Add-on Acquisition • Software

CCC Intelligent Solutions Acquires ProcessClaims

On May 31, 2006, CCC Intelligent Solutions acquired software company ProcessClaims from Vector Capital

Acquisition Context
  • This is CCC Intelligent Solutions’ 1st transaction in the Software sector.
  • This is CCC Intelligent Solutions’ 1st transaction in the United States.
  • This is CCC Intelligent Solutions’ 1st transaction in California.

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M&A Deal Summary

Date May 31, 2006
Target ProcessClaims
Sector Software
Buyer(s) CCC Intelligent Solutions
Sellers(s) Vector Capital
Deal Type Add-on Acquisition

Target Company

ProcessClaims

Manhattan Beach, California, United States
ProcessClaims, Inc. is a provider of software connectivity and business process solutions designed to boost productivity, enhance customer service and deliver significant return on existing IT investments.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 5
Sector: Software 1 of 3
Type: Add-on Acquisition 1 of 4
State: California 1 of 2
Country: United States 1 of 5
Year: 2006 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-03 Integrated Collision Management

Redondo Beach, California, United States

Integrated Collision Management, Inc. is a provider of shop management software to the collision industry.

Buy -

Seller Profile 1

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.


Deal Context for Seller #
Overall 7 of 34
Sector: Software 4 of 13
Type: Add-on Acquisition 6 of 18
State: California 4 of 11
Country: United States 7 of 29
Year: 2006 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-04 Savi Technology

Alexandria, Virginia, United States

Savi Technology, Inc. is a provider of RFID solutions that deliver value through real-time visibility, asset management, shipment management, inventory optimization, and global supply chain security.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 WatchGuard

Seattle, Washington, United States

WatchGuard provides network security. The company’s Firebox X family of upgradeable appliances delivers the performance, functionality and security strength to meet the needs of small and medium sized organizations. All WatchGuard products include a LiveSecurity Service subscription for vulnerability alerts, software updates, expert security instruction, as well as individualized and self-help customer care. WatchGuard was founded in 1996 and is based in Seattle, Washington.

Buy $151M