M&A Deal Summary

Bold Penguin Acquires RiskGenius

On October 6, 2020, Bold Penguin acquired internet software and services company RiskGenius

Acquisition Highlights
  • This is Bold Penguin’s 1st transaction in the Internet Software and Services sector.
  • This is Bold Penguin’s 2nd transaction in the United States.
  • This is Bold Penguin’s 1st transaction in Kansas.

M&A Deal Summary
Date 2020-10-06
Target RiskGenius
Sector Internet Software and Services
Buyer(s) Bold Penguin
Deal Type Add-on Acquisition

Target

RiskGenius

Overland Park, Kansas, United States
RiskGenius provides insurance document intelligence software. RiskGenius applies machine learning to insurance policies, which enables insurance professionals to dramatically enhance the consistency of coverage they offer clients and deliver it to them faster than ever before possible. RiskGenius was established in 2016 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Bold Penguin

Columbus, Ohio, United States
Category Company
Founded 2016
Sector Insurance
DESCRIPTION

Bold Penguin is an insurance provider. Bold Penguin API-first enablement is leveraged to power both consumer and agent-facing interfaces, to create a fully customizable experience at an extraordinary speed to market-without sacrificing long-term functionality. Bold Penguin was established in 2016 and is based in Columbus, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 xagent

Reston, Virginia, United States

xagent provides unprecedented access to insurance carriers, with an innovative user-friendly interface that saves time, money, and serves the customer more effectively than the traditional quoting and binding process. xagent was established in 2015 and is based in Reston, Virginia.

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