Like Fintechnix

closed 6/1/2012 via GlobeNewswire

Ebix, Inc., acquired Fintechnix

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that its Australian operation has acquired Fintechnix, a leading supplier of web based straight through processing solutions to the Australian Life Insurance and Wealth Management sectors.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: Fintechnix
Founded in 1992, Sydney based Fintechnix is an Australian information technology company that has been delivering enterprise-wide innovation to the front and back office operations of financial services companies in Australia.
price ($mm)
$5.08
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 5/11/2022 via PR Newswire

Cogitate, acquired Axiom Inc.

synopsis: Cogitate has acquired Axiom, a claims & billing software provider for Property and Casualty Insurance. With this acquisition, Cogitate will offer full stack, cloud native digital underwriting, distribution, billing and claims solutions within its DigitalEdge insurance platform.
buyer: Cogitate
Cogitate is a full stack, cloud native digital underwriting and distribution software provider for the property & casualty insurance industry. They develop innovative products and solutions to transform insurance business models to create a competitive advantage in a time of rapid industry change. "
target: Axiom Inc.
Axiom is a company serving exclusively the property and casualty insurance community with focus on claims and billing software. Axiom helps clients identify and capitalize on their most important business and technological opportunities, and provides solutions to their most critical challenges.
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closed 5/19/2021 via BNC Analysis

FE FundInfo (UK) Limited, acquired Cash Calc Ltd

synopsis: FE FundInfo has acquired cashflow planning provider CashCalc. CashCalc will continue to be offered as a stand-alone product. Founded by advisers in Newport in 2014, CashCalc has quickly established itself as one of the main planning and forecast tools for IFAs (Independent Financial Advisers) in the UK.
buyer parent: HgCapital
buyer: FE FundInfo (UK) Limited
Trusted by the hundreds of thousands of investors, asset managers and platforms who use FE data, software and investment advice every day, FE is the UK's leading investment ratings and research agency. They help finance professionals make the most of their data and connect with their clients. "
target: Cash Calc Ltd
CashCalc is a UK-based cashflow planning provider. CashCalc provides Onboarding, Integrations and Cashflow Modelling software designed to help the entire financial planning process.
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closed 5/12/2021 via PR Newswire

Investcloud Inc., acquired Advicent Solutions

synopsis: InvestCloud, the global leader in cloud-based financial digital solutions, has announced a strategic acquisition of Advicent, the premier cash flow, trust and tax financial planning provider. Advicent provides financial planning technology for over 140,000 financial professionals across nearly 3,000 firms worldwide.
buyer: Investcloud Inc.
InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. InvestCloud offers on-demand client experiences using an ever-expanding library of modular apps, resulting in powerful products. "
target parent: Vista Equity Partners
target: Advicent Solutions
Advicent provides financial planning technology for over 140,000 financial professionals across nearly 3,000 firms worldwide. Through its NaviPlan platform, Advicent creates scalable financial planning software through industry-leading APIs as well as cash flow and goal-based planning engines.
price ($mm)
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announced 2/2/2021 via PR Newswire

Clearlake Capital Group, L.P., Motive Partners, will acquire Investcloud Inc.

synopsis: Motive Partners, a specialist private equity firm, and Clearlake Capital Group, L.P, a sector-focused investor that partners with world-class management teams, will acquire 80% of InvestCloud, a modular, enterprise-grade digital wealth & investment management software solutions platform. 
buyer: Clearlake Capital Group, L.P.
buyer: Motive Partners
Motive Partners is a specialist private equity firm focusing on growth equity and buyout investments in software and information services companies. Clearlake Capital is a leading investment firm operating integrated businesses across private equity, credit and other related strategies. "
target: Investcloud Inc.
InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. InvestCloud offers on-demand client experiences using an ever-expanding library of modular apps, resulting in powerful products.
price ($mm)
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announced 12/14/2020 via BusinessWire

MassMutual, will acquire Flourish Cash

synopsis: MassMutual is to acquire Flourish, a company that aims to be an industry leader in building technology to empower financial advisors, improve financial lives and retirement outcomes, and deliver new and innovative investment options. The Flourish platform is used by more than 350 wealth management firms.
buyer: MassMutual
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, retirement plans and other employee benefits. "
target parent: Stone Ridge Asset Management
target: Flourish Cash
Flourish aims to be an industry leader in building technology to empower financial advisors, improve financial lives and retirement outcomes, and deliver new and innovative investment options. The Flourish platform is used by more than 350 wealth management firms.
price ($mm)
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closed 6/25/2020 via BusinessWire

Insurity, Inc, acquired Epic-Premier Insurance Solutions

synopsis: Insurity, Inc., a provider of cloud-based core system solutions and for the world’s largest insurers, has acquired Florida-based Epic-Premier Insurance Solutions, Inc. Epic-Premier Insurance Solutions delivers automation tools to the program manager, wholesale broker, and carrier markets of the insurance industry.
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 (managing general agent). Through its best-in-class digital platform, Insurity is trusted by 15 of the top 25 property/casualty carriers in the US. "
target: Epic-Premier Insurance Solutions
Epic-Premier Insurance Solutions is a technology and consulting solution provider that delivers automation tools and services to the program manager, wholesale broker, and carrier markets of the insurance industry. Epic-Premier offers the ConceptOne™ suite claims management software.
price ($mm)
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announced 5/1/2020 via PR Newswire

SS&C Technologies, Inc., will acquire Innovest Systems, LLC

synopsis: SS&C Technologies Holdings, Inc., a global provider of investment and financial software-enabled services and software, announced it has entered into a definitive agreement to acquire Innovest Systems, a company that builds systems for trust accounting, payments and unique asset servicing on modern, web-based technology.
buyer: SS&C Technologies, Inc. (SSNC:$5,112.60)
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. "
target parent: Bluff Point Associates
target: Innovest Systems, LLC
Innovest is a leading provider of financial technology solutions delivered to trust, wealth management, and retirement professionals. Their solutions empower clients to acquire new customers, invest assets effectively, manage trust & investment portfolios efficiently, & report results to customers.
price ($mm)
$120
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2019 via Company Press Release

