Like Insura Solutions

announced 8/7/2019 via Company Press Release

Apollo Insurance Solutions Ltd., will acquire Insura Solutions

synopsis: Apollo Insurance Solutions has acquired insurtech startup Insura, and its founder & CEO, Josh Pillsbury, has joined the Apollo team. Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters.
buyer: Apollo Insurance Solutions Ltd.
The Apollo Exchange is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time. "
target: Insura Solutions
Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters, brokers and agents in both the standard and surplus lines markets.
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closed 4/23/2020 via PR Newswire

Even Financial, acquired LeapLife

synopsis: Even Financial, the leading API for financial services search, acquisition, and monetization, has acquired LeapLife, an insurtech platform and digital life insurance agency. The acquisition allows Even Financial to commence its insurance services, aimed at simplifying and enhancing the way consumers search, compare, and get matched with insurance p
buyer: Even Financial
Even Financial is a B2B fintech company transforming the way financial institutions connect with consumers. The company connects consumers to personalized offers for loans, savings, credit cards, and more with the leading API for financial services search, acquisition, and monetization. "
target: LeapLife
LeapLife is an established insurtech platform and digital life insurance agency that utilizes data science, deep underwriting knowledge, and proprietary technology, enabling consumers to apply for instant-decision life insurance policies with real-time quotes.
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closed 12/31/2017 via BNC Analysis

10503070 Canada Inc., acquired Hubio Exchange

synopsis: The Canadian division of Hubio, Hubio Exchange, a leading provider of technology solutions that connect insurers with industry services, business partners, regulatory bodies and end-consumers, has announced a management buyout has been finalized. The acquirer is 10503070 Canada Inc, led by Pat Durepos and Phil Henville.
buyer: 10503070 Canada Inc.
10503070 Canada Inc., operating as Hubio Technology, is led by Pat Durepos, widely known across the Canadian Insurance sector, and Phil Henville. Pat is a long-term industry leader both as a broker and as the head of Keal Technology. "
target parent: Watchstone Group plc
target: Hubio Exchange
Hubio Exchange is a technology company that allows P&C insurers to connect digitally with policyholders, brokers, regulatory bodies and agents. Hubio Exchange enables P&C insurers to incorporate third-party data to enhance underwriting and transform data to provide an enhanced customer experience.
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closed 8/9/2017 via Company Press Release

CoreLogic, Inc., acquired Myriad Development, Inc.

synopsis: CoreLogic, a leading global property information, analytics and data-enabled solutions provider, announced it has expanded its strategic capabilities with insurance underwriting solutions provided by Myriad Development. Myriad Development specializes in business process management products and services.
buyer: CoreLogic, Inc. (CLGX:$1,642.38)
CoreLogic is a leading global property information, analytics and data-enabled services provider. They combine data from public, contributory and proprietary sources, providing coverage of property and other encumbrances, consumer credit, tenancy, location, hazard risk and performance information. "
target: Myriad Development, Inc.
Myriad Development specializes in business process management products and services for many of the nation’s largest insurance carriers, real estate companies and government agencies. The SaaS-based platform offers customers speed to market with little dependency on internal technical resourcing.
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announced 8/11/2020 via BusinessWire

Fineos, will acquire Limelight Health

synopsis: Ireland-based FINEOS Corporation will acquire Limelight Health, a leading provider of quoting, rating, and underwriting solutions for group and voluntary employee benefits. The union will provide an end-to-end SaaS core product suite from quote, rate, and underwrite through to billing, policy administration, absence, and claims management.
buyer: Fineos (:$121.48)
Ireland-based FINEOS is a market leader in core systems for life, accident, and health insurance carriers globally. The FINEOS Platform, powered by Amazon Web Services, provides customers full end to end core administration for group, voluntary, and individual across life, accident, and health. "
target: Limelight Health
Limelight Health is a leading provider of cloud-based enterprise software solutions delivering the most efficient quoting, rating, and underwriting solutions for employee benefits insurers. The company provides process automation and seamless integration for new business acquisition.
price ($mm)
$75
rev ($mm)
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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)
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closed 4/14/2021 via BusinessWire

