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New