M&A Deal Summary

Next Gear Solutions Acquires Accurence

On September 5, 2019, Next Gear Solutions acquired software company Accurence

Acquisition Highlights
  • This is Next Gear Solutions’ 3rd transaction in the Software sector.
  • This is Next Gear Solutions’ 4th transaction in the United States.
  • This is Next Gear Solutions’ 1st transaction in Colorado.

M&A Deal Summary
Date 2019-09-05
Target Accurence
Sector Software
Buyer(s) Next Gear Solutions
Deal Type Merger

Target

Accurence

Louisville, Colorado, United States
Accurence, Inc. is a software-as-a-service provider, provides onsite inspection and automation software for property insurance solutions. Accurence helps insurance adjusters and contractors confidently assess all homeowner peril types with its proprietary, patented technologies that automate the scope of repairs. Through mobile applications that integrate with major insurance carrier guidelines, the company delivers unprecedented efficiencies in insurance claims that build homeowner trust and drive consistently smarter business. Accurence was founded in 2005 and is based in Louisville, Colorado.

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Buyer(S) 1

Buyer

Next Gear Solutions

Oxford, Mississippi, United States
Category Company
Founded 2008
Sector Software
DESCRIPTION

Next Gear Solutions is a provider of job management and workflow software to the restoration industry. Next Gear's SaaS platform is used by thousands of restoration contractors to manage all aspects of their business. Next Gear was founded in 2008 and is headquartered in Oxford, Mississippi.

DEAL STATS #
Overall 5 of 5
Sector (Software) 3 of 3
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Moisture Mapper International

Lawrence, Massachusetts, United States

Moisture Mapper International, Inc. is a provider of restoration contractors with documentation and analytical tools that guide the drying process and reduce time spent on claim management. As Moisture Mapper gained traction in the restoration industry, in addition to providing ease of use for contractor documentation, the business focus has grown dramatically for the data analysis tools insurers and Managed Repair Programs sought to minimize open file time and quickly pay and close claims.

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