solera"), a global leader in data and software for automotive, home ownership and digital identity management, announced it has acquired Colimbra Holding B.V. ("Colimbra"), which specializes in intelligent data management software and services for the automotive insurance industry.
buyer parent: Vista Equity Partners
buyer: Solera Holdings, Inc. (SLH:$1,140.85)
Solera is a global leader in digital technologies that manage and protect life's most important assets: cars, homes and identities. Solera has grown aggressively with over 40 acquisitions across its Risk Management Solutions, Service Maintenance & Repair, and Customer Retention Management platforms."
target: Colimbra B.V.
Colimbra is an innovative IT company that develops, manages, implements and maintains software for the insurance industry. They are the partner of choice when it comes to process innovation, distribution solutions and practical automation solutions.
price ($mm)
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closed 5/4/2016 via PR Newswire

JDi Data Corporation, purchased Claims Dispatcher software from PH Claims, Inc.

synopsis: JDi Data Corporation announced the acquisition of Claims Dispatcher software from PH Claims, a Florida based provider of independent insurance software. The Claims Dispatcher software, which provides a mechanism to track subrogation efforts, assigns claims to independent adjusters and handles document transfers.
buyer: JDi Data Corporation
JDi Data has developed innovative solutions for professionals within the insurance, risk and legal communities. JDi continues to lead the marketplace with configurable and cost saving products that address the most challenging technological needs of their clients. "
seller: PH Claims, Inc.
PH Claims Inc.'s Claims Dispatcher software provides a mechanism to track subrogation efforts, assigns claims to independent adjusters and handles document transfers. PH Claims offers a wide selection of claims services and solutions, with up-to-date technologies for claims auditing and settlement.
price ($mm)
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closed 7/23/2015 via BNC Analysis

The Generali Group, acquired MyDrive Solutions

synopsis: The Generali Group announced that it has acquired MyDrive Solutions. The company is among the leading companies in the use of data analytics tools to profile driving styles with the aim of identifying innovative and tailor-made products for the customers and favourable tariffs for low risk drivers.
buyer: The Generali Group (BIT:G:$101,718.57)
The Generali Group is one of the most significant players in the global insurance and financial products market. It is primarily focused on the life segment. Its offer ranges from savings and family protection policies to unit-linked policies and complex plan for multinationals. "
target: MyDrive Solutions
MyDrive offers an end to end insurance capability. They are agnostic with respect to data collection device, and deliver highly accurate and granular driver profiles to the insurer.
price ($mm)
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closed 6/22/2015 via GlobeNewswire

ABT Holdings, acquired AutoClaim Inc.

synopsis: ABT Mining Co. announced that it has acquired “AutoClaim” Mobile App (the “App”), an advanced “Proprietary” real time Mobile Claims Documentation and Management System. The App will enhance customer service, streamline data management for effective decision making on claims, improve capital efficiency and provide many other benefits.
buyer: ABT Holdings (OTCPK:ABOT:$0.15)
ABT Holdings, also doing business as ABT Mining Co. Inc., is a diversified holding company engaged in investing, acquiring, developing, and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow. "
target: AutoClaim Inc.
“AutoClaim” Mobile App is an advanced proprietary Mobile Claims Documentation and Management System that will revolutionize multi-billion dollar auto insurance claim industry at an operational and strategic level.
price ($mm)
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announced 10/20/2014 via BusinessWire

Marsh LLC, will acquire Torrent Technologies, Inc.

synopsis: Marsh, a global leader in insurance broking and risk management, announced that it has signed a definitive agreement to acquire Torrent Technologies, Inc., a leading service provider to Write Your Own (WYO) insurers participating in the National Flood Insurance Program (NFIP).
buyer parent: Marsh & McLennan Companies, Inc.
buyer: Marsh LLC (:$0.00)
Marsh, the world’s leading insurance broker and risk advisor, teams with its clients to design, and deliver innovative solutions that help them protect their future. It has over 24,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. "
target parent: Century Capital Management, LLC
target: Torrent Technologies, Inc.
Torrent Technologies is a business services company that leverages contemporary technology to more effectively administer flood insurance policies and claims through the National Flood Insurance Program.
price ($mm)
rev ($mm)
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closed 9/5/2014 via BNC Analysis

