M&A Deal Summary

Acturis Acquires ICE InsureTech

On November 6, 2017, Acturis acquired insurance company ICE InsureTech from Hubio Technologies

Acquisition Highlights
  • This is Acturis’ 2nd transaction in the Insurance sector.
  • This is Acturis’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-06
Target ICE InsureTech
Sector Insurance
Buyer(s) Acturis
Sellers(s) Hubio Technologies
Deal Type Divestiture

Target

ICE InsureTech

Surrey, United Kingdom
ICE InsureTech Ltd. is an insurance management software that enables businesses to manage policies, claims, rating, billing and reporting services. ICE InsureTech Ltd. was established in 2002 and is based in Surrey, UK.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Acturis

London, United Kingdom

Category Company
Founded 2000
Sector Internet Software and Services
Employees1,010
DESCRIPTION

Acturis offers a multi-tenant SaaS platform providing administration, distribution, and underwriting capabilities to insurers and insurance brokers. Acturis was founded in 2000 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 Nordic Insurance Software A/S

Copenhagen, Denmark

Nordic Insurance Software A/S is a provider of insurance software in the travel and assistance, expatriate and health insurance markets providing services to clients in over 30 countries.

Buy €65M

Seller(S) 1

SELLER

Hubio Technologies

Camberley, United Kingdom

Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

Hubio Technologies Ltd. is a provider of integrated technologies that connect people, devices and systems within the insurance and fleet tracking sectors. Hubio Technologies Ltd. was founded in 2002 and is based in Camberley, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1