M&A Deal Summary

Open GI Acquires Transactor Global Solutions

On April 6, 2017, Open GI acquired software company Transactor Global Solutions for 40M GBP

Acquisition Highlights
  • This is Open GI’s 1st transaction in the Software sector.
  • This is Open GI’s 0th largest (disclosed) transaction.
  • This is Open GI’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-04-06
Target Transactor Global Solutions
Sector Software
Buyer(s) Open GI
Deal Type Add-on Acquisition
Deal Value 40M GBP

Target

Transactor Global Solutions

Hampshire, United Kingdom
website
Transactor Global Solutions Ltd. (TGSL Group) is one of the top insurance software houses in the UK providing configurable insurance software to a range of insurance brokers, underwriting agencies, insurers and MGAs.

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Buyer(S) 1

Buyer

Open GI

Warndon, United Kingdom

website

Category Company
Sector Insurance
DESCRIPTION

Open International consisted of two main operating divisions, Open GI and Countrywide Insurance Management. Open GI provides hardware, software and IT services to UK general insurance intermediaries. Countrywide Insurance Management is a network of independently owned insurance brokers who work together with Insurers to provide superior products and servicing for their customers. Open GI is based in Warndon, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
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