FRISS, acquired Terrene Labs

synopsis: FRISS, the market leader in AI-powered fraud, risk and compliance solutions for P&C insurance carriers, has acquired Terrene Labs, a provider of next-generation digital underwriting solutions. Terrene's solution simplifies the agent experience and allows carriers to improve their top and bottom line.
buyer: FRISS
FRISS is recognized globally as the leading provider of AI-powered fraud detection and prevention software for the P&C industry. FRISS offers cloud-based detection solutions for underwriting, claims and SIU. Their software enables companies to assess risks in real time and payout claims faster. "
target: Terrene Labs
Terrene Labs provides solutions for next-generation digital underwriting. Terrene takes the chore out of an underwriter’s job and allows them to focus on the tasks that really matter. Their solution simplifies the agent experience and allows carriers to improve their top and bottom line.
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closed 10/4/2018 via BNC Analysis

Patra, acquired QBIS

synopsis: Patra Corporation, a global company that powers insurance processing through people and technology, has announced the acquisition of QBIS, an Oakland-based InsureTech platform facilitating broker and MGA connection to carrier systems.
buyer: Patra
Patra powers insurance processing by leveraging people and technology, supporting insurance organizations as they sell, deliver and manage policies and customers. Patra’s team of global experts allow brokers, MGAs, wholesalers and carriers to capture profitable growth and organizational value. "
target: QBIS
QBIS is an insurance technology company. Their cloud-based underwriting and delivery platform for insurance agents and their customers enables them to transact with numerous high-quality insurance companies in a centralized, simplified and instantaneous manner.
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closed 2/24/2011 via PR Newswire

Connecture, Inc., acquired Insurix Corporation

synopsis: Connecture, Inc. has announced that it has acquired Insurix, a technology provider of sales automation software to health insurance carriers and brokers. The combination further remodels health insurance distribution by creating the largest end-to-end sales automation provider in the market.
buyer: Connecture, Inc. (OTCQX:CNXR:$77.99)
Connecture is solely focused on delivering integrated web-based sales, service and process automation solutions to the health insurance industry. Its industry-proven solutions encompass the entire spectrum of multi-channel insurance sales and services. "
target: Insurix Corporation
Insurix Corp. is a technology provider of sales automation software to health insurance carriers and brokers. It delivers a broad portfolio of information technology and business process outsourcing services to clients in the Insurance and Financial industries.
price ($mm)
rev ($mm)
$7
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/12/2015 via BusinessWire

Insurity, Inc, acquired Oceanwide Inc.

synopsis: Insurity, Inc., a provider of core insurance processing and data integration and analysis solutions, announced its acquisition of Montreal, Quebec based insurance software firm Oceanwide, Inc. Since 1996, Oceanwide has been delivering SaaS core processing solutions to property and casualty insurers of all sizes across the globe.
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: Oceanwide Inc.
Oceanwide delivers SaaS core processing solutions to property and casualty insurers of all sizes across the globe. Their configurable insurance software solutions enable insurers to react to market changes, configure new products and manage their products with increased speed and lower costs.
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announced 7/7/2021 via PR Newswire

Azentio Software, will acquire Beyontec

synopsis: Azentio Software, a Singapore-headquartered software products business, will acquire Beyontec, a leading insurance technology company. Beyontec provides a comprehensive range of digital solutions for the insurance industry, including a core multi-line insurance administration system, digital platform-based ecosystem solutions, and more.
buyer parent: Apax Partners
buyer: Azentio Software
Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals and includes key products such as Kastle™ (universal banking platform), Amlock™ (compliance software suite), and more. "
target: Beyontec
Beyontec is a global insurance solution provider, addressing all aspects of insurance business, including general insurance, takaful, life insurance, medical insurance, and insurance broking. Beyontec's offerings include a core insurance administration solution, specific accelerator tools, and more.
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closed 5/5/2021 via GlobeNewswire

Green Shield, acquired Computer Workware

synopsis: Green Shield has acquired Computer Workware, a Canadian software company focusing on the development of insurance administration solutions for employee group benefits. Their products, iBenefits and Vital Objects, provide solutions for Canada’s largest insurance companies and third-party administrators and associations.
buyer: Green Shield
Green Shield Canada is Canada’s fourth-largest health and dental benefits provider, and is uniquely structured as a social enterprise with the purpose of making it easier for people to live their healthiest lives. They are Canada’s only not-for-profit health and dental benefits provider. "
target: Computer Workware
Computer Workware is a Canadian software company focusing on the development of insurance administration solutions for employee group benefits. Their products, iBenefits and Vital Objects, provide solutions for Canada’s largest insurance companies and third-party administrators and associations.
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announced 1/14/2021 via GlobeNewswire

