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  6. Patra Acquires QBIS Insurance Solutions

M&A Deal Summary

Patra Acquires QBIS Insurance Solutions

On October 3, 2018, Patra acquired software company QBIS Insurance Solutions

Acquisition Highlights
  • This is Patra’s 1st transaction in the Software sector.
  • This is Patra’s 1st transaction in the United States.
  • This is Patra’s 1st transaction in California.

M&A Deal Summary
Date 2018-10-03
Target QBIS Insurance Solutions
Sector Software
Buyer(s) Patra
Deal Type Add-on Acquisition

Target

QBIS Insurance Solutions

Oakland, California, United States
QBIS Insurance Solutions automates the entire insurance policy life cycle, including binding, servicing and accounting. QBIS was formed in 2016 and is headquartered in Oakland, California.

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Buyer(S) 1

Buyer

Patra

El Dorado Hills, California, United States
Category Company
Founded 2005
Sector Business Services
DESCRIPTION

Patra is a technology and tech-enabled business process outsourcing provider to the insurance industry. Patra’s technology-enabled solutions bring efficiency, accuracy, and standardization to a comprehensive set of processes across the insurance value chain. Patra was founded in 2005 and is based in El Dorado Hills, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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