Acturis Limited, acquired NAFI-Unternehmensberatung GmbH & Co. KG

synopsis: Acturis Group, a leading IT service provider to the Insurance Industry, has acquired German motor insurance software provider NAFI. NAFI is based in Höxter, Germany.
buyer: Acturis Limited
Acturis Ltd is a leading IT service provider to the Insurance Industry. They offer new technology to brokers and underwriters; creating unique solutions together with clients who are keen to improve their offer in the market; connecting different parties involved in the insurance process together. "
target: NAFI-Unternehmensberatung GmbH & Co. KG
NAFI-Unternehmensberatung GmbH & Co. KG develops software for motor insurance companies. The company is based in Höxter, Germany.
price ($mm)
rev ($mm)
$66
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 2/7/2018 via Company Press Release

Sapiens International Corporation N.V., will acquire Adaptik Corporation

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, entered into a definitive agreement to acquire Adaptik. Pennsylvania-based firm Adaptik offers P&C insurers policy administration and billing capabilities, for commercial, personal, specialty and workers’ compensation lines of business.
buyer parent: Formula Systems Ltd.
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to property and casualty/general insurance; life, pension and annuities; and reinsurance markets. "
target: Adaptik Corporation
Adaptik empowers P&C insurers to turn even the most complex products and lines into opportunities for sustainable growth. Their solutions for policy administration, rating, billing, customer management, task management and product design are intuitive, user-friendly and endlessly configurable.
price ($mm)
$22
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
announced 11/9/2020 via PR Newswire

Sapiens International Corporation N.V., will acquire TIA Technology A/S

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, will acquire Tia Technology, a leading vendor of digital software solutions, from EQT Mid Market. Tia offers comprehensive software solutions primarily for Property & Casualty insurers.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Israel-based Sapiens empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions, and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation, and financial markets. "
target parent: EQT AB
target: TIA Technology A/S
Headquartered in Denmark, Tia Technology is a leading vendor of digital software solutions. The company offers comprehensive software solutions primarily for Property & Casualty insurers as well as Life and Pension, Health, and several innovative extension modules.
price ($mm)
$78
rev ($mm)
$30
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
announced 7/28/2020 via PR Newswire

Sapiens International Corporation N.V., will acquire Delphi Technology, Inc.

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, will acquire Delphi Technology Inc., a leading vendor of software solutions for property & casualty carriers, with a focus on the medical professional liability/healthcare professional liability markets.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Israel-based Sapiens empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions, and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation, and financial markets. "
target: Delphi Technology, Inc.
Delphi Technology delivers software solutions that property & casualty insurers need to streamline operations, optimize their business processes, and respond to changing business needs. Delphi enables companies to reduce costs, increase operational efficiency, and improve business intelligence.
price ($mm)
$20
rev ($mm)
$15
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
announced 1/8/2020 via BNC Analysis

Sapiens International Corporation N.V., will acquire Sum.Cumo

synopsis: sum.cumo, the German insurtech company, has been acquired by Sapiens International Corporation, a global insurance software provide. sum.cumo enables traditional insurance companies to launch e-commerce components, consulting clients on user experience, marketing, and technology solutions.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital insurance software platforms and services for the property and casualty, life, pension and other markets. Their portfolio features policy administration, billing and claims, and more. "
target parent: Bayerische
target: Sum.Cumo
sum.cumo is a German insurtech company that enables traditional insurance companies to launch e-commerce components, consulting clients on user experience, marketing, and technology solutions.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/7/2018 via Company Press Release

Sapiens International Corporation N.V., will acquire Adaptik Corporation

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, entered into a definitive agreement to acquire Adaptik. Pennsylvania-based firm Adaptik offers P&C insurers policy administration and billing capabilities, for commercial, personal, specialty and workers’ compensation lines of business.
buyer parent: Formula Systems Ltd.
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to property and casualty/general insurance; life, pension and annuities; and reinsurance markets. "
target: Adaptik Corporation
Adaptik empowers P&C insurers to turn even the most complex products and lines into opportunities for sustainable growth. Their solutions for policy administration, rating, billing, customer management, task management and product design are intuitive, user-friendly and endlessly configurable.
price ($mm)
$22
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 1/3/2018 via Company Press Release

