M&A Deal Summary

Insurity Acquires Maprisk

On October 7, 2021, Insurity acquired software company Maprisk

Acquisition Highlights
  • This is Insurity’s 6th transaction in the Software sector.
  • This is Insurity’s 12th transaction in the United States.
  • This is Insurity’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-10-07
Target Maprisk
Sector Software
Buyer(s) Insurity
Deal Type Add-on Acquisition

Target

Maprisk

Portland, Michigan, United States
Maprisk provides geospatial data and analytics software to enable underwriting automation and allows P&C carriers and MGAs to smartly plan and proactively respond to natural disasters. Maprisk was founded in 2016 and is based in Portland, Michigan.

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Buyer(S) 1

Buyer

Insurity

Hartford, Connecticut, United States

Category Company
Founded 1971
Sector Information Technology
DESCRIPTION

Insurity provides innovative and flexible insurance technology that allows clients to meet their business goals and offer a simplified experience. With the market's most advanced cloud operations, Insurity's platform offers scalable, highly secure and reliable solutions that increase speed to value. Insurity was founded in 1971 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 13 of 13
Sector: Software M&A 6 of 6
Type: Add-on Acquisition M&A Deals 13 of 13
State: Michigan M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 AuSuM Systems

Miami Beach, Florida, United States

AuSuM Systems is a fully integrated platform that enables P&C carriers to dramatically reduce the time and cost associated with data gathering and analysis, while cost-effectively expanding both the frequency of inspections and the amount of data collected. Its field-tested solutions have been in use by auditors and inspection agents in the field for nearly 20 years, processing more than 26 million audits and surveys to date. AuSuM Systems was formed in 1994 and is based in Miami Beach, Florida.

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