M&A Deal Summary |
|
|---|---|
| Date | 2022-06-28 |
| Target | MGA Systems |
| Sector | Software |
| Buyer(s) | Vertafore |
| Sellers(s) | NetRate Systems |
| Deal Type | Divestiture |
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Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Software M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 3 of 3 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 9 of 10 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-18 |
AgencyZoom
Ohio, United States AgencyZoom is a cloud-based sales automation platform for insurance agents. Modern agencies count on software and technology solutions to create more efficient processes, automate workflows, empower employees and better serve their clients. AgencyZoom was founded in 2016 and is based in Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-04 |
Surefyre
San Francisco, California, United States Surefyre provides a cloud-based software platform for Property & Casualty insurance MGAs, wholesalers, and carriers, empowering them to automate workflows and optimize operational efficiency. Surefyre was founded in 2017 and is based in San Francisco, California. |
Buy | - |
NetRate Systems, Inc. supplies commercial lines submission, underwriting, rating, policy issuance, and data reporting and analysis solutions to the property and casualty insurance marketplace, with a focus on managing general agents (MGAs), program administrators and insurance carriers. Its solutions are designed to streamline the process of selling insurance by eliminating manual references, reducing manual data entry, automating rating through the full policy life cycle, simplifying reporting requirements, and delivering business intelligence. NetRate Systems products include nationwide rating of ISO®-based General Liability, Property, Commercial Auto, BOP, Crime, and Inland Marine, as well as NCCI Workers Comp. NetRate also offers custom development of all lines of business. NetRate’s solutions are offered via cloud-based web portals, or via web services that power point-of-sale submission, rate, quote, and issue applications. Strong industry partnerships and integrations with third-party solution providers provide seamless workflows and processes for front and back office operations.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-26 |
MGA Systems
Melville, New York, United States MGA Systems is a provider of purpose-built software for insurance industry. MGA Systems is based in Melville, New York. |
Buy | - |