Sapiens International Corporation N.V., acquired KnowledgePrice

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, has acquired KnowledgePrice, a technology specialist with expertise in digital insurance services and consulting. The company’s expertise includes insurance enterprise architecture, system design, IT project management and programming.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to insurance, property and casualty, pension and annuities, reinsurance and retirement markets. "
target: KnowledgePrice
KnowledgePrice is a technology specialist with expertise in digital insurance services and consulting. The company’s expertise includes insurance enterprise architecture, system design, IT project management and programming around the insurance digital transformation journey.
price ($mm)
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announced 2/15/2017 via PR Newswire

Sapiens International Corporation N.V., will acquire StoneRiver, Inc.

synopsis: Sapiens International Corporation, a provider of software solutions for the insurance industry, with a growing presence in financial services, announced that it has entered into a definitive agreement to acquire privately held StoneRiver, Inc. StoneRiver delivers a wide range of solutions and services for the insurance industry in North America.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to insurance, property and casualty, pension and annuities, reinsurance and retirement markets. "
target: StoneRiver, Inc.
StoneRiver delivers the widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines.
price ($mm)
$102
rev ($mm)
$80
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
announced 6/7/2016 via PR Newswire

Sapiens International Corporation N.V., will acquire Maximum Processing Inc

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that it has entered into a definitive agreement for the acquisition of Maximum Processing, Inc., the software provider of the Stingray System, a property and casualty (P&C) insurance administration suite.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. "
target: Maximum Processing Inc
Maximum Processing offers the Stingray System, a modular, web-based, property and casualty insurance solution for policy, billing, claims, reinsurance administration, reporting and many other third-party interfaces.
price ($mm)
rev ($mm)
$6
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 7/28/2015 via PR Newswire

Sapiens International Corporation N.V., will acquire Insseco Ltd.

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that it has entered into a definitive agreement for the acquisition of Insseco Sp. Z o.o. The company is a software provider for the insurance market wholly-owned by Asseco Poland S.A.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. "
target parent: The Asseco Group
target: Insseco Ltd.
Insseco employs 140 IT specialists and its business is focused on the provision of services and development of software solutions for the commercial insurance industry. The company provides support in this area to miscellaneous customers of Asseco Poland based both in Poland and abroad.
price ($mm)
$9.10
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.8x
EV / EBITDA
announced 3/31/2015 via PR Newswire

Sapiens International Corporation N.V., will acquire IBEXI Solutions

synopsis: Sapiens, a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced it has signed a definitive agreement, subject to closing conditions, to acquire IBEXI Solutions, an India-based provider of insurance business and technology solutions.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers solutions to the global general insurance, property and casualty, life and annuities markets, among others."
target: IBEXI Solutions
IBEXI specializes in providing business and technology solutions across the insurance value chain, for the entire community - insurers, reinsurers, banks, agents, brokers, distributors and service providers - in all areas of insurance.
price ($mm)
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closed 7/30/2014 via PR Newswire

Sapiens International Corporation N.V., acquired Knowledge Partners International LLC

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced it has acquired Knowledge Partners International, a pioneer and recognized leader in decision management consultancy, services and training.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers solutions to the global general insurance, property and casualty, life and annuities markets, among others."
target: Knowledge Partners International LLC
Knowledge Partners International, LLC (KPI) has been a recognized leader in Business Rules services, solutions, and training since its inception in 1996. KPI was founded by Barbara von Halle who is one of the first pioneers to propose and practice the Business Rules Approach as it is defined today.
price ($mm)
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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:$367.96)
Sapiens International Corporation N.V. is a leading global provider of business solutions for the insurance industry, helping modernize business processes and enabling insurance organizations to adapt quickly to change. "
target: FIS Software, Ltd.
FIS Software develops packaged-based global insurance solutions that enable life insurance, pensions and investment companies to run their businesses more efficiently, and respond to territorial legislation and regulations.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/22/2011 via PR Newswire