Applied Systems Inc., will acquire EZLynx

synopsis: Applied Systems announced that it has entered into a definitive agreement to acquire EZLynx, a company that develops industry-leading cloud-based software for the insurance industry. Their software has helped independent agents operate their businesses more effectively for over ten years.
buyer parent: Hellman & Friedman LLC
buyer: Applied Systems Inc.
Applied Systems is the leading provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, it is the world’s largest provider of agency and brokerage management systems. "
target: EZLynx
EZLynx develops industry-leading cloud-based software for the insurance industry. Their software has helped independent agents operate their businesses more effectively for over ten years.
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closed 9/22/2020 via BusinessWire

iPipeline, Inc., acquired Welis, LLC

synopsis: iPipeline, a leading provider of cloud-based software solutions for the life insurance and financial services industry, announced it has acquired WELIS, a premier provider of life insurance illustration systems to carriers in the US.
buyer parent: Roper Technologies, Inc.
buyer: iPipeline, Inc.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. "
target: Welis, LLC
WELIS is a premier provider of life insurance illustration systems supporting individual and group lines of business for carriers in the US. Its Ascent Illustration System is designed to help insurers sell and service customers in a multi-channel distribution environment.
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closed 7/30/2019 via Company Press Release

RGI S.P.A., acquired Novum GmbH

synopsis: RGI, a European leader in the digital transformation of Insurers, announced that it has acquired 100% of NOVUM, a leading DACH solution provider specializing in the development of core systems for insurers.
buyer parent: Corsair Capital
buyer: RGI S.P.A.
RGI, of Milan, provides software products and technology services to the insurance industry. RGI is a provider of core systems to the insurance market, providing a comprehensive offering which addresses core insurance processes including policy administration, and market management. "
target: Novum GmbH
Novum provides innovative standard and customized software solutions for the international insurance industry. Novum’s solution portfolio comprises software platforms for individual applications such as inventory systems, property and performance, fees, collection, and fund and loan management.
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closed 12/23/2015 via PE Hub

Main Capital Partners BV, acquired b+m Informatik AG

synopsis: Main Capital has acquired b+m Informatik AG (b+m), that develops innovative software for banks and insurance companies and serves the German financial sector as a full-service provider.
buyer: Main Capital Partners BV
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and Germany. Within this sector, it is the most specialized company in management buyouts and later-stage growth capital. "
target parent: Allgeier Holding AG
target: b+m Informatik AG
b+m Informatik AG is a maker of software for banks and insurance companies. b+m was founded in 1994 and serves its customers from its headquarters near Kiel (Hamburg), which currently has nearly 90 employees. b+m focuses on both banks and insurers.
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announced 12/9/2015 via GlobeNewswire

VITEC Software Group, will acquire NICE Norwegian Insurance Computer Environment AS

synopsis: Vitec Software Group AB (publ) has agreed to acquire 100 % of the Norwegian software company Nice Norwegian Insurance Computer Environment AS (Nice AS), whose product is an industry-specific software for insurance companies in Norway, Denmark and Sweden.
buyer: VITEC Software Group (OM:VIT B:$190.61)
Vitec Software Group (publ) is a software company that offers industry specific business applications on the Nordic market. Vitec, with operations in Sweden, Norway, Finland and Denmark is growing in the mature part of the software industry by consolidating vertical software segments. "
target: NICE Norwegian Insurance Computer Environment AS
Since its formation in 1987, Norwegian Insurance Computer Environment (NICE) has been dedicated to the development, implementation and operation of fully-integrated application software for insurance companies and associated organisations.
price ($mm)
$2.88
rev ($mm)
$3
EBITDA ($mm)
$0
EV / rev
0.9x
EV / EBITDA
9.3x
closed 11/23/2010 via BusinessWire

Prima Solutions, acquired Albiran

synopsis: Prima Solutions announces the acquisition of the Paris-based insurance software provider, Albiran. Albiran is the perfect complement to Prima Solutions’ product set and expertise. Together, Prima Solutions and Albiran form the one stop shop for insurance software.
buyer: Prima Solutions
Prima Solutions provides brokers, insurance, mutual insurance and reinsurance companies with complete software offering for Life, P&C, Large Commercial Risks and Reinsurance. "
target: Albiran
Albiran has provided web-based insurance software solutions to companies like Generali, Allianz, Altima, Gras Savoye and April Group to launch new insurance products, diversify their distribution networks, increase their customers’ satisfaction and optimize their operational efficiency.
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announced 9/27/2010 via BusinessWire

