M&A Deal Summary

Hexure Acquires Vive

On September 25, 2023, Hexure acquired software company Vive

Acquisition Highlights
  • This is Hexure’s 2nd transaction in the Software sector.
  • This is Hexure’s 3rd transaction in the United States.
  • This is Hexure’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2023-09-25
Target Vive
Sector Software
Buyer(s) Hexure
Deal Type Add-on Acquisition

Target

Vive

Providence, Rhode Island, United States
Vive is a quoting and e-submission platform for term life insurance that has partnered with term insurance carriers, more than 55 BGAs and 20,000 advisors. Its platform includes agent tools like automated case status tracking and the industry’s first consumer value score for term life, the Vive Score. Vive is based in Providence, Rhode Island.

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Buyer(S) 1

Buyer

Hexure

Colorado Springs, Colorado, United States
Category Company
Founded 1995
Sector Software
DESCRIPTION

Hexure provides innovative sales and regulatory automation solutions to the insurance and financial services industries. The company’s core product, ForeSight, is an established, industry-leading point-of-sale illustration product for multiple lines of business including life and annuities. The company also offers a fast-growing, feature-rich SaaS e-application product, FireLight, which expedites the application data collection process with an intuitive user interface. Both products serve to automate and improve the sales process and increase the revenue of retirement and insurance products offered by some of the most established financial institutions in the country. Hexure was formed in 1995 and is based in Colorado Springs, Colorado

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Rhode Island) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 MyMedicareBot

Santa Ana, California, United States

MyMedicareBot provides enrollment, lead routing, and analytics tools that drive Medicare membership growth, retention and profitability. The company’s product suite includes Field Agent Platform (a multi-carrier quoting and enrolling tool), Portfolio Analytics Platform (customized consulting service), and Member Retention and Conversion Program (AI-powered analysis of membership). MyMedicareBot was founded in 2018 and is based in Santa Ana, California.

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