IDIT I.D.I. Technologies Ltd. merged with Sapiens International Corporation N.V.,

synopsis: Sapiens International, a global provider of solutions for the insurance industry, announced the completion of the merger transaction with IDIT I.D.I. Technologies Ltd, a well-established solution providers for the insurance industry. The IDIT™ Software Suite integrates the business capabilities essential for any insurance provider.
buyer parent: Emblaze Ltd.
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation N.V. is a leading global provider of business solutions for the insurance industry, helping modernize business processes and enabling insurance organizations to adapt quickly to change. "
target parent: Formula Vision Technologies
target: IDIT I.D.I. Technologies Ltd.
IDIT Technologies is a global insurance software company that provides enterprise software solutions for the insurance & financial markets. The IDIT™ Software Suite is an enterprise insurance software product which integrates the business capabilities essential for any insurance provider.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / 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:$367.96)
Sapiens International Corporation N.V. is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. "
target: HarCase Software Ltd
Established in 2003, Harcase Software is dedicated to providing enterprise software development resources and products to the Property and Casualty insurance industry called RapidSure. The RapidSure suite was already embraced by several large carriers.
price ($mm)
$3.98
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/7/2018 via Company Press Release

Sapiens International Corporation N.V., will acquire Adaptik Corporation

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, entered into a definitive agreement to acquire Adaptik. Pennsylvania-based firm Adaptik offers P&C insurers policy administration and billing capabilities, for commercial, personal, specialty and workers’ compensation lines of business.
buyer parent: Formula Systems Ltd.
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Sapiens International Corporation is a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core solutions to property and casualty/general insurance; life, pension and annuities; and reinsurance markets. "
target: Adaptik Corporation
Adaptik empowers P&C insurers to turn even the most complex products and lines into opportunities for sustainable growth. Their solutions for policy administration, rating, billing, customer management, task management and product design are intuitive, user-friendly and endlessly configurable.
price ($mm)
$22
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
announced 12/5/2019 via GlobeNewswire

Verisk Analytics, Inc., will acquire Flexible Architecture and Simplified Technology, LLC

synopsis: Verisk, a leading data analytics provider, will acquire FAST, a leading software company for the life insurance and annuity industry. The acquisition of FAST will extend Verisk's offerings to the life insurance market as they build a comprehensive suite of innovative solutions to support insurer modernization.
buyer: Verisk Analytics, Inc. (NasdaqGS:VRSK:$2,748.00)
Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics provides first-to-market innovations that are integrated into customer workflows. "
target: Flexible Architecture and Simplified Technology, LLC
FAST, which stands for Flexible Architecture and Simplified Technology, is a leading software company for the life insurance and annuity industry. FAST focuses on solving challenges its financial services and insurance clients face as they seek to modernize or replace their systems environments.
price ($mm)
$194
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/27/2018 via Company Press Release

CNP Assurances, will acquire Quality Insurance Services

synopsis: CNP Patrimoine, CNP Assurances’ wealth management business for high-end clients, has announced that it is to acquire the Quality Insurance Services management platform which manages its contracts in France and Luxembourg. Quality Insurance Services is a platform specialised in managing high-end contracts.
buyer: CNP Assurances (ENXTPA:CNP:$52,814.71)
CNP Assurances is the leading personal insurer in France. It has more than 38 million personal protection policyholders worldwide and over 14 million in savings and pension plans. Insurer, co-insurer and reinsurer, CNP Assurances designs innovative retirement and savings solutions. "
target: Quality Insurance Services
Quality Insurance Services (QIS) is a platform specialised in managing high-end insurance contracts. Their PaaS (Process-as-a-Service) and SaaS (Software-as-a-Service) solutions provide services of life insurance policies administration
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2017 via PR Newswire