Crosskey Banking Solutions Ab Ltd, acquired Model IT Oy

synopsis: Crosskey, a leading supplier of services and systems to the Nordic financial industry focusing on banks, card issuers, asset managers and fund managers, has acquired all shares in the Finnish software company Model IT. Based in Finland, Model IT provides innovative software solutions and advisory services in the financial sector.
buyer parent: Ålandsbanken
buyer: Crosskey Banking Solutions Ab Ltd
Crosskey combines big-league IT capabilities with flexibility, engagement and a personal touch. They make it easier to create new revenue from financial services, getting users to market faster with the right offering. They have offices in Mariehamn, Stockholm, Helsinki and Turku. "
target: Model IT Oy
Based in Finland, Model IT provides innovative software solutions and advisory services in the financial sector. They work with asset managers, insurance companies and banks. Their main focus is in two products OneFactor – Wealth Management Platform and cFrame – Financial Modelling Framework.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/23/2019 via BNC Analysis

Bravura Solutions Limited, acquired Midwinter Financial Services

synopsis: ASX-listed financial software vendor Bravura Solutions has acquired financial planning software-as-a-service provider Midwinter. Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
buyer: Bravura Solutions Limited (:$194.13)
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification. "
target: Midwinter Financial Services
Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds.
price ($mm)
$34
rev ($mm)
EBITDA ($mm)
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announced 8/14/2019 via BNC Analysis

Octopus Capital Ltd, will acquire Seccl Technology Limited

synopsis: London-based Octopus Group, a financial services and energy firm, will acquire Seccl Technology Limited. Based in Bath, Seccl uses its open API custody solution to help financial advisers, wealth managers, discretionary fund managers, and fintechs deliver faster, cheaper, and more flexible platform solutions to manage and administer clients’ money.
buyer: Octopus Capital Ltd
Octopus is a group of entrepreneurially-minded businesses and is one of the UK’s fastest-growing companies, operating in two sectors—financial services and energy supply. Octopus has over 750,000 customers, and their investments have put more than £8 billion into the UK economy. "
target: Seccl Technology Limited
UK-based Seccl provides a Software as a Service technology solution for businesses authorised to manage client money including Stockbrokers, Platforms, and Discretionary Wealth Managers. Seccl also offers outsourced custody services for Discretionary Fund Managers, Wealth Managers, Adviser and more.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 5/30/2019 via Company Press Release

Silverfleet Capital, will acquire Microgen Financial Systems

synopsis: Aptitude Software Group, leading provider of business-critical software and services, has entered into an agreement to sell its wholly-owned subsidiary, Microgen Financial Systems ("MFS"), to Moscow Bidco Limited, a private limited company controlled by Silverfleet Capital. MFS develops and implements its software for the financial services sector.
buyer: Silverfleet Capital
Silverfleet Capital is a leading, independent, European private equity firm specialising in mid-market buyouts. They utilise this expertise to help their portfolio companies make bolt-on acquisitions and to achieve strong organic growth. "
target parent: Aptitude Software Group plc
target: Microgen Financial Systems (LSE:MCGN:$46.57)
Microgen Financial Systems develops, implements and supports its own market-leading software for the financial services sector. They offer a range of financial services technology systems focused on the global Wealth Management sector and also provides Application Management services.
price ($mm)
$65
rev ($mm)
$23
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
closed 5/15/2019 via BNC Analysis

Midwinter Financial Services, acquired InvestmentLink

synopsis: Midwinter, an Australian financial advice technology company, has acquired InvestmentLink from AllMyFunds, an Australian private holding company. InvestmentLink is an Australian technology solutions provider that helps financial services organisations interact and transact with their distribution channels, partners and customers.
buyer: Midwinter Financial Services
Midwinter is an Australian financial advice technology company. Midwinter provides cutting edge financial planning software packages for the financial services and superannuation industries. Their clients include banks, government institutions, superannuation funds, and small independent practices. "
target parent: All My Funds
target: InvestmentLink
InvestmentLink is an Australian technology solutions provider that helps financial services organisations interact and transact with their distribution channels, partners and customers. Their platform allows users to connect to over 300 funds, platforms, wraps, banks and credit card providers.
price ($mm)
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closed 5/1/2019 via BusinessWire

Envestnet, Inc., acquired MoneyGuide Pro

synopsis: Envestnet, a leading provider of intelligent systems for wealth management and financial wellness, acquired PIEtech, Inc., the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
buyer: Envestnet, Inc. (ENV:$1,232.78)
Envestnet, Inc. is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives. "
target: MoneyGuide Pro
PIEtech, Inc. is the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a leading goals-based financial planning application used by financial advisors.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 2/7/2019 via PR Newswire

Solera Holdings, Inc., acquired in4mo Oy

synopsis: Solera Holdings, Inc., a global leader in intelligent data and software as a service (SaaS) to manage and secure the automotive, light and heavy truck fleet, home and identity ecosystems, has acquired in4mo Oy , a Nordic leading provider of SaaS-based software and services to the property structure insurance and repair professional marketplaces.
buyer parent: Vista Equity Partners
buyer: Solera Holdings, Inc. (SLH:$1,140.85)
Solera is a global leader in digital technologies that manage and protect life's most important assets: cars, homes and identities. Solera has grown aggressively with over 40 acquisitions across its Risk Management Solutions, Service Maintenance & Repair, and Customer Retention Management platforms."
target: in4mo Oy
in4mo is a leading property claims solution provider in the Nordics, providing an end-to-end property structural claims adjustment platform to insurers and repair service companies that facilitates claim processing from first notice of loss to repair fulfillment and payment.
price ($mm)
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closed 12/8/2016 via BusinessWire

Insurity, Inc, acquired Systema Software

synopsis: Insurity, Inc., an industry leading provider of core insurance processing and data integration, and analytics solutions, announced its acquisition of Systema Software. Systema’s claims management system, SIMS Claims, is an innovative, award-winning system that is well regarded by its clients and industry experts.
buyer: Insurity, Inc
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity’s core processing applications and data integration and analysis solutions are backed by rich insurance expertise. "
target: Systema Software
Systema Software provides flexible, comprehensive solutions and services to the insurance industry. Its flagship product, SIMS Claims, is an innovative, browser-based property and casualty claims administration system.
price ($mm)
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closed 8/4/2016 via PR Newswire