Ebix, Inc., will acquire USIX Technology

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 Rio de Janeiro-based Insurance Exchange - USIX Technologies, Inc.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. "
target: USIX Technology
USIX Technology is an exchange player in the Brazilian insurance markets, the Company provides Internet based sales solutions in an on-Demand manner to the insurance carriers and brokers in Brazil.
price ($mm)
$7.92
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.0x
EV / EBITDA
closed 1/11/2010 via BusinessWire

Ebix, Inc., acquired MCN Technology & Consulting

synopsis: Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired Sao Paulo based MCN Technology & Consulting. MCN offers products and services for insurance companies, financial institutions and insurance brokers in
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development. "
target: MCN Technology & Consulting
Since its inception in 2001, MCN has focused itself on the insurance industry through its portfolio of products and services for insurance companies, financial institutions and insurance brokers.
price ($mm)
$3.10
rev ($mm)
EBITDA ($mm)
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announced 8/7/2019 via Company Press Release

Apollo Insurance Solutions Ltd., will acquire Insura Solutions

synopsis: Apollo Insurance Solutions has acquired insurtech startup Insura, and its founder & CEO, Josh Pillsbury, has joined the Apollo team. Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters.
buyer: Apollo Insurance Solutions Ltd.
The Apollo Exchange is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time. "
target: Insura Solutions
Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters, brokers and agents in both the standard and surplus lines markets.
price ($mm)
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announced 8/7/2019 via Company Press Release

Apollo Insurance Solutions Ltd., will acquire Insura Solutions

synopsis: Apollo Insurance Solutions has acquired insurtech startup Insura, and its founder & CEO, Josh Pillsbury, has joined the Apollo team. Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters.
buyer: Apollo Insurance Solutions Ltd.
The Apollo Exchange is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time. "
target: Insura Solutions
Insura Solutions is a Vancouver-based insurance technology start-up focused on providing solutions to real industry problems affecting commercial insurance underwriters, brokers and agents in both the standard and surplus lines markets.
price ($mm)
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closed 9/12/2018 via BNC Analysis

ComparaOnline, acquired ComparaMejor

synopsis: ComparaOnline, an online insurance and credit marketplace in Latin America, has acquired ComparaMejor, a Colombian website that allows people to compare and purchase car insurance online. ComparaMejor provides users with quotes in real-time and enables them to buy the insurance they need within minutes.
buyer: ComparaOnline
ComparaOnline is an online marketplace platform that allows consumers in Brazil, Chile and Colombia to make informed choices when purchasing insurance and financial products. ComparaOnline enables consumers to easily compare and buy car insurance, credit cards, loans, and other financial products. "
target: ComparaMejor
Founded in 2012, ComparaMejor is a Colombian website that allows people to compare and purchase car insurance online. ComparaMejor provides users with quotes in real-time and enables them to buy the insurance they need within minutes.
price ($mm)
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announced 9/22/2021 via BNC Analysis

Quantum Assurance International, Inc., will acquire Quotehound Inc.

synopsis: Quantum Assurance International, Inc, the leading insurtech agency activator, will acquire insurtech Quotehound Inc., a digital lead solutions company. This acquisition strengthens Quantum’s commitment to helping agencies succeed and providing them with the tools they need to scale in the modern market.
buyer: Quantum Assurance International, Inc.
Quantum Assurance International is an independent insurance organization serving clients through their direct channel and agency force. Quantum leverages cutting edge technology to reduce friction for the client and help match them with premier choices from top-rated insurance carriers. "
target: Quotehound Inc.
QuoteHound is an online insurance marketplace that connects consumers with multiple insurance companies and local agents. The Quotehound team provides transparent and industry leading marketing solutions to insurance agencies across the country.
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closed 7/17/2019 via BNC Analysis

Kakao Pay, acquired Inbyu

synopsis: KakaoPay Corp., fintech unit of Korea’s largest messaging app operator Kakao Corp., has acquired online insurance service startup Inbyu to bolster its portfolio. Short for “Insurance By You,” Inbyu is an online platform for purchasing insurance, allowing subscribers to choose insurance terms depending on coverage needs.
buyer parent: Kakao
buyer: Kakao Pay
Kakao Pay is the financial technology division of Kakao. Kakao Pay is a platform that goes beyond cashless to effortless that is completely different from traditional finance, which is difficult and cumbersome. "
target: Inbyu
Short for “Insurance By You,” Inbyu is an online platform for purchasing insurance, allowing subscribers to choose insurance terms depending on coverage needs, instead of having to buying a standardized insurance package.
price ($mm)
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announced 8/31/2018 via Company Press Release