KeyLane B.V., acquired Schantz

synopsis: Keylane, supplier of SaaS solutions for the insurance and pension industry has acquired Schantz, a recognised leader of software solutions for financial institutions. With Schantz, Keylane has acquired a modern and innovative software platform that can be used in the transformation of the international life and pension market.
buyer: KeyLane B.V.
Keylane is a European supplier of modern, customer-centric, SaaS software to the insurance and pension industry. They help companies reduce cost, deliver new & innovative products to market fast and increase customer satisfaction. Their products include modular non-life, life and pension solutions. "
target: Schantz
Schantz provides financial software solutions to streamline the business processes of life & pension providers and the banking industry. Schantz products include Schantz Life for life and pensions, Schantz Valuation for insurance companies, and Schantz Advice for life & pension providers and banks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2017 via Company Press Release

iPipeline, Inc., acquired Resonant Software

synopsis: iPipeline announced the acquisition of Resonant, an emerging provider of Integrated Life Underwriting Solutions. The acquisition further expands iPipeline’s platform, moving them to the forefront of automated underwriting. Resonant’s self-service capabilities allow insurers to define, manage products, and operationalize underwriting guidelines.
buyer parent: Thoma Bravo, LLC
buyer: iPipeline, Inc.
iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through its SaaS solutions, it accelerates and simplifies insurance sales, compliance, operations and support. "
target: Resonant Software
Resonant offers process management and decision support applications for life insurance carriers that substantially improve the discipline and productivity of underwriting and new business operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/23/2016 via Market Wire

Ebix, Inc., acquired WDEV

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, announced that it has acquired Rio De Janeiro based WDev, with the goal of becoming the largest one-stop insurance software services provider in Brazil.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance industry. It provides solutions ranging from infrastructure exchanges and risk compliance solutions to custom software development for all entities involved in the insurance industry. "
target: WDEV
Rio De Janeiro based WDEV is a specialized software and services firm focused primarily on the insurance marketplace since 2012. The Company provides technology and operational consulting, Straight through processing services, and Software-as-a-Service (SaaS) products to the insurance industry.
price ($mm)
rev ($mm)
$11
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/11/2016 via BNC Analysis

Renovus Capital, acquired Image Process Design, LLC (IPD)

synopsis: Renovus Capital Partners announced the acquisition of Image Process Design, LLC (“IPD”). IPD is a software company headquartered in Bloomfield Hills, MI. IPD provides enterprise content management solutions to healthcare, insurance and financial companies, under its Ultera brand.
buyer: Renovus Capital
Renovus Capital Partners is an education-focused private equity fund. Renovus invests in small and mid-sized businesses within the education sector, including both educational institutions and companies that provide these institutions with technology, content and services. "
target: Image Process Design, LLC (IPD)
Founded in 1991, Image Process Design, Inc. (IPD) provides enterprise content management solutions to healthcare, insurance and financial companies, under its Ultera brand.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2007 via BusinessWire

SunGard Data Systems Inc., acquired DSPA Software Inc.

synopsis: SunGard has acquired DSPA Software Inc., a leading supplier of sales compensation and distribution management software to the insurance industry. DSPA Software Inc. will become part of SunGard’s insurance business.
buyer: SunGard Data Systems Inc.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. "
target: DSPA Software Inc.
DSPA Software Inc. offers FASAT, a comprehensive distribution management and incentive compensation management (ICM) software solution for the life insurance industry. FASAT helps customers to manage evolving distribution channels, support growing product lines, and improve operational efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2007 via BusinessWire

Skywire Software, acquired Integrated Insurance Technologies Corporation

synopsis: Skywire Software, a diversified enterprise software company, has acquired Integrated Insurance Technologies from SelectQuote, Inc., the nation's largest independent term life insurance brokerage, in an all cash transaction. IIT is a San Francisco, Calif.-based provider of software products and data exchange services to the life 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 parent: SelectQuote, Inc.
target: Integrated Insurance Technologies Corporation
Integrated Insurance Technologies Corporation is a leading provider of data exchange services and software products to the insurance industry. Customers include more than 50 major life insurance carriers, thousands of producers & agencies, and virtually all major service providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2006 via BusinessWire

Fiserv Insurance Solutions, acquired InsureWorx, Inc.

