M&A Deal Summary

XDTI Acquires I-Engineering

On June 15, 2023, XDTI acquired software company I-Engineering

Acquisition Highlights
  • This is XDTI’s 1st transaction in the Software sector.
  • This is XDTI’s 1st transaction in the United States.
  • This is XDTI’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-06-15
Target I-Engineering
Sector Software
Buyer(s) XDTI
Deal Type Add-on Acquisition
Advisor(s) Sherman & Company Holdings LLC (Financial)

Target

I-Engineering

Shelton, Connecticut, United States
I-Engineering is an insurance software firm. I-Engineering was founded in 1999 and is based in Shelton, Connecticut.

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Buyer(S) 1

Buyer

XDTI

Boston, Massachusetts, United States
Category Company
Founded 2001
Sector Software
DESCRIPTION

XDTI is a provider of comprehensive insurance processing and distribution solutions that empower and connect agents, brokers, wholesalers, MGAs/MGUs, program administrators, carriers, and policyholders, driving efficient business production, superior customer service, and insightful business management. The XD Insurance Processing Platform™ and the Nexsure® Agency Management Platform are scalable, secure, cloud-based, and web platforms, which allow customers to access their software remotely and securely. XDTI was founded in 2001 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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