M&A Deal Summary

CCC Intelligent Solutions Acquires EvolutionIQ

On December 20, 2024, CCC Intelligent Solutions acquired internet software and services company EvolutionIQ for 730M USD

Acquisition Highlights
  • This is CCC Intelligent Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is CCC Intelligent Solutions’ largest (disclosed) transaction.
  • This is CCC Intelligent Solutions’ 5th transaction in the United States.
  • This is CCC Intelligent Solutions’ 2nd transaction in New York.

M&A Deal Summary

Date 2024-12-20
Target EvolutionIQ
Sector Internet Software and Services
Buyer(s) CCC Intelligent Solutions
Deal Type Add-on Acquisition
Deal Value 730M USD
Advisor(s) Lowenstein Sandler (Legal)

Target

EvolutionIQ

New York, New York, United States
EvolutionIQ is a platform for AI-powered guidance for disability and injury claims management. EvolutionIQ serves the group disability, individual disability, and workers' compensation markets. EvolutionIQ was founded in 2019 and is based in New York, New York.

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Buyer(S) 1

Buyer

CCC Intelligent Solutions

Chicago, Illinois, United States

Category Company
Founded 1980
Sector Software
Employees2,310
Revenue 945M USD (2024)
DESCRIPTION

CCC Intelligent Solutions is a Software as a Service provider to the automotive, insurance, and collision repair industries. CCC brings together what matters most connections into the industry’s leading automotive claims network, superior productivity through the innovative cloud, mobile, hyper-scale technologies, and apps, and insights to make the best decisions. CCC Intelligent Solutions was founded in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Safekeep

New York, New York, United States

Safekeep is an AI provider in subrogation claims management technology. Safekeep is an enterprise platform that leverages AI to speed and improve subrogation management across auto, property, workers' comp, and other insurance lines of business. Safekeep is based in New York City.

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