synopsis: Fiserv Inc. has acquired InsureWorx, a leading provider of core processing software solutions for workers' compensation, commercial property and casualty and risk administration organizations. InsureWorx, headquartered in Oakland, Calif., will become part of Fiserv Insurance Solutions.
buyer parent: Fiserv, Inc.
buyer: Fiserv Insurance Solutions
Fiserv Insurance Solutions specializes in progressive software and outsourcing solutions for the insurance industry. "
target: InsureWorx, Inc.
InsureWorx, a provider of browser-based software to the insurance industry. PowerSuite includes component-based, core-processing solutions for Workers’ Comp, Commercial P&C and Risk Administration lines of business covering full enterprise claims, billing, underwriting and policy administration.
price ($mm)
$35
rev ($mm)
$16
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 9/5/2006 via BusinessWire

Accenture, acquired NaviSys

synopsis: Accenture has completed its previously announced acquisition of NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry.
buyer: Accenture (ACN:$44,730.27)
Accenture is a global management consulting, technology services and outsourcing company. Accenture collaborates with clients to help them become high performance businesses and governments. "
target: NaviSys
NaviSys was founded on the belief that innovative technology, wisely applied, could help dramatically improve the way insurance companies operate. With a deep understanding of the insurance industry, NaviSys launched its first software products more than two decades ago.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/5/2011 via BusinessWire

Progress Software Corporation, acquired Corticon Technologies, Inc.

synopsis: Progress Software Corporation, a leading software provider that enables enterprises to be operationally responsive, announced that it has completed the acquisition of Corticon Technologies, Inc., a leading Business Rules Management System vendor that enables organizations to make better, faster decisions by automating business rules.
buyer: Progress Software Corporation (PRGS:$433.82)
Progress Software Corporation is an independent enterprise software company that enables businesses to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. "
target: Corticon Technologies, Inc.
Corticon Technologies is recognized as a leading Business Rules Management System vendor that enables organizations to make better, faster decisions by automating business rules. The company’s patented “no-coding” rules engine automates sophisticated decision processes.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2019 via Company Press Release

VITEC Software Group, acquired Wims

synopsis: Vitec Software Group AB (publ), the market leader for Vertical Market Software in the Nordic region, has acquired Web Insurance Management Systems AS (WIMS), a Norwegian software company focused on the insurance industry. WIMS offers a software solution that coordinates insurance products to enhance competitiveness and targeting.
buyer: VITEC Software Group (OM:VIT B:$161.42)
Vitec is a market leader for Vertical Market Software in the Nordic region. Based in Sweden, they develop and deliver standard niche software. Vitec's process combines with the employees' in-depth knowledge of customer's local market enables continuous improvement and innovation. "
target: Wims
Web Insurance Management Systems AS (WIMS) is a Norwegian software company focused on the insurance industry. WIMS offers an up-to-date enterprise suite, portal, and business intelligence solution that coordinates insurance products to enhance competitiveness and targeting.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
0.0x
EV / EBITDA
0.0x
closed 8/9/2017 via Company Press Release

CoreLogic, Inc., acquired Myriad Development, Inc.

synopsis: CoreLogic, a leading global property information, analytics and data-enabled solutions provider, announced it has expanded its strategic capabilities with insurance underwriting solutions provided by Myriad Development. Myriad Development specializes in business process management products and services.
buyer: CoreLogic, Inc. (CLGX:$1,739.51)
CoreLogic is a leading global property information, analytics and data-enabled services provider. They combine data from public, contributory and proprietary sources, providing coverage of property and other encumbrances, consumer credit, tenancy, location, hazard risk and performance information. "
target: Myriad Development, Inc.
Myriad Development specializes in business process management products and services for many of the nation’s largest insurance carriers, real estate companies and government agencies. The SaaS-based platform offers customers speed to market with little dependency on internal technical resourcing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2015 via BusinessWire

