Like Zillious

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 7/27/2016 via BNC Analysis

Orchestra Travel Solutions, acquired Orchestra Travel Solutions

synopsis: Christian Sabbagh, the President of Travelsoft, becomes the majority shareholder of Travelsoft. Founded in 2000, Traveloft publishes Orchestra, a SaaS platform dedicated to the travel industry. Orchestra enables professionals to produce, administrate, distribute and manage a complete leisure offer on every distribution channel.
buyer: Orchestra Travel Solutions
Orchestra is a SaaS platform dedicated to the travel industry. It enables professionals to produce, administrate, distribute and manage a complete leisure offer on every distribution channel, including: stays (packages), nights of hotels, airline tickets, dynamic packages, and ‘à la carte’. "
target parent: MBO Partenaires
target: Orchestra Travel Solutions
Orchestra is a SaaS platform dedicated to the travel industry. It enables professionals to produce, administrate, distribute and manage a complete leisure offer on every distribution channel, including: stays (packages), nights of hotels, airline tickets, dynamic packages, and ‘à la carte’.
price ($mm)
rev ($mm)
$11
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/25/2014 via PR Newswire

Sonata Software, acquired Rezopia

synopsis: Sonata Software, a global IT services company with a strong footprint in the travel industry segment announced acquisition of a strategic controlling stake in Rezopia Inc., the first cloud based end-to-end reservations, contracts, operations and distribution management systems platform for travel providers, headquartered in California, USA.
buyer: Sonata Software (BSE:532221:$568.69)
Sonata Software is a global IT services company. Sonata has deep technology expertise gained from multi-faceted relationships spanning Product Engineering, Professional Consulting Services, Early Adopter Programs, Implementation and Alliances status with technology industry leaders. "
target: Rezopia
Rezopia is the next generation cloud-based Travel Management Platform for travel providers. It is a complete end-to-end travel reservation, back-office, packaging and distribution system enabling travel providers to scale revenues, reduce costs and better serve customers.
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closed 7/16/2013 via PR Newswire

Concur Technologies, Inc., acquired TRX, Inc.

synopsis: Concur announced that it acquired TRX, Inc., a leader in travel data and Travel Management Company ("TMC") mid-office technology solutions. TRX helps top travel agencies, corporations, government agencies and other institutions maximize savings and efficiency through travel technology applications.
buyer: Concur Technologies, Inc. (CNQR:$667.89)
Concur is a leading provider of integrated travel and expense management solutions. Through Concur's open platform the entire travel and expense ecosystem of customers, suppliers, and developers can access and extend Concur's T&E cloud. "
target: TRX, Inc. (TRXI:$49.37)
TRX, Inc. is a global leader in travel data, software and solutions. With more than 20 software-as-a-service utilities, TRX helps top travel agencies, corporations, government agencies and other institutions maximize savings and efficiency through travel technology applications.
price ($mm)
rev ($mm)
$46
EBITDA ($mm)
$4
EV / rev
0.0x
EV / EBITDA
0.0x
announced 11/24/2021 via Company Press Release

Webjet Limited, will acquire Trip Ninja Inc.

synopsis: Webjet Limited announced it has agreed to acquire a Canadian based travel technology company Trip Ninja. Trip Ninja is a travel technology solutions company that helps booking agencies find efficiencies and drive revenue using machine learning. Their all-in-one flight booking platform helps agents find more competitive itineraries in seconds.
buyer: Webjet Limited (ASX:WEB:$37.15)
Webjet is the leading online travel agency (OTA) in Australia and New Zealand, leading the way in online travel tools and technology. Webjet’s focus has always been to offer the greatest convenience and choice by enabling customers to compare, combine and book the best travel packages worldwide. "
target: Trip Ninja Inc.
Trip Ninja is a travel technology solutions company that helps booking agencies find efficiencies and drive revenue using machine learning. Their all-in-one flight booking platform helps agents find more competitive itineraries in seconds.
price ($mm)
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EBITDA ($mm)
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closed 2/11/2015 via Company Press Release

Bravofly Rumbo Group, acquired Map2app

synopsis: Bravofly Rumbo Group, a leading European Online Travel Agency (OTA), announced the acquisition of all assets of the start-up company Map2app. Founded in 2012, Map2app has developed a best breed technology solution that allows its customers to create low-cost mobile travel app quickly, dynamically and with no specific technical skills required.
buyer: Bravofly Rumbo Group (SWX:LMN:$401.16)
Bravofly Rumbo Group is a Swiss-based, European online travel agency, or OTA that focuses on both flight and non-flight travel services. They provide consumers with online tools and technologies that allow them to easily search for, compare and book flights, hotel accommodations, and more. "
target: Map2app
Founded in April of 2012, based in San Francisco, California and with operations in Italy, map2app is a web-based platform that provides the best solution to create mobile travel guides in no time and without any coding experience.
price ($mm)
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announced 8/30/2019 via BNC Analysis