Solera Holdings, Inc., acquired Enservio, Inc.

synopsis: Solera Holdings, Inc., a global leader in cognitive technologies for the automotive and home ownership ecosystems, announced that it has completed the acquisition of Enservio, Inc., the largest U.S. provider of SaaS-based software and services to the property contents insurance marketplace.
buyer parent: Vista Equity Partners
buyer: Solera Holdings, Inc. (SLH:$1,140.85)
Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 75 countries across six continents with companies including: Audatex, HPI, CarweB, Informex and many more."
target: Enservio, Inc.
Enservio offers the industry's most robust contents software platform as well as world-class contents claims services that bring value to the entire spectrum of contents claims management. Insurance carriers rely on the Enservio platform to achieve the highest quality business outcome.
price ($mm)
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closed 6/30/2016 via BusinessWire

TIAA, acquired MyVest Corporation

synopsis: TIAA, a leading provider of financial services, announced that it has acquired MyVest, a pioneer in holistic wealth management technology. Headquartered in San Francisco, MyVest provides scalable, customized wealth management services on a single unified platform for financial institutions.
buyer: TIAA
TIAA is a unique financial partner. TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services. "
target: MyVest Corporation
MyVest is a pioneer in holistic wealth management technology for financial institutions. MyVest's core offering is the Strategic Portfolio System™ (SPS), a cloud-based platform that enables client-centric wealth management across the entire enterprise in a single, unified system.
price ($mm)
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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
closed 4/13/2016 via GlobeNewswire

ExamWorks, Inc., acquired Prizm LLC

synopsis: ExamWorks Group, Inc. announced that the Company completed the acquisition of substantially all of the assets of Marlton, New Jersey-based Prizm LLC ("Prizm"), a provider of independent medical examinations (IME), peer reviews, bill reviews and related IME services primarily to the automotive market.
buyer: ExamWorks, Inc. (EXAM:$819.57)
ExamWorks, Inc. is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance service and IME-related services to the insurance and legal industries, third-party administrators, self-insured parties and federal and state agencies. "
target: Prizm LLC
New Jersey-based Prizm LLC is a provider of independent medical examinations (IME), peer reviews, bill reviews and related IME services primarily to the automotive market. Prizm is a foremost provider of leading-edge technology and customer service to the medical management industry.
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closed 6/1/2012 via GlobeNewswire

Ebix, Inc., acquired Fintechnix

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that its Australian operation has acquired Fintechnix, a leading supplier of web based straight through processing solutions to the Australian Life Insurance and Wealth Management sectors.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: Fintechnix
Founded in 1992, Sydney based Fintechnix is an Australian information technology company that has been delivering enterprise-wide innovation to the front and back office operations of financial services companies in Australia.
price ($mm)
$5.08
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/15/2019 via Company Press Release

EbixCash, will acquire Trimax IT Infrastructure and services Ltd.

synopsis: Ebix, Inc. has entered into a LOI to acquire the assets of Trimax, a leading provider of IT Services including Connectivity, Data Centre, Cloud Services, IMS & System Integration. Trimax will become a part of EbixCash’s Bus Exchange and Financial Technologies business in India.
buyer parent: Ebix, Inc.
buyer: EbixCash
An Ebix Group initiative, EbixCash is one of the leading Financial Exchanges in India. EbixCash has established an Enterprise Financial Exchange portfolio that encompasses leadership in digital payments solutions, money transfer services, travel, insurance and corporate & incentive solutions. "
target: Trimax IT Infrastructure and services Ltd.
Established in 1995, Trimax is a leading provider of IT Services including Connectivity, Data Centre, Cloud Services, IMS & System Integration. Trimax is also a leader in providing industry specific solution in Transportation, Mobility & Co-operative Banking.
price ($mm)
$10
rev ($mm)
$30
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
announced 7/17/2019 via GlobeNewswire

Yatra Online Private Limited will be merged with Ebix, Inc.,

synopsis: Ebix, Inc. and Yatra Online, Inc. announced that they have entered into a definitive agreement under which Ebix will acquire Yatra via merger. Yatra is India's leading Corporate Travel services provider with over 800 Corporate customers and one of India's leading online travel companies and operates the website Yatra.com.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: Yatra Online Private Limited (YTRA:$135.69)
Yatra Online, Inc is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services provider with over 800 Corporate customers and one of India's leading online travel companies and operates the website Yatra.com.
price ($mm)
$338
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 2/14/2019 via GlobeNewswire

Ebix, Inc., acquired Zillious

synopsis: Ebix, Inc. has announced that one of its subsidiaries in India has acquired an 80% controlling stake in India based Zillious Solutions. Zillious is an on-demand SaaS travel technology solution, with market leadership in the corporate travel segment in India.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: Zillious
Zillious is an on-demand SaaS travel technology solution, with market leadership in the corporate travel segment in India. The Zillious Exchange processes over 8 Million travel bookings annually, which conducting Gross Merchandise value of approximately $1.4 billion per annum.
price ($mm)
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closed 12/6/2018 via GlobeNewswire

EbixCash, acquired AHA Taxis

synopsis: Ebix, Inc. announced that one of its India-based subsidiaries, EbixCash, has acquired a 70 percent stake in AHA Taxis, a platform for on-demand inter-city cabs in India. EbixCash is one of the leading Financial Exchanges in India.
buyer parent: Ebix, Inc.
buyer: EbixCash
An Ebix Group initiative, EbixCash is one of the leading Financial Exchanges in India. EbixCash has established an Enterprise Financial Exchange portfolio that encompasses leadership in digital payments solutions, money transfer services, travel, insurance and corporate & incentive solutions. "
target: AHA Taxis
AHA Taxis is a leading online outstation taxi company for booking outstation taxis across different cities in India. Started with the vision of making outstation taxi booking easier and affordable for the masses, AHA Taxis has been positively changing the dynamics of outstation taxi market in India.
price ($mm)
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announced 9/4/2018 via GlobeNewswire

