M&A Deal Summary

Zywave Acquires ITC

On November 24, 2020, Zywave acquired software company ITC from Accel-KKR

Acquisition Highlights
  • This is Zywave’s 2nd transaction in the Software sector.
  • This is Zywave’s 2nd transaction in the United States.
  • This is Zywave’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-11-24
Target ITC
Sector Software
Buyer(s) Zywave
Sellers(s) Accel-KKR
Deal Type Divestiture

Target

ITC

Carrollton, Texas, United States
ITC is a provider of marketing, rating, and management software and services to the insurance industry, including independent agents and insurance carriers. ITC helps its customers across the United States grow their businesses and become more efficient through the philosophy of providing quality software and services. Currently, ITC serves more than 200 insurance companies and more than 6,000 agencies. ITC was founded in 1983 and is based in Carrollton, Texas.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Zywave

Milwaukee, Wisconsin, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Zywave is a provider of SaaS solutions that drive improved performance in sales, marketing and customer retention for commercial insurance and benefits brokerages. The company’s products deliver more initial prospect meetings, better close rates, shorter selling cycles and higher customer retention in the intensely competitive brokerage market. Zywave serves the vast majority of the leading brokerages in the U.S. including both large and small- to medium-sized brokers in all 50 states. Zywave is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 7
Sector (Software) 2 of 4
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Advisen

New York, New York, United States

Advisen is a provider of software and data solutions to the commercial property and casualty insurance market. Advisen was founded in 2000 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Enquiron

Boston, Massachusetts, United States

Enquiron is a provider of risk management solutions to employers in all 50 states, across various industries, sectors, and sizes. Enquiron has revolutionized the way that services impacting Human Resources, Employment, Healthcare, Retirement, Cyber Security, and more are delivered to and utilized by employers. Enquiron is a trusted partner to organizations that need specific answers to specific questions. Enquiron was founded in 1996 and headquartered in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.

DEAL STATS #
Overall 31 of 54
Sector (Software) 14 of 23
Type (Divestiture) 2 of 2
State (Texas) 3 of 4
Country (United States) 25 of 44
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 TrueCommerce

Cranberry Township, Pennsylvania, United States

TrueCommerce is a platform that provides digital connectivity and business system integration between buyers/sellers and their trading partners as well as an assortment of value-added supply chain software applications. TrueCommerce was founded in 1995 and is based in Cranberry Township, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Symfonia

Warsaw, Poland

Symfonia is a provider of cloud business management solutions for SMEs. Symfonia offers four best-in-class products (Symfonia 50Cloud, Symfonia ERP, Symfonia Kadry i Płace One Payroll, and Symfonia Start) to a diversified base of loyal clients. Symfonia recently transitioned from a licensing model to a subscription model, achieving robust top-line growth and enhanced profitability. Symfonia was founded in 1995 and is based in Warsaw, Poland.

Buy -
Mergr

Product

Company

Legal