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M&A Deal Summary

Zenith American Solutions Acquires ISSI

On September 5, 2019, Zenith American Solutions acquired software company ISSI from Advanced Solutions International

Acquisition Highlights
  • This is Zenith American Solutions’ 1st transaction in the Software sector.
  • This is Zenith American Solutions’ 4th transaction in the United States.
  • This is Zenith American Solutions’ 2nd transaction in New Jersey.
Investment Fate
  • ISSI merged with another company in 2022.

M&A Deal Summary
Date 2019-09-05
Target ISSI
Sector Software
Buyer(s) Zenith American Solutions
Sellers(s) Advanced Solutions International
Deal Type Divestiture

Target

ISSI

Maple Shade, New Jersey, United States
ISSI is a software company that provides computer system software and services for the administration of multi-employer benefit funds. With more than 250 systems installed in North America, and a product suite that covers every facet of multi-employer benefit fund administration, ISSI is a provider of benefit fund administration software to fund offices and third-party administrators in the market. ISSI is based in Maple Shade, New Jersey.

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Buyer(S) 1

Buyer

Zenith American Solutions

Tampa, Florida, United States
Category Company
Founded 1944
Sector Healthcare Services
DESCRIPTION

Zenith American Solutions is an administrator to Taft-Hartley multi-employer funds in the U.S. The company's solutions enable the delivery of complex healthcare and retirement benefits to union members through its dynamic technology-enabled platform. Zenith American Solutions was founded in 1944 and is based in Tampa, Florida.

DEAL STATS #
Overall 4 of 6
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 2 of 2
Country: United States M&A 4 of 6
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Insurance Programmers

Wallingford, Connecticut, United States

Insurance Programmers, Inc. specializes in health, welfare and retirement administration services to union trust organizations located across the East Coast. Insurance Programmers is based in Wallingford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Benefits Administration

Baltimore, Maryland, United States

Benefits Administration LLC is a full-service third-party administrator. The company specializes in health, welfare, and retirement administration services to union trust organizations. Benefits Administration was founded in 1979 and is based in Baltimore, Maryland.

Buy -

Seller(S) 1

SELLER

Advanced Solutions International

Alexandria, Virginia, United States
Category Company
Founded 1991
Sector Internet Software and Services
DESCRIPTION

Advanced Solutions International is a provider of web-based software for member and donor-based not-for-profits and have served nearly 4000 clients and millions of users worldwide. Advanced Solutions International was founded in 1991 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Internet Vision Technologies

Melbourne, Australia

Internet Vision Technologies is a highly respected software provider to more than 160 Australian associations and not-for-profits. Company best-practice approach focuses on Recruitment, Engagement, Measurement, and Growth leading to increased constituent satisfaction and lifetime value.

Buy -
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