Ebix, Inc., will acquire MilesSoftware

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services, announced that one of its Indian subsidiaries has signed the agreement to acquire Miles Software, India’s Leading wealth and asset management on-demand software provider to banks, asset managers and wealth management firms.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: MilesSoftware
Miles is India’s Leading wealth and asset management on-demand software provider to banks, asset managers and wealth management firms, besides having 300+ financial service customers across 18 different countries in Europe, Middle East and South-East Asia.
price ($mm)
$19
rev ($mm)
$8
EBITDA ($mm)
$1
EV / rev
3.4x
EV / EBITDA
43.0x
announced 8/2/2018 via Company Press Release

Ebix, Inc., will acquire Leisure Corp.

synopsis: Ebix, Inc., a supplier of software and e-commerce solutions to the insurance industry, will acquire Leisure Corp., an Indian Events related travel space (MICE) & Luxury Trains company that focuses on insurance and financial sector clients. Leisure Corp. offers solutions for Meetings, Conferences, Exhibitions, Incentives, and more.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: Leisure Corp.
Leisure Corp. is an Indian Events related travel space (MICE) & Luxury Trains company that focuses on insurance and financial sector clients. They offer solutions for Meetings, Conferences or Conventions; Exhibitions, Events or Entertainment; Rewards or Incentives; and luxury holiday experiences.
price ($mm)
$14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2018 via GlobeNewswire

Ebix, Inc., acquired Indus

synopsis: Ebix, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and e-learning industries, announced that it has acquired India based Indus Software Technologies, a global provider of enterprise Lending software solutions to financial institutions, captive auto finance and telecom companies.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target parent: Black Dragon Capital, LLC
target: Indus
Indus offers a specialized suite of products and technology solutions for Banking & Finance, Telecom and Insurance Industries. The Company’s innovative enterprise level loan origination, receivables management and debt management solutions are trusted by over 100 plus clients.
price ($mm)
$24
rev ($mm)
$22
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
announced 4/19/2018 via Company Press Release

Ebix, Inc., will acquire Smartclass Educational Services Private Limited

synopsis: Ebix, an international supplier of On-Demand software and E-commerce services, will acquire a 60% stake in Smartclass Educational, an e-learning and education company in India. Smartclass offers a repository of digital media content for grades K-12. The repository offers animated video lessons, interactive maps, printable worksheets, and more.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: Smartclass Educational Services Private Limited
Smartclass Educational is a leading e-learning and education company in India. Smartclass offers a repository of digital media content for grades K-12. The repository offers 2D and 3D animated video lessons, interactive maps, teacher presentations, printable worksheets, home assignments, and more.
price ($mm)
$8.00*
rev ($mm)
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closed 1/2/2018 via GlobeNewswire

Ebix, Inc., acquired Via.com

synopsis: Leading insurance exchange Ebix has announced its Singapore arm has completed the acquisition of Via.com. Via.com is an India-based online travel company. The company’s integrated online platform offers Insurance, Prepaid Gift Cards & Retail Products, besides Domestic & International Air, Hotel & Holidays, Rail, Bus and Rental Car bookings.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a supplier of software and e-commerce solutions to the insurance industry. Ebix offers application software products for the insurance industry ranging from carrier systems and agency systems to custom software development for all entities involved in the insurance and financial industries. "
target: Via.com
Via.com is an India-based online travel company. The company’s integrated online platform offers mobile Phone Recharges, Money Transfer, Insurance, Prepaid Gift Cards & Retail Products, besides Domestic & International Air, Hotel & Holidays, Rail, Bus and Rental Car bookings.
price ($mm)
$75
rev ($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 3/3/2015 via GlobeNewswire

A.D.A.M., Inc., acquired Via Media Health

synopsis: Ebix, Inc., a leading supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced that it has acquired Via Media Health, one of India's leading health content & communication companies. Via Media Health will be immediately integrated into its A.D.A.M. Health Information Exchange Division.
buyer parent: Ebix, Inc.
buyer: A.D.A.M., Inc. (ADAM:$0.00)
Founded in 1990, A.D.A.M., Animated Dissection of Anatomy for Medicine, has been a worldwide leading provider of consumer health information and benefits technology solutions to health care organizations, hospitals, benefits brokers, employers, consumers, and educational institutions. "
target: Via Media Health
Via Media Health is a 13 years old communication, consulting, and networking organization focused on innovative health communication solutions in India.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/2/2014 via GlobeNewswire

Ebix, Inc., acquired Oakstone Publishing

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced that it has acquired Alabama-based Oakstone Publishing, LLC, a leading provider of continuing education, certification materials for physicians, dentists and allied healthcare professionals.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance industry. It provides solutions ranging from infrastructure exchanges and risk compliance solutions to custom software development for all entities involved in the insurance industry. "
target parent: BV Investment Partners
target: Oakstone Publishing
Oakstone Publishing, LLC, an innovative learning company, excels at providing nonbiased, multimedia continuing education and certification materials for physicians, dentists and allied healthcare professionals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2014 via GlobeNewswire

Ebix, Inc., acquired VERTEX

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced that it has acquired Connecticut based VERTEX, Incorporated. VERTEX services include Business and IT Consulting, Migrations, Conversions, Integrations and Business Process Automation.
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: VERTEX (VRTX:$7,887.02)
VERTEX has been providing innovative products and business and technical solutions to the financial and insurance services industry since 1991. VERTEX services include Business and IT Consulting, Migrations, Conversions, Integrations and Business Process Automation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/27/2014 via GlobeNewswire

A.D.A.M., Inc., acquired HealthCare Magic Pvt. Ltd.

synopsis: Ebix, Inc. announced that it has acquired Healthcare Magic – a medical advisory service with an online network of approximately 15,000 General Physicians and Surgeons spread across 50 specialties including alternative medicine. Ebix will integrate the services from this acquisition into its A.D.A.M. Health Division.
buyer parent: Ebix, Inc.
buyer: A.D.A.M., Inc. (ADAM:$0.00)
A.D.A.M. is a leading provider of consumer health information and benefits technology solutions to healthcare organizations, benefits brokers, employers, consumers, and educational institutions. "
target parent: Accel Partners
target: HealthCare Magic Pvt. Ltd.
Healthcare Magic is a medical advisory service with an online network of approximately 15,000 General Physicians and Surgeons spread across 50 specialties including alternative medicine.
price ($mm)
$6.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 6/20/2013 via GlobeNewswire

Goldman Sachs & Co., cancelled an acquisition of Ebix, Inc.

