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  6. Thinktum Acquires Illustrate

M&A Deal Summary

Thinktum Acquires Illustrate

On September 18, 2023, Thinktum acquired internet software and services company Illustrate

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

M&A Deal Summary
Date 2023-09-18
Target Illustrate
Sector Internet Software and Services
Buyer(s) Thinktum
Deal Type Add-on Acquisition

Target

Illustrate

Overland Park, Kansas, United States
Illustrate provides a cloud-based, low-code platform that is purposefully created to be modular, open ended applications that are easily configured to meet the different needs of each insurance, wealth and investment company, delivering state of the art life, wealth and health illustrations, e-applications and point of sale technology. Illustrate was founded in 1989 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Thinktum

Waterloo, Ontario, Canada
Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Thinktum is a developer of insurance software designed to optimize the entire business cycle, from insurance applications to policy issues. Thinktum was founded in 2018 and is based in Waterloo, Ontario.

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: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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