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  6. FRISS Acquires Polonious

M&A Deal Summary

FRISS Acquires Polonious

On March 7, 2022, FRISS acquired software company Polonious

Acquisition Highlights
  • This is FRISS’s 1st transaction in the Software sector.
  • This is FRISS’s 2nd transaction in the United States.
  • This is FRISS’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-03-07
Target Polonious
Sector Software
Buyer(s) FRISS
Deal Type Add-on Acquisition

Target

Polonious

Boynton Beach, Florida, United States
Polonious is a provider of case management systems in the insurance industry. The unique approach to fully-configurable case management has helped insurers save on labor and fraud costs, reduce their need for IT involvement, and protect their brands. Polonious was founded in 2005 and is based in Boynton Beach, Florida.

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Buyer(S) 1

Buyer

FRISS

Utrecht, Netherlands
Category Company
Founded 2006
Sector Software
DESCRIPTION

FRISS is a provider of analytics software for fraud, risk, and compliance for P&C insurers. FRISS's platform delivers a reliable risk indication. Based on AI and machine learning techniques, the FRISS Score indicates the risk for each quotation, policy or claim, increasing straight-through processing (STP), and supporting digitization. FRISS was founded in 2006 and is based in Utrecht, Netherlands.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Terrene Labs

Mason, Ohio, United States

Terrene Labs provides solutions for next-generation digital underwriting. Turning a manual, multi-day process into an automated solution that arrives in seconds, Terrene takes the chore out of an underwriter’s job and allows them to focus on the tasks that really matter. Terrene customers appreciate the long-term value of instantly understanding every risk in their book of business, proven through the loyalty and strong relationship of their customer base. Terrene Labs is based in Mason, Ohio.

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