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement.
buyer: Goldman Sachs & Co. (GS:$58,982.00)
Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Goldman Sachs' Principal Investment Area has formed 12 investment vehicles aggregating $35 billion of capital to date. "
target: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
price ($mm)[EV]
$746 [$780]
rev ($mm)
$208
EBITDA ($mm)
$87
EV / rev
3.9x
EV / EBITDA
9.3x
announced 4/8/2013 via GlobeNewswire

Ebix, Inc., will acquire Qatarlyst

synopsis: The Qatar Financial Centre Authority announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited. The QFCA believes that Qatarlyst's divestment to Ebix, Inc. is the best option to leverage Qatarlyst's capabilities.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target parent: Qatar Financial Centre Authority
target: Qatarlyst
Qatarlyst is a trading service for the global insurance and reinsurance industry. It provides a complete set of screens, processes and workflow to support quotation, signing and endorsements for all types and classes of commercial insurance and facultative and treaty reinsurance business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2012 via BNC Analysis

Ebix, Inc., acquired TriSystems Ltd.

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London based TriSystems Ltd., a leading online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance companies.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: TriSystems Ltd.
TriSystems is the leading online Exchange messaging service for the London commercial and reinsurance industry. The TriSystems products and services enable efficient and cost-effective communication between Underwriters and Brokers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/11/2012 via GlobeNewswire

Ebix, Inc., acquired Planetsoft

synopsis: Ebix, Inc., an international supplier of On-Demand software and E-commerce services to the insurance industry, announced that the acquisition of PlanetSoft, Inc. was completed. PlanetSoft has grown rapidly to be recognized as a major technology provider addressing mission critical processes in the Life and P&C segments of the insurance industry.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: Planetsoft
PlanetSoft utilizes its process management framework, Planet Interact, to deliver customized straight-through-processing solutions for the new business origination, underwriting, and administration of insurance and financial services products.
price ($mm)
$40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2012 via GlobeNewswire

Ebix, Inc., acquired Fintechnix

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that its Australian operation has acquired Fintechnix, a leading supplier of web based straight through processing solutions to the Australian Life Insurance and Wealth Management sectors.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: Fintechnix
Founded in 1992, Sydney based Fintechnix is an Australian information technology company that has been delivering enterprise-wide innovation to the front and back office operations of financial services companies in Australia.
price ($mm)
$5.08
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/2/2012 via GlobeNewswire

Ebix, Inc., will acquire Taimma Communications Inc.

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has signed an agreement to acquire Montreal based Taimma Communications Inc., a leading provider of innovative E-Learning medical education solutions to the pharmaceutical, biotechnology and healthcare industries.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: Taimma Communications Inc.
Taimma Communications Inc., is a leading provider of innovative E-Learning medical education solutions to various constituents of the healthcare industry. It develops learning programs to meet the unique needs of the biomedical and pharmaceutical industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 6/20/2013 via GlobeNewswire

Goldman Sachs & Co., cancelled an acquisition of Ebix, Inc.

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement.
buyer: Goldman Sachs & Co. (GS:$58,982.00)
Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Goldman Sachs' Principal Investment Area has formed 12 investment vehicles aggregating $35 billion of capital to date. "
target: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
price ($mm)[EV]
$746 [$780]
rev ($mm)
$208
EBITDA ($mm)
$87
EV / rev
3.9x
EV / EBITDA
9.3x
closed 7/12/2022 via BusinessWire

AgencyBloc, acquired FormFire

synopsis: AgencyBloc, a leading agency management system (AMS) provider for independent insurance agencies, has acquired FormFire, a leader in quoting and enrollment for small-group benefits and medical health questionnaire data collection for carrier underwriting.
buyer: AgencyBloc
AgencyBloc is the #1 agency recommended management system, helping insurance agencies secure and grow their business with an industry-specific CRM, a unique commissions processing module and an integrated marketing automation and sales pipeline tool. "
target: FormFire
FormFire is the country's leading provider of digital online processes for the paperbound world of small-group health insurance quoting, sold case installation, and group renewal for employees and employers, brokers and carriers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2019 via PR Newswire

Arthur J. Gallagher & Co, acquired Direct To PolicyHolder

synopsis: Arthur J. Gallagher & Co. has acquired The Doyle Group, Inc. and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). DTPH is an e-commerce affinity platform focused on the efficient acquisition, conversion and retention of professional liability (E&O) insurance policyholders in the allied healthcare and wellness fields.
buyer: Arthur J. Gallagher & Co (AJG:$8,209.40)
Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm. It has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants. "
target parent: The Doyle Group
target: Direct To PolicyHolder
Direct to PolicyHolder provides insurers a modular suite of customer acquisition, retention, and management solutions. By leveraging integrated direct response marketing protocols with advanced analytics, DTPH enables insurer partners to deliver significant operational efficiencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/15/2019 via BNC Analysis

Certua Group Limited, acquired Surely Services Ltd

synopsis: Certua, a data-driven financial technology company in the UK, has acquired the Surely Group, a leading insurtech business in the UK that builds cloud-based software platforms for the insurance industry. Surely's platforms enable insurers and brokers to transact online with their customers.
buyer: Certua Group Limited
Certua is a data-driven financial technology company in the UK. Certua offers a digital life insurance platform for financial advisers. The platform allows financial advisers to provide their clients with easy, transparent, and price competitive modern protection solutions. "
target: Surely Services Ltd
Surely is a leading insurtech business in the UK that builds cloud-based software platforms for the insurance industry. Surely's platforms enable insurers and brokers to transact online with their customers. Their system allows users to obtain quotes and buy insurance products online.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/26/2020 via PR Newswire

