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  6. Socotra Acquires Avolanta

M&A Deal Summary

Socotra Acquires Avolanta

On May 19, 2022, Socotra acquired internet software and services company Avolanta

Acquisition Highlights
  • This is Socotra’s 1st transaction in the Internet Software and Services sector.
  • This is Socotra’s 1st transaction in the United States.
  • This is Socotra’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-05-19
Target Avolanta
Sector Internet Software and Services
Buyer(s) Socotra
Deal Type Add-on Acquisition

Target

Avolanta

Columbia, South Carolina, United States
Avolanta is a cloud-based software sales and service enablement solutions for the insurance industry. Avolanta was founded in 2018 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Socotra

San Francisco, California, United States
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable. Socotra was founded in 2014 and is based in San Francisco, California.

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: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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