insurance technology merger News

Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion

Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion. Roper said the Vertafore management team led by CEO Amy Zupon will continue to lead the business from its Denver, …

Roper Technologies in Talks to Buy Vertafore for $5.5 Billion, Reuters Reports

Roper Technologies Inc. is in talks to acquire Vertafore for close to $5.5 billion, Reuters reported, citing people familiar with the matter who weren’t identified. The acquisition would be the biggest ever for the Sarasota, Florida-based maker of industrial equipment, …

Insurance Broker Acrisure Acquires Tulco’s Artificial Intelligence Insurance Business

Insurance broker Acrisure announced that it has acquired artificial intelligence (AI) company Tulco LLC’s insurance practice with the aim of bringing data science, AI and machine learning capabilities to the insurance brokerage industry. Acrisure said it will harness AI capabilities …

Sapiens Acquires Delphi Technology

Insurance software provider Sapiens International Corp. has agreed to acquire Delphi Technology Inc., a software vendor focused on the medical professional liability insurance carrier markets. The total consideration is up to $19.5 million in cash. Delphi reported 2019 full-year revenue …

Private Equity Firm Thoma Bravo to Acquire Insurance Software Firm Majesco for $594M

Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the company at $594 million. Following the closing of …

Bain, Vista Said to Be Weighing Sale of Software Firm Vertafore. Could It Bring $5 Billion?

Vista Equity Partners and Bain Capital are in the early stages of weighing a sale of insurance software maker Vertafore Inc., according to people familiar with the matter. The Denver-based company could be worth up to $5 billion in a …

Weather Analytics Expands with Acquisition of Software Firm Athenium

Insurance and risk data firm Weather Analytics said it has further expanded its offerings beyond weather information by acquiring Athenium Inc., a Waltham, Massachusetts-based claims and underwriting assessment software company. Washington, D.C.-based Weather Analytics said it is also investing more …

Insurity Acquires Valen Analytics

Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial terms. Valen is perhaps best known for its InsureRight Platform and its predictive analytic products designed …

Duck Creek Technologies Acquires Data Management Software Firm Yodil

Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based in Charlotte, North Carolina. Details of the transaction were …

Technology Firm Majesco Completes Acquisition of Consultant Agile

Insurance technology firm Majesco said it has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of over $9 million. In December 2014, Majesco announced that it had agreed to acquire the insurance …