Polygon International AB, will acquire Hiotlabs AB

synopsis: Polygon has signed an agreement to acquire Hiotlabs AB. Hiotlabs is a Swedish based company offering market leading technology solutions based on Internet of Things and Machine Learning. The solutions consist of sensors and software platform, with the purpose of detecting and preventing water damages in buildings.
buyer: Polygon International AB
Polygon is the European market leader in property damage restoration, serving a range of sectors including insurance, property management, government and industrial clients. "
target: Hiotlabs AB
Hiotlabs is a Swedish based company offering market leading technology solutions based on Internet of Things and Machine Learning. The solutions consist of sensors and software platform, with the purpose of detecting and preventing water damages in buildings.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2021 via BNC Analysis

Concirrus, acquired Spark Insights

synopsis: Concirrus, a UK-based insurance technology company, has acquired Spark Insights Inc. from Allied Minds plc, an IP commercialisation company. Spark Insights is an advanced analytics company focused on the insurance industry. Their AI-powered platform provides solutions for risk assessment, underwriting, and claims automation.
buyer: Concirrus
Concirrus is a UK-based insurance technology company. Concirrus offers a next generation decision platform that helps insurance organisations to capture the value of data available from the Internet of Things. Their solutions use AI and cloud technology to help their clients improve performance. "
target parent: Allied Minds
target: Spark Insights
Spark Insights is an advanced analytics company focused on the insurance industry. Spark Insights uses AI and machine learning to deliver unparalleled decision analytics to insurers, reinsurers, and brokers. Their platform provides solutions for risk assessment, underwriting, and claims automation.
price ($mm)
$0.70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2020 via GlobeNewswire

TonkaBI Limited merged with MicroInsurance Company,

synopsis: STP Group merged with MicroEnsure and TonkaBI to provide micro insurance to internet platforms, millions of micro and small businesses, and to approximately four billion people on the planet. TonkaBI develops automation and AI software solutions for many different businesses including world leaders in insurance.
buyer: MicroInsurance Company
MicroInsurance Company provides an insurance platform that is capable of assuming various types of micro transactional insurance risk covering gig workers, IoT, the sharing economy, micro and small businesses and weather, all managed through technology and delivered at low cost. "
target: TonkaBI Limited
TonkaBI was established in 2015, coming with nearly two decades of prior software industry experience from the top tech companies around the world. TonkaBI develops automation and AI software solutions for many different businesses including world leaders in insurance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/30/2019 via AP - Associated Press

Data Dynamics Inc, will acquire Infintus Innovations Private Limited

synopsis: Data Dynamics announces its intent to acquire Infintus Innovations Pvt. Ltd. Infintus is a data analytics company that automates and analyzes unstructured data using AI. Infintus is powering Global Insurance Industry through its platforms.
buyer: Data Dynamics Inc
Data Dynamics is a leader in intelligent file management solutions that empower enterprises to seamlessly analyze, move, manage and modernize critical data across hybrid, cloud and object-based storage infrastructures for true business transformation. "
target: Infintus Innovations Private Limited
Infintus is a data analytics company that automates and analyzes unstructured data using AI. Infintus is powering Global Insurance Industry through AI through two core platforms. AI Powered Digital Insurer helps Insurers increase their revenue through AI powered Customer Journey from Lead.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/9/2022 via Company Press Release

CCC Intelligent Solutions, acquired Safekeep Inc

synopsis: CCC Intelligent Solutions (CCC), a leading SaaS platform for the P&C insurance economy, has acquired Safekeep, an AI leader in subrogation claims management technology. Safekeep is an enterprise platform that leverages AI to speed and improve subrogation management across auto, property, workers' comp, and other insurance lines of business.
buyer: CCC Intelligent Solutions
CCC Intelligent Solutions Inc. is a leading SaaS platform for the multi-trillion-dollar P&C insurance economy powering operations for insurers, repairers, automakers, part suppliers, lenders, and more. CCC cloud technology connects more than 30,000 businesses digitizing mission-critical workflows. "
target: Safekeep Inc
The award-winning AI and enterprise platform leader, Safekeep is digitizing subrogation across P&C insurance lines. Safekeep, Inc. is a Top 10 Insurtech Insights Future50 company and a Global Gold Winner in the Zurich Innovation Championship.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2012 via BNC Analysis

Ebix, Inc., acquired TriSystems Ltd.

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London based TriSystems Ltd., a leading online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance companies.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: TriSystems Ltd.
TriSystems is the leading online Exchange messaging service for the London commercial and reinsurance industry. The TriSystems products and services enable efficient and cost-effective communication between Underwriters and Brokers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2022 via PR Newswire

LexisNexis Risk Solutions, acquired Flyreel

synopsis: LexisNexis® Risk Solutions, part of RELX, has acquired Flyreel, a Denver-based property insurtech that uses artificial intelligence (AI) and machine learning to enable self-service property inspections, which provide additional visibility into a property to improve and automate new business and renewal underwriting and claims processes.
buyer parent: RELX Group plc
buyer: LexisNexis Risk Solutions
LexisNexis Risk Solutions uses data and analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions. They provide data and technology solutions for a wide range of industries, including insurance, financial services, healthcare, and government. "
target: Flyreel
Flyreel is the leading provider of insurance-specific AI solutions to residential and commercial property insurers. Flyreel provides insurers Total Property Understanding™ through the delivery of comprehensive, accurate, and up-to-date interior and exterior property analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2020 via BNC Analysis

Mohawk Analytics, acquired Brightmaven B.V.

synopsis: Mohawk Analytics has acquired Dutch tech company Brightmaven, a FinTech platform that unburdens financial service providers and reduces the theft and fraud related claim damage, with its platform ‘Sjerlok’.
buyer: Mohawk Analytics
Mohawk Analytics, founded in 2011 and based in Norway, built a software solution focused on validation, recovery of assets and the exposure of fraud. The company operates in more than 30 countries and works with clients including insurance companies, loss adjusters, private investigators, and more. "
target: Brightmaven B.V.
Brightmaven is a FinTech platform that unburdens financial service providers and reduces the theft and fraud related claim damage, with its platform ‘Sjerlok’. Sjerlok is a Rich Data Platform combining big data, AI, and semantic technology into one solution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/31/2018 via BNC Analysis