Travelogix, will acquire Travelogix

synopsis: Safeture AB announced that it has signed an agreement to sell its 51 percent holding in the U.K.-based travel software company Travelogix Limited to the firm’s management team. Travelogix provides Travel Management Companies (TMCs) and Travel Managers with immediate and easy access to travel management data, reports and analysis.
buyer: Travelogix
Travelogix provides Travel Management Companies (TMCs) and Travel Managers with immediate and easy access to travel management data, reports and analysis. The Travelogix suite of products helps TMCs to improve efficiency, reduce costs and boost customer satisfaction. "
target parent: Safeture
target: Travelogix
Travelogix provides Travel Management Companies (TMCs) and Travel Managers with immediate and easy access to travel management data, reports and analysis. The Travelogix suite of products helps TMCs to improve efficiency, reduce costs and boost customer satisfaction.
price ($mm)
$0.47*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/9/2008 via BusinessWire

Triton Distribution Systems, acquired ZTS Informationssysteme und fulfillment GmbH

synopsis: Triton has finalized its acquisition of ZTS, a multi-faceted, German-based travel services company that for over twenty years has formed and built relationships with some of Europe’s largest and most respected travel providers creating a growing brand with a loyal following.
buyer: Triton Distribution Systems
Triton Distribution Systems is a pioneer in low-cost, b-to-b, Internet-based travel solutions providing electronic distribution of travel inventory from airlines, car, hotels, tour and cruise operators and other travel vendors to travel agencies on a global basis. "
target: ZTS Informationssysteme und fulfillment GmbH
ZTS provides and developes IT solutions and fulfillment services for the tourism industry. They deliver their philosophy of “Help our customers sell” by enabling suppliers with target oriented support in distributing their products with individual concepts for software and services.
price ($mm)
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closed 9/2/2015 via BNC Analysis

Amadeus IT Group S.A., acquired Pyton Communication Services B.V.

synopsis: Amadeus has acquired Dutch travel technology company Pyton. Pyton is best known for three core products: Waverunner (web booking engine), Elsy Arres (low cost carrier distribution service) and Hydra (dynamic packaging tool).
buyer: Amadeus IT Group S.A. (BME:AMS:$2,670.00)
Amadeus provides the technology which keeps the travel sector moving - from initial search to making a booking, from pricing to ticketing, from managing reservations to managing check-in and departure processes. "
target: Pyton Communication Services B.V.
Pyton is a Dutch travel technology company best known for three core products: Waverunner (web booking engine), Elsy Arres (low cost carrier distribution service) and Hydra (dynamic packaging tool).
price ($mm)
rev ($mm)
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closed 3/2/2009 via

The Active Network, Inc., acquired ReserveAmerica

synopsis: IAC and The Active Network, Inc., a leading provider of technology and marketing solutions for community service and participatory sports organizations, announced that they have entered into an agreement for Active to acquire leading campground reservation provider, ReserveAmerica, from IAC.
buyer: The Active Network, Inc. (ACTV:$441.26)
The Active Network, Inc., provides application services technology and marketing access to community service organizations, and is a leading online community for active lifestyles. The company's solutions help organizations improve customer service capabilities and increase revenues. "
target parent: IAC/InterActiveCorp
target: ReserveAmerica
ReserveAmerica is the largest provider of campsite reservations in North America facilitating over 4 million transactions per year.
price ($mm)
$35
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/28/2022 via PR Newswire

Guesty, acquired Kigo

synopsis: Guesty, the leading property management platform for the short-term rental and hospitality industry, has acquired Kigo, a vacation rental management platform based in Spain. Kigo's cloud platform features solutions for reservations, online booking, operations management, guest experience management, and more.
buyer: Guesty
Guesty is the world's leading property management platform for the short-term, vacation rental and hospitality industry. Customers utilize Guesty's platform and solutions to centralize their reservations, guest communication, and more across all the major booking online travel agencies. "
target: Kigo
Kigo is a vacation rental management platform based in Spain. Kigo allows vacation rental managers and owners to spend less time managing more properties. Their cloud platform features solutions for reservations, online booking, operations management, guest experience management, and more.
price ($mm)
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closed 10/9/2020 via BNC Analysis

