M&A Deal Summary

Verisk Acquires Flexible Architecture and Simplified Technology

On December 4, 2019, Verisk acquired software company Flexible Architecture and Simplified Technology from NexPhase Capital for 194M USD

Acquisition Highlights
  • This is Verisk’s 9th transaction in the Software sector.
  • This is Verisk’s 7th largest (disclosed) transaction.
  • This is Verisk’s 17th transaction in the United States.
  • This is Verisk’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-12-04
Target Flexible Architecture and Simplified Technology
Sector Software
Buyer(s) Verisk
Sellers(s) NexPhase Capital
Deal Type Add-on Acquisition
Deal Value 194M USD

Target

Flexible Architecture and Simplified Technology

Iselin, New Jersey, United States
Flexible Architecture and Simplified Technology LLC (FAST) is a provider of core software solutions including policy administration, new business, underwriting, distribution management and claims processing to the insurance industry.

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Buyer(S) 1

Buyer

Verisk

Jersey City, New Jersey, United States
Category Company
Founded 1971
Sector Information Technology
Employees7,500
Revenue 2.7B USD (2023)
DESCRIPTION

Verisk is a source of information about risk.offer risk assessment services and decision analytics for professionals in many fields. property/casualty insurance, financial services, healthcare, government, human resources. Verisk was based in 1971 and is based in Jersey City, New Jersey.

DEAL STATS #
Overall 32 of 38
Sector (Software) 9 of 10
Type (Add-on Acquisition) 29 of 34
State (New Jersey) 1 of 1
Country (United States) 17 of 21
Year (2019) 3 of 3
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Genscape

Louisville, Kentucky, United States

Genscape, Inc. is a provider of energy information for commodity and financial markets. Genscape was founded in 1999 and is based in Louisville, Kentucky.

Buy $364M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Verisk Analytics - Imagery Sourcing Group

Jersey City, New Jersey, United States

Verisk Analytics' Imagery Sourcing Group provides a fleet of fixed-wing aircraft and aerial operations, mapping business, and oblique aerial image libraries together with Vexcel’s sensor business and data program will create the world’s leading geospatial data library.

Sell -

Seller(S) 1

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 15 of 22
Sector (Software) 2 of 3
Type (Add-on Acquisition) 6 of 9
State (New Jersey) 1 of 1
Country (United States) 14 of 21
Year (2019) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Surgent

Radnor, Pennsylvania, United States

Surgent provides continuing professional education and exam preparation courses to the accounting, finance and healthcare sectors. Surgent’s services help exam takers become credentialed and satisfy required credit hours and remain informed on the latest trends in their industries thereafter. Surgent was founded in 1985 and is based in Radnor, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 DealerOn

Rockville, Maryland, United States

DealerOn provides dealers the highest-converting websites, most comprehensive SEO, and the most advanced end-to-end digital advertising solutions in automotive. DealerOn uses data, testing, and optimization to help dealers sell and service more cars, more profitably. DealerOn was founded in 2004 and is based in Rockville, Maryland.

Buy -
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