Charles Taylor InsureTech Limited, will acquire CoVi Analytics

synopsis: Charles Taylor InsureTech announced that it has agreed to acquire a majority stake in CoVi Analytics, a company that has developed an advanced analytics platform that uses Artificial Intelligence (AI) and non-traditional tools to re-think, simplify and automate risk and compliance management for insurers and brokers.
buyer parent: Charles Taylor plc
buyer: Charles Taylor InsureTech Limited
Charles Taylor is a leading provider of professional services to clients across the global insurance market. They operate through three distinct businesses: Management Services, Adjusting Services and Insurance Support Services. "
target: CoVi Analytics
CoVi has developed an advanced analytics platform that uses Artificial Intelligence (AI) and non-traditional tools to re-think, simplify and automate risk and compliance management for insurers and brokers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/5/2021 via BusinessWire

Fineos, will acquire Spraoi

synopsis: FINEOS Corporation, the global leader in core systems for life, accident and health insurance, will acquire Spraoi, a Group Benefits, and Life and Annuities focused technology firm. Spraoi helps carriers to optimize results. Their SaaS-based machine learning platform provides solutions for claims management and customer experience infrastructure.
buyer: Fineos (:$121.48)
Ireland-based FINEOS is a market leader in core systems for life, accident, and health insurance carriers globally. The FINEOS Platform, powered by Amazon Web Services, provides customers full end to end core administration for group, voluntary, and individual across life, accident, and health. "
target: Spraoi
Spraoi is a Group Benefits, and Life and Annuities focused technology firm. Spraoi helps carriers to optimize results and deliver improved customer experiences. Their SaaS-based machine learning platform provides solutions for claims management and customer experience infrastructure.
price ($mm)
$4.00
rev ($mm)
$6
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
announced 12/4/2019 via GlobeNewswire

Applied Systems Inc., will acquire Indio

synopsis: Applied Systems announced that it has entered into a definitive agreement to acquire Indio Technologies, Inc. as a critical component of its investment in digitizing the end-to-end commercial lines submissions process. Indio provides a workflow management platform that delivers a suite of web-based solutions for insurance agencies.
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: Indio
Indio Technologies, Inc. digitizes the end-to-end commercial lines submissions process across agencies, brokers, insurers and insureds. Indio is the leading solution for the insurance application and renewal process, enabling agencies to deliver a fully automated client risk data capture.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/7/2020 via PR Newswire

Bold Penguin, will acquire RiskGenius

synopsis: Bold Penguin, a rapidly growing commercial insurance technology provider, will acquire RiskGenius, a pioneer in insurance document intelligence software. RiskGenius applies machine learning to insurance policies, allowing users to understand terms of coverage across a library of policy documents.
buyer: Bold Penguin
Bold Penguin is an insurance company that connects businesses, agents, and carriers to the most appropriate commercial insurance quotes. Bold Penguin upgrades the user experience for businesses by creating an easy tool for agents and offering a streamlined process of underwriting for carriers. "
target: RiskGenius
RiskGenius is a pioneer in insurance document intelligence software. RiskGenius applies machine learning to insurance policies, allowing users to understand terms of coverage across a library of policy documents. This helps carriers and brokers efficiently assess, analyze, and compare policies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/12/2017 via BNC Analysis

Hypoport Group, acquired Maklersoftware.com GmbH

synopsis: Hypoport AG, a technology-based financial service provider, acquired Maklersoftware.com GmbH, the first independent provider of software and data center solutions for the insurance and financial market. They offer MetaSolution, which is a customer-oriented consulting software for the insurance and financial market.
buyer: Hypoport Group (DB:HYQ:$356.51)
The Hypoport Group is a technology-based financial service provider. Its business model is based on its three mutually supporting business units: Private Clients, Financial Service Providers, and Institutional Clients. All three units are engaged in the distribution of financial services. "
target: Maklersoftware.com GmbH
Maklersoftware.com GmbH was founded in 2001 as the first independent provider of software and data center solutions for the insurance and financial market. They offer MetaSolution, which is a customer-oriented consulting software for the insurance and financial market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/22/2020 via Company Press Release

CFC Underwriting Ltd., acquired ThreatInformer Limited

synopsis: CFC, the specialist insurance provider, has acquired London-based insuretech, ThreatInformer. ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information about their risk profile from a variety of external sources.
buyer: CFC Underwriting Ltd.
CFC is a specialist insurance provider and a pioneer in emerging risk. With a track record of disrupting inefficient insurance markets, CFC uses proprietary technology to deliver high-quality products to market faster than the competition while making it easier for brokers to do business. "
target: ThreatInformer Limited
Leveraging a combination of big data and machine learning, ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information about their risk profile from a variety of external sources.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2022 via Company Press Release

Verisk Analytics Inc, acquired Automated Insurance Solutions

synopsis: Verisk, a leading global data analytics provider, has acquired Automated Insurance Solutions (AIS), a UK based insurtech that since its launch has signed up multiple UK insurers. The acquisition includes AIS’s flagship solution BAIL, the only solution to provide automated assessment and analysis of motor accident liability.
buyer: Verisk Analytics Inc (NasdaqGS:VRSK:$2,998.60)
Verisk Analytics provides predictive analytics and decision support solutions to customers in the insurance, energy and specialized markets, and financial services industries. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, and more. "
target: Automated Insurance Solutions
Automated Insurance Solutions (AIS) are a UK based Insurtech business focussed on building and deploying intelligent digital automation products to cater to the ever-changing needs of an increasingly technology driven claims environment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2022 via PR Newswire

Agency Revolution, acquired Forge3, Ltd.