TravelNet Solutions, acquired Gueststream

synopsis: TravelNet Solutions, a provider of software and marketing solutions for the hospitality industry, has acquired Guestream, a provider of vacation rental marketing and software solutions. Gueststream's platform enables companies to build webpages and booking systems using data from their PMS. They also offer SEO and web development services.
buyer: TravelNet Solutions
TravelNet Solutions is a leading provider of integrated software and marketing solutions for the hospitality industry. TravelNet's mission is to transform how hospitality works. They offer solutions and services for property management, CRM, call centers, e-commerce, and digital marketing. "
target: Gueststream
Gueststream is a provider of vacation rental marketing and software solutions. Gueststream's leading Vacation Rental Platform enables companies to build webpages and booking systems using data from their property management system. They also offer SEO, PPC marketing, and web development services.
price ($mm)
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closed 8/23/2019 via GlobeNewswire

Monaker Group, acquired IDS Technology

synopsis: Monaker Group, Inc., a technology leader in the travel and vacation rental markets, has acquired the assets of leading travel technology provider, IDS Technology to enhance its Monaker Booking Engine (MBE) and nexttrip.biz platform. IDS Technology is a software development company with nearly three decades of experience in the hospitality industry.
buyer: Monaker Group (OTCQB:MKGI:$0.45)
Monaker Group is a technology-driven travel company focused on innovating the alternative lodging rental market. The Monaker Booking Engine (MBE) provides access to more than 2.6 million instantly bookable vacation rental homes, villas, chalets, apartments, condos, resort residences, and castles. "
target: IDS Technology
IDS Technology is a software development company in the hospitality industry. Its cloud-based travel software solutions help distributors and suppliers increase their revenue and boost efficiency through automated mapping technology, API connectivity, and profit optimization tools.
price ($mm)
$5.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/27/2017 via BNC Analysis

Septeo Pole Immobilier, acquired MP Concept

synopsis: Septeo Pôle Immobilier (SPI), a leading real estate software provider in France, has acquired MP Concept, a company that develops cloud based vacation rental software. MP Concept was founded in 1994 and is based in Ollioules, France.
buyer parent: Septeo Group
buyer: Septeo Pole Immobilier
Septeo Pôle Immobilier (SPI) is a leading real estate software provider in France. They specialize in rental management, seasonal rentals and transaction software. Septeo Pôle Immobilier is a division of Septeo Group. "
target: MP Concept
MP CONCEPT develops cloud based vacation rental software. The company was founded in 1994 and is based in Ollioules, France.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/17/2014 via BusinessWire

RealPage, Inc., acquired Kigo

synopsis: RealPage, Inc, a leading provider of on-demand property management software, announces the acquisition of Kigo, a Software-as-a-Service (SaaS) vacation rental booking and channel management system headquartered in Barcelona, Spain.
buyer: RealPage, Inc. (RP:$1,115.20)
RealPage, Inc. is a leading provider of comprehensive property management software solutions for the housing industries. Using its innovative SaaS platform, RealPage’s on-demand software enables easy system integration and streamlines online property management. "
target: Kigo
An innovative and dynamic startup, Kigo offers vacation rental software and channel manager solutions designed for the unique needs of vacation rental managers.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/5/2010 via PR Newswire

HomeAway, Inc., acquired Instant Software, Inc.

synopsis: HomeAway, Inc. – the world's leading online vacation rental marketplace – announced its acquisition of Instant Software, Inc. (ISI), the top vacation rental management software provider. With this acquisition, HomeAway® continues to expand its suite of product offerings for professional vacation rental managers.
buyer: HomeAway, Inc. (AWAY:$485.27)
HomeAway, Inc. is the worldwide leader for vacation rentals on the Internet. Each year, more than 50 million travelers visit the HomeAway global marketplace that comprises more than 130,000 vacation rental homes across 100 countries. "
target: Instant Software, Inc.
Instant Software, Inc. (ISI) is the world's leading provider of technology solutions for the Vacation Rental Management industry.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/23/2017 via Company Press Release

Apax Partners, will acquire Go Global Travel

synopsis: AMI Opportunities Fund advised by Apax Partners announced the signing of an agreement to acquire 80% of Go Global Travel LTD., a leading global supplier of search engine technologies and related services for hotel booking for travel agents and tour operators.
buyer: Apax Partners
Apax Partners LLP is a leading global private equity advisory firm. Apax Partners has raised and advised funds with aggregate commitments in excess of $48 billion. Funds advised by Apax Partners invest in companies across four global sectors of Tech and Telco, Services, Healthcare and Consumer. "
target: Go Global Travel
Go Global Travel is a leading global supplier of search engine technologies and related services for hotel booking for travel agents and tour operators. The company has offices across the world, significant activity in over 32 countries and more than 4,000 travel agencies and clients.
price ($mm)
$64*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/5/2015 via PR Newswire

