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  6. iPipeline Acquires WELIS

M&A Deal Summary

iPipeline Acquires WELIS

On September 22, 2020, iPipeline acquired software company WELIS

Acquisition Highlights
  • This is iPipeline’s 4th transaction in the Software sector.
  • This is iPipeline’s 4th transaction in the United States.
  • This is iPipeline’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-09-22
Target WELIS
Sector Software
Buyer(s) iPipeline
Deal Type Add-on Acquisition
Advisor(s) Morgan Partners (Financial)

Target

WELIS

Norwood, Massachusetts, United States
WELIS is a 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. The software is constructed as a standard single life illustration system that can be transformed into a sophisticated multiple life / multiple plan system with a single button click. As a single platform, it can be used by multiple distribution channels requiring only a basic ledger to those with sophisticated multiple life COLI needs. WELIS is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

iPipeline

Exton, Pennsylvania, United States
Category Company
Founded 1995
Sector Internet Software and Services
DESCRIPTION

iPipeline is a 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. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis.

DEAL STATS #
Overall 7 of 8
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Bluesun

Burlington, Ontario, Canada

Bluesun is a provider of software solutions to the life insurance and financial services industry. Bluesun designs software products to automate core business processes for MGAs, national accounts, mutual fund dealers, banks and insurance companies. Bluesun was founded in 2001 and is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 Impact Financial Systems

Davidson, North Carolina, United States

Impact Financial Systems (IFS) is a provider of service request automation solutions for client onboarding, asset movement, maintenance, and advisor transitions. IFS service request automation solutions are deployed at some of the world’s largest brokerage, wealth, banking, and insurance companies.

Buy -
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