M&A Deal Summary

IVANS Insurance Solutions Acquires Ask Kodiak

On August 10, 2021, IVANS Insurance Solutions acquired internet software and services company Ask Kodiak

Acquisition Highlights
  • This is IVANS Insurance Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is IVANS Insurance Solutions’ 1st transaction in the United States.
  • This is IVANS Insurance Solutions’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-08-10
Target Ask Kodiak
Sector Internet Software and Services
Buyer(s) IVANS Insurance Solutions
Deal Type Add-on Acquisition

Target

Ask Kodiak

Winchester, Massachusetts, United States
Ask Kodiak's cloud-based, software platform for property and casualty (P&C) insurers markets commercial and specialty products to independent agents and brokers complete with real-time appetite, eligibility, and product highlights critical to rating, quoting, and underwriting decisions. P&C insurers can quickly and easily add or update product information and adjust appetite on-demand to optimize inbound application flow in real-time. Extensive analytics help insurers measure product marketing efforts, and better identify new, high-performing agency partners. By providing insight into independent agent coverage needs, Ask Kodiak informs proactive insurer decisions based on real-time visibility into search trends, product market opportunities, and product performance. Ask Kodiak was formed in 2015 and is based in Winchester, Massachusetts.

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Buyer(S) 1

Buyer

IVANS Insurance Solutions

Tampa, Florida, United States

Category Company
Sector Insurance
DESCRIPTION

IVANS has supplied the property/casualty industry with managed network, electronic data interchange (EDI) and agency-company interface services.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1