M&A Deal Summary

Zurich Insurance Acquires AlphaChat

On December 16, 2021, Zurich Insurance acquired internet software and services company AlphaChat

Acquisition Highlights
  • This is Zurich Insurance’s 1st transaction in the Internet Software and Services sector.
  • This is Zurich Insurance’s 1st transaction in Estonia.

M&A Deal Summary
Date 2021-12-16
Target AlphaChat
Sector Internet Software and Services
Buyer(s) Zurich Insurance
Deal Type Add-on Acquisition

Target

AlphaChat

Tallinn, Estonia
AlphaChat provides conversational artificial intelligence (AI) technology for customer service automation. The Company's messaging automation product is capable of understanding natural language, authenticating users, providing personalized responses and executing transactions, making communication with customers seamless. AlphaChat was founded in 2017 and is based in Tallinn, Estonia.

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Buyer(S) 1

Buyer

Zurich Insurance

Zurich, Switzerland
Category Company
Founded 1872
Sector Insurance
Employees60,000
Revenue 70.0B USD (2023)
DESCRIPTION
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.

Zurich Insurance is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Company was formed in 1872 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 9 of 10
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (Estonia) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 HealthLOGIX

Highland Park, Michigan, United States

HealthLOGIX is a provider and distributor of health insurance ID Cards, Enrollment Kits, EOBs, and Statements. Its steadfast commitment to the provision of quality products and exceptional service has propelled HealthLOGIX to the forefront of the insurance industry. Its online solutions allow health plan clients to manage and audit materials with immediate results and approval allowances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Zurich - Life & Pensions Back Book

Zurich, Switzerland

Zurich's Life & Pensions Back Book provides a life and pension back book, composed of both traditional and unit-linked policies.

Sell -
Mergr

Product

Company

Legal