M&A Deal Summary

iContracts Acquires PolicyMedical

On July 6, 2018, iContracts acquired internet software and services company PolicyMedical for 20M USD

Acquisition Highlights
  • This is iContracts’ 1st transaction in the Internet Software and Services sector.
  • This is iContracts’ largest (disclosed) transaction.
  • This is iContracts’ 1st transaction in Canada.
  • This is iContracts’ 1st transaction in Ontario.

M&A Deal Summary
Date 2018-07-06
Target PolicyMedical
Sector Internet Software and Services
Buyer(s) iContracts
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Berkery, Noyes & Co. (Financial)

Target

PolicyMedical

Richmond Hill, Ontario, Canada
PolicyMedical is provider of cloud-based policy lifecycle management solutions. PolicyMedical’s solutions increase productivity while simultaneously enhancing quality and compliance management. PolicyMedical’s completely cloud-based offerings enable short customer deployment timelines by both minimizing IT staff involvement and providing vital implementation services.

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Buyer(S) 1

Buyer

iContracts

Bridgewater, New Jersey, United States
Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

iContracts, Inc. is a provider of cloud-based contract, compliance, and revenue management solutions. iContracts’ goal is simple to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. iContracts was founded in 2007 and is based in Bridgewater, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 PolicyStat

Carmel, Indiana, United States

PolicyStat LLC is a provider of cloud based policy lifecycle management solutions. PolicyStat’s solution increases productivity while simultaneously enhancing quality and compliance management. PolicyStat’s completely cloud-based offerings enable short customer deployment timelines by both minimizing IT staff involvement and providing vital implementation services.

Buy -
Mergr

Product

Company

Legal