Towers Watson, acquired Brovada

synopsis: Towers Watson, a global professional services company, announced it has acquired Brovada, a Canadian insurance technology business. The company focuses on streamlining the communications between insurance agents and brokers, and property & casualty insurance carriers, and more.
buyer parent: KPMG International
buyer: Towers Watson (TW:$3,644.95)
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. "
target: Brovada
Brovada specializes in connectivity, integration, and business-process improvement for insurance brokers. Their capabilities include BMS integrations, broker portals (for real time PAS inquiries, new business submissions and policy changes), system conversions, and more.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/28/2020 via PR Newswire

Sapiens International Corporation N.V., will acquire Delphi Technology, Inc.

synopsis: Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, will acquire Delphi Technology Inc., a leading vendor of software solutions for property & casualty carriers, with a focus on the medical professional liability/healthcare professional liability markets.
buyer parent: The Asseco Group
buyer: Sapiens International Corporation N.V. (SPNS:$367.96)
Israel-based Sapiens empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions, and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation, and financial markets. "
target: Delphi Technology, Inc.
Delphi Technology delivers software solutions that property & casualty insurers need to streamline operations, optimize their business processes, and respond to changing business needs. Delphi enables companies to reduce costs, increase operational efficiency, and improve business intelligence.
price ($mm)
$20
rev ($mm)
$15
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
announced 11/12/2007 via BusinessWire

Dubai International Financial Centre, will acquire SmartStream Technologies

synopsis: DIFC Investments, the investment arm of the Dubai International Financial Centre, and TA Associates, a leading growth private equity and buyout firm, announced that DIFC Investments has agreed to acquire SmartStream Technologies, the UK based software licensing and professional services business.
buyer: Dubai International Financial Centre
The Dubai International Financial Centre, which acts as a gateway for international capital flows between Western Europe and East Asia, was established as an onshore hub for global finance. More than 450 firms have joined the DIFC. "
target parent: TA Associates
target: SmartStream Technologies
SmartStream Technologies Limited provides transaction lifecycle management solutions. The company offers software solutions that bring automation and control to the middle and back office.
price ($mm)
$200
rev ($mm)
$47
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
closed 11/6/2007 via BusinessWire

Cordys, acquired abaXX Technology AG

synopsis: Cordys, a leading provider of Business Process Management Suite technology, announced the acquisition of abaXX Technology AG, a leading German-based provider of BPM and vertical industry process-enabled solutions. This acquisition enables Cordys to rapidly grow its presence in the German market with a proven team and strong customer base.
buyer: Cordys
Cordys provides an industry-leading Business Process Management Suite to Global 2000 companies. Cordys’ unique SOA-based solution enables customers to design, execute, monitor and improve business processes more rapidly, with better performance, and with greater adaptability than any other solution."
target: abaXX Technology AG
abaXX Technology AG provides complete Internet-based, platform-independent solutions for information management, portals, customization and process optimization. These products are easy to implement, adapt and extend.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2006 via BusinessWire

TA Associates, acquired SmartStream Technologies

synopsis: SmartStream Technologies, the market leading provider of Transaction Lifecycle Management solutions, announced that TA Associates has completed its buyout of the firm from SmartStream's previous majority shareholder 3i. TA Associates is one of the world's leading buyout and private equity firms.
buyer: TA Associates
Founded in 1968, TA Associates is one of the largest and most experienced private equity firms. The firm has invested in nearly 400 companies and manages more than $16 billion in capital. "
target parent: 3i Group Plc
target: SmartStream Technologies
SmartStream Technologies Limited provides transaction lifecycle management solutions. The company offers software solutions that bring automation and control to the middle and back office.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/14/2021 via GlobeNewswire

Applied Systems Inc., will acquire EZLynx

synopsis: Applied Systems announced that it has entered into a definitive agreement to acquire EZLynx, a company that develops industry-leading cloud-based software for the insurance industry. Their software has helped independent agents operate their businesses more effectively for over ten years.
buyer parent: Hellman & Friedman LLC
buyer: Applied Systems Inc.
Applied Systems is the leading provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, it is the world’s largest provider of agency and brokerage management systems. "
target: EZLynx
EZLynx develops industry-leading cloud-based software for the insurance industry. Their software has helped independent agents operate their businesses more effectively for over ten years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Brovada

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abaXX Technology AG

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EZLynx

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