Ontario Teachers' Pension Plan, will acquire Kanetix Ltd.

synopsis: Ontario Teachers' Pension Plan announced it has agreed to acquire Kanetix Ltd., Canada's largest digital customer acquisition platform and marketplace that provides quote comparison search tools for insurance and financial products.
buyer: Ontario Teachers' Pension Plan
Based in Canada, Ontario Teachers' Pension Plan is Canada's largest single-profession pension plan. It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an average annualized rate of return of 9.9% since the plan's founding in 1990. "
target: Kanetix Ltd.
Based in Canada, Kanetix Ltd. offers comprehensive product comparisons, educational content, industry news, and financial tools to help customers find the best insurance rates, mortgage rates, credit banks, and banking products.
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closed 8/9/2018 via BNC Analysis

Haven Life Insurance Agency, LLC, acquired Quilt

synopsis: Haven Life, a digitally focused subsidiary of MassMutual, has acquired Quilt, an insurtech that offers renters' and term life insurance through digital channels. Quilt takes the hassle out of insurance by creating an intuitive buying experience, easy-to- understand products, and managing the entire customer experience, from sign-up through claims.
buyer parent: MassMutual
buyer: Haven Life Insurance Agency, LLC
Haven Life is a MassMutal-backed startup that offers easy online experience for buying high-quality and affordable term life insurance. They are changing a typically time-consuming and confusing process into a simple one. "
target: Quilt
Quilt offers a family of mobile-first insurance products designed to be bought and used online. Quilt takes the hassle out of insurance by creating an intuitive buying experience and easy-to- understand products, along with managing the entire customer experience, from sign-up through claims.
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closed 2/7/2018 via Company Press Release

TIA Technology A/S, acquired goBundl

synopsis: TIA Technology, a provider of a suite of insurance applications, has acquired emerging InsurTech company goBundl. Based in Denmark, goBundl offers an online Peer-to-Peer insurance platform, based on machine learning and artificial intelligence, where people are able to bundle together to create their own insurance groups.
buyer parent: EQT
buyer: TIA Technology A/S
TIA Technology offers the industry's most flexible and comprehensive integrated suite of core insurance applications for property/casualty and composite insurers. TIA helps insurers get closer to customers through operational excellence, superior sales and service and exceptional product leadership."
target: goBundl
Based in Denmark, goBundl is an InsurTech company. goBundl offers an online Peer-to-Peer self-service insurance platform, based on machine learning and artificial intelligence, where people are able to bundle together to create their own insurance groups, composed of family, friends or sports clubs.
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closed 10/10/2019 via BusinessWire

Prudential Financial, Inc., acquired Assurance IQ

synopsis: Prudential Financial, Inc. announced that it has completed the acquisition of Assurance IQ, Inc., a profitable, fast-growing direct-to-consumer platform that transforms the buying experience for individuals seeking personalized health and financial wellness solutions.
buyer: Prudential Financial, Inc. (PRU:$65,371.00)
For 140 years, Prudential Financial has helped individual and institutional customers grow and protect their wealth. They provide customers with a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. "
target: Assurance IQ
Assurance was founded to improve the personal and financial health of every consumer and make their lives better. The company uses advanced data analytics to enable an extensive network of live agents to offer customized solutions for more people across a broader socio-economic spectrum.
price ($mm)
$2,350
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 8/21/2019 via BNC Analysis

Centerbridge Capital Partners, acquired GoHealth

synopsis: Centerbridge Partners, a New York private-equity firm, has acquired GoHealth, a company that pioneered the health insurance technology industry and aims to provide families and individuals with affordable health insurance.
buyer: Centerbridge Capital Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for their investors and business partners. "
target: GoHealth
GoHealth pioneered the health insurance technology industry. They started out as innovators with big ideas who transformed into industry leaders. Their main goal has and always will be the same: to provide families and individuals with affordable health insurance.
price ($mm)
$1,500
rev ($mm)
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closed 6/7/2016 via GlobeNewswire