synopsis: Agency Revolution, the leading provider of digital marketing solutions for the insurance industry, announced its acquisition of Forge3, the highest-rated, fastest-growing insurance agency website platform. Founded in 2004, Forge3's ActiveAgency website platform is now used by well over 1,200 independent insurance agencies across the country. 
buyer parent: Aurora Capital Group
buyer: Agency Revolution
Agency Revolution, an FMG company, has served the insurance industry for more than 25 years with a marketing platform to help independent insurance agents and brokers automate their communications, build deeper, more meaningful client relationships, and grow their agencies and brokerages. "
target: Forge3, Ltd.
Founded in 2004, Forge3's ActiveAgency website platform is now used by well over 1,200 independent insurance agencies across the country. Forge3 has pioneered the industry's most innovative and powerful sales tools, including Clickable Coverage, Hello Producer, Power Panels, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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PINTEC
PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. With its mission to "Power the Future of Finance", PINTEC aims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners.
year
2018
rev ($mm)
$156.10
EBITDA ($mm)
$13.41
EBIT ($mm)
$12.65
Net Income ($mm)
$0.96
Employees
432
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Ticker:
 
 
 
 
 
 
 
 
Censof Holdings Berhad
Censof, an investment holding company, develops and markets financial management software in Malaysia and Indonesia. It operates Financial Management Software Solution, Payment Aggregation Solutions, Wealth Management Solutions, Training Solution, and Information Communication Technology segments.
year
2021
rev ($mm)
$23.76
EBITDA ($mm)
$1.17
EBIT ($mm)
$1.11
Net Income ($mm)
$4.37
Employees
329
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Ticker:
 
 
 
 
 
 
 
 
Fineos
Fineos
Ireland-based FINEOS is a market leader in core systems for life, accident, and health insurance carriers globally. The FINEOS Platform, powered by Amazon Web Services, provides customers full end to end core administration for group, voluntary, and individual across life, accident, and health.
year
2020
rev ($mm)
$121.48
EBITDA ($mm)
($8.38)
EBIT ($mm)
($3.72)
Net Income ($mm)
Employees
1000
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Ticker: XTRA:NIIN
 
 
 
 
 
 
 
 
niiio finance group AG
niiio finance group AG
Germany-based Niiio finance group AG is a provider of cloud banking software with a focus on wealth management. As a "full-service provider", the company digitizes its customers' processes so that they can work efficiently, flexibly and legally.
year
2020
rev ($mm)
$3.09
EBITDA ($mm)
$2.27
EBIT ($mm)
$0.05
Net Income ($mm)
Employees
46
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Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2022
rev ($mm)
$1,699.30
EBITDA ($mm)
$411.60
EBIT ($mm)
$260.90
Net Income ($mm)
Employees
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Ticker: TSXV:ALY
 
 
 
 
 
 
 
 
AnalytixInsight
AnalytixInsight
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media.
year
2016
rev ($mm)
$1.66
EBITDA ($mm)
($1.51)
EBIT ($mm)
($1.64)
Net Income ($mm)
Employees
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Ticker: ASX:REV
 
 
 
 
 
 
 
 
Real Estate Investar
Real Estate Investar
Real Estate Investar is an Australian provider of products and services for property investors. Real Estate Investar helps people to find, analyse and track investment properties. Their platform provides users with all the tools, data and information they need to invest in property successfully.
year
2019
rev ($mm)
$0.59
EBITDA ($mm)
($0.38)
EBIT ($mm)
($0.63)
Net Income ($mm)
Employees
0
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Ticker: SSNC
 
 
 
 
 
 
 
 
SS&C Technologies, Inc.
SS&C Technologies, Inc.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
year
2022
rev ($mm)
$5,112.60
EBITDA ($mm)
$1,903.20
EBIT ($mm)
$1,239.70
Net Income ($mm)
Employees
0
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Ticker:
 
 
 
 
 
 
 
 
Bravura Solutions Limited
Bravura Solutions Limited
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification.
year
2020
rev ($mm)
$194.13
EBITDA ($mm)
$45.84
EBIT ($mm)
$36.98
Net Income ($mm)
$28.29
Employees
1442
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Ticker: BLK
 
 
 
 
 
 
 
 
BlackRock, Inc.
BlackRock, Inc.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more.
year
2022
rev ($mm)
$19,374.00
EBITDA ($mm)
$8,525.00
EBIT ($mm)
$8,378.00
Net Income ($mm)
Employees
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Ticker: MKTX
 
 
 
 
 
 
 
 
MarketAxess Holdings, Inc.
MarketAxess Holdings, Inc.
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets.
year
2020
rev ($mm)
$615.14
EBITDA ($mm)
$350.02
EBIT ($mm)
$321.32
Net Income ($mm)
$262.94
Employees
527
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Ticker:
 
 
 
 
 
 
 
 
Infront AS
Infront provides electronic trading solutions and real-time market data, news, and analytics covering financial key markets in all asset classes. Infront’s terminal, mobile apps and versatile electronic trading solutions connect professional users to their local and international markets.
year
2021
rev ($mm)
$142.28
EBITDA ($mm)
$20.65
EBIT ($mm)
$10.45
Net Income ($mm)
Employees
483
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
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Ticker: GB:FFA.GB
 
 
 
 
 
 
 
 
FFastFill plc
FFastFill plc
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices.
year
2011
rev ($mm)
$24.91
EBITDA ($mm)
$6.69
EBIT ($mm)
$3.39
Net Income ($mm)
$2.90
Employees
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Ticker: EBIX
 
 
 
 
 
 
 
 
Ebix, Inc.
Ebix, Inc.
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.
year
2019
rev ($mm)
$570.76
EBITDA ($mm)
$158.83
EBIT ($mm)
$144.44
Net Income ($mm)
$83.58
Employees
9263
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Ticker: UPST
 
 
 
 
 
 
 
 
Upstart Holdings, Inc.
Upstart Holdings, Inc.
Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart-powered banks can have higher approval rates and lower loss rates, while delivering exceptional digital-first lending experiences their customers.
year
2020
rev ($mm)
$233.42
EBITDA ($mm)
$14.04
EBIT ($mm)
$11.77
Net Income ($mm)
$5.98
Employees
429
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