M&A Deal Summary

ITC Acquires Assurance Systems

On November 5, 2018, ITC acquired information technology company Assurance Systems

Acquisition Highlights
  • This is ITC’s 1st transaction in the Information Technology sector.
  • This is ITC’s 2nd transaction in the United States.
  • This is ITC’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-11-05
Target Assurance Systems
Sector Information Technology
Buyer(s) ITC
Deal Type Add-on Acquisition
Advisor(s) Morgan Partners (Financial)

Target

Assurance Systems

Norcross, Georgia, United States
Assurance Systems, Inc. is an insurance technology provider in the southeastern United States. Assurance Systems product offerings include AccuAuto, its auto insurance comparative rating system; AccuAgency, its agency management system; and AgencyThrive, its website platform.

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Buyer(S) 1

Buyer

ITC

Carrollton, Texas, United States
Category Company
Founded 1983
Sector Software
DESCRIPTION

ITC is a provider of marketing, rating, and management software and services to the insurance industry, including independent agents and insurance carriers. ITC helps its customers across the United States grow their businesses and become more efficient through the philosophy of providing quality software and services. Currently, ITC serves more than 200 insurance companies and more than 6,000 agencies. ITC was founded in 1983 and is based in Carrollton, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Georgia) 1 of 2
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Multico-Online

United States

Multico has provided quality, easy-to-use rating products to improve efficiency for more than 200 insurance agencies and more than 60 insurance carriers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Agency Matrix

Duluth, Georgia, United States

Agency Matrix is an insurance technology provider. Agency Matrix’s product offerings include its agency management system, insurance agency websites, document management, and a virtual employee.

Buy -
Mergr

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