Connecture, Inc., acquired ConnectedHealth, LLC

synopsis: Connecture, Inc., a provider of web-based information systems used to create health insurance marketplaces, announced its purchase of Chicago-based ConnectedHealth, LLC, a leading benefits technology company with a platform that makes it easier for consumers and employees to shop for personalized health insurance and related benefits online.
buyer: Connecture, Inc. (OTCQX:CNXR:$77.99)
Connecture is a leading web-based consumer shopping, enrollment and retention platform for health insurance distribution. It offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, and more. "
target: ConnectedHealth, LLC
ConnectedHealth is a benefits technology company with a platform that makes it easier for consumers and employees to shop for personalized insurance benefits online. Its award-winning e-commerce platform helps businesses control costs and build confidence with their financial decisions.
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announced 7/13/2020 via GlobeNewswire

Madison Dearborn Partners, will acquire Benefytt Technologies, Inc.

synopsis: Benefytt Technologies, Inc., a health insurance technology company and leading distributor of Medicare-related health insurance plans, will be acquired by funds affiliated with Madison Dearborn Partners, LLC, a leading private equity firm based in Chicago that has deep experience in the insurance technology and health care industries.
buyer: Madison Dearborn Partners
Madison Dearborn Partners, LLC (MDP), based in Chicago, is a leading private equity investment firm in the United States. Since MDP's formation, the firm has raised aggregate capital of over $26 billion and has completed over 140 investments. "
target: Benefytt Technologies, Inc. (HIIQ:$366.04)
Benefytt is a health insurance technology company that primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms.
price ($mm)[EV]
$421 [$629]
rev ($mm)
$360
EBITDA ($mm)
$34
EV / rev
1.8x
EV / EBITDA
19.5x
closed 7/12/2017 via PR Newswire

Pan-American Life Insurance Group, acquired HolaDoctor Inc.

synopsis: Pan-American Life Insurance Group (PALIG) announced that it has acquired HolaDoctor Inc. (HolaDoctor), the leading digital provider of health and wellness solutions for Hispanic audiences. HolaDoctor will operate as a wholly owned subsidiary of Pan-American Life Insurance Group with a significant level of independence.
buyer: Pan-American Life Insurance Group
Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas that has been delivering trusted financial services since 1911. The Group offers individual and/or group life, accident and health insurance, employee benefits and financial services. "
target: HolaDoctor Inc.
HolaDoctor is a leader in health services for Hispanics. It is a trusted online resource for Hispanic consumers interested in improving their health and well being. Their flagship website, HolaDoctor.com, is a leading web and mobile destination of health and lifestyle content & programs in Spanish.
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announced 6/22/2020 via BusinessWire

Lightyear Capital, will acquire HPOne

synopsis: Lightyear Capital announced that investment funds affiliated with Lightyear have agreed to acquire an indirect controlling stake in Health Plan One (HPOne), a leading technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market.
buyer: Lightyear Capital
Lightyear Capital is a financial services-focused private equity firm based in New York. Lightyear, through its affiliated private equity funds, makes primarily control investments in North America-based, middle-market financial services companies. "
target: HPOne
Health Plan One, Inc. (HPOne) is a leading technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 8/31/2017 via PR Newswire

GetInsured, acquired ACAExpress & BenefitGeek.com

synopsis: GetInsured, a leader in health insurance e-commerce, has acquired ACAExpress and its sister brand, BenefitGeek.com. ACA Express is a pioneer in building a healthcare.gov-integrated platform that streamlines Affordable Care Act health plan enrollment. BenefitGeek is an online platform that specializes in technology solutions for medical insurance.
buyer parent: Trinity Ventures
buyer: GetInsured
GetInsured helps Americans enroll in health insurance that's right for them by delivering the best health insurance ecommerce experience for consumers, employers, brokers and insurers. They also provide employers with SaaS-based technology solutions for public and private health insurance exchanges."
target: ACAExpress & BenefitGeek.com
ACA Express is a pioneer in building a healthcare.gov-integrated platform that streamlines Affordable Care Act health plan enrollment for consumers and brokers. BenefitGeek is an online platform that specializes in technology solutions for medical insurance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/17/2020 via BNC Analysis

Walmart, acquired CareZone

synopsis: Walmart, the largest retailer in the world, has acquired CareZone’s medication management technology and intellectual property. CareZone makes it easy to manage multiple medications and organize health information from your smartphone.
buyer: Walmart (WMT:$571,962.00)
Walmart is the largest retailer in the world. Each week, nearly 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites. Walmart employs over 2.2 million associates worldwide. "
target: CareZone
CareZone makes it easy to manage multiple medications and organize health information from your smartphone. CareZone provides a safe, simple, accessible place to organize the information, and coordinate the people and processes involved in caring for someone in need - a child, a parent or loved one.
price ($mm)
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