M&A Deal Summary

Towers Watson Acquires Brovada Technologies

On October 1, 2015, Towers Watson acquired information technology company Brovada Technologies for 15M USD

Acquisition Highlights
  • This is Towers Watson’s 1st transaction in the Information Technology sector.
  • This is Towers Watson’s 4th largest (disclosed) transaction.
  • This is Towers Watson’s 1st transaction in Canada.
  • This is Towers Watson’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2015-10-01
Target Brovada Technologies
Sector Information Technology
Buyer(s) Towers Watson
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Brovada Technologies

Rothesay, New Brunswick, Canada
Brovada Technologies, Inc. is specializes in connectivity, integration, and business process improvement for property & casualty (P&C) insurance carriers, managing general agents, and insurance brokers and agencies.

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Buyer(S) 1

Buyer

Towers Watson

Arlington, Virginia, United States
Category Company
Founded 1865
Sector Business Services
Employees16,500
Revenue 3.6B USD (2015)
DESCRIPTION

Towers Watson is a global professional services company that helps organizations improve performance through effective people, risk and financial management. With 16,000 associates around the world, Company offer consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management.

DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (New Brunswick) 1 of 1
Country (Canada) 1 of 1
Year (2015) 3 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Towers Watson - Human Resources Service Delivery Practice

Arlington, Virginia, United States

Towers Watson's HRSD practice is a provider of HR transformation consulting and services with a focus on Workday implementations.

Sell -
Mergr

Product

Company

Legal