Ctrip.com International, Ltd., acquired Travelfusion

synopsis: Ctrip.com International, Ltd. has acquired a majority stake in Travelfusion. They are a UK-based leading online Low Cost Carrier travel content aggregator and innovator of Direct Connect global distribution solutions.
buyer: Ctrip.com International, Ltd. (NasdaqGS:CTRP:$4,997.62)
Ctrip.com International, Ltd. is a travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company aggregates travel related information and offers its services through an advanced transaction and service platform."
target: Travelfusion
Travelfusion is an online travel content aggregator. Their platform connects directly to hundreds of air, hotel, car, rail, ferry, ground transport and tour operator suppliers' web sites and their reservation systems and provides structured access to the content via a single XML API interface.
price ($mm)
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closed 12/12/2018 via PR Web

Obasa Hospitality, acquired IBC Hospitality Technologies

synopsis: OBASA Hospitality, the parent company to a collection of global hospitality brands, has announced the acquisition of IBC Hospitality Technologies. Phoenix-based IBC is the creator of an all-in-one software and services platform to help owners and operators of all accommodation verticals.
buyer: Obasa Hospitality
Based in Canada, OBASA Hospitality is a single source for innovative technologies and services for anyone seeking or selling accommodations in the online marketplace. The company consists of IBC Hospitality Technologies and MyKey. "
target parent: InnSuites Hospitality Trust
target: IBC Hospitality Technologies
IBC Hospitality Technologies is the leading provider of proprietary software and services. Travelers love the patent-pending loyalty program offering cash back, global e-gift cards and free nights on ivhtravel.com and the app IVHTravel which is “Revolutionary and enhances the travel experience”.
price ($mm)
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closed 12/20/2019 via BusinessWire

Flow Hospitality Training merged with MAPAL Software,

synopsis: MAPAL Software, a developer and supplier of workforce management, business analytics and back-of-house software for the hospitality sector, and Flow Hospitality Training, a learning management system for the hospitality sector, announced a combination to create a leading provider of technology solutions for the European hospitality sector.
buyer parent: Providence Equity Partners Inc.
buyer: MAPAL Software
Founded in 2008 and based in Madrid, Spain, MAPAL Software is a developer and supplier of workforce management, business analytics and back-of-house software for the hospitality sector. "
target: Flow Hospitality Training
Founded in 2009 and based in Edinburgh, Scotland, Flow is a learning management system for the hospitality sector. Flow delivers a suite of online training modules to over 400,000 unique users through FlowZone Manager – its flagship management system.
price ($mm)
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EBITDA ($mm)
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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)
rev ($mm)
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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
EV / EBITDA
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)
rev ($mm)
EBITDA ($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)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 10/3/2022 via BusinessWire

Majesco, acquired Global IQX

synopsis: Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced the acquisition of Global IQX, a SaaS-based insurtech who delivers market-leading solutions insurers rely on to streamline, automate, and transform the way they do business.
buyer parent: Thoma Bravo, LLC
buyer: Majesco (:$146.45)
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate, and connect to build the future of their business at speed and scale. The company's platforms connect people and businesses to insurance in innovative, hyper-relevant, compelling, and personal ways. "
target: Global IQX
Global IQX is the leading provider of AI-driven employee benefits software. Purpose built for group insurance, it’s production-proven best-of-breed sales and underwriting workbench is agnostic to various policy admin, billing, and claims vendors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/6/2022 via BusinessWire

Ninth Street Capital Partners, will acquire SwiftMotion Inc

synopsis: SwiftMotion Inc, a company that designs accurate ergonomic and safety risk assessment tools for enterprises and workers compensation insurance providers, has signed a definitive agreement to be acquired by Ninth Street Capital Partners, a private investment partnership specializing in acquiring, managing and growing established businesses.
buyer: Ninth Street Capital Partners
Ninth Street Capital Partners is a private investment partnership specializing in acquiring, managing and growing established businesses. "
target: SwiftMotion Inc
SwiftMotion Inc designs accurate ergonomic and safety risk assessment tools for enterprises and workers compensation insurance providers.
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

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Matching Companies
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
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rev ($mm)
$233.42
EBITDA ($mm)
$14.04
EBIT ($mm)
$11.77
Net Income ($mm)
$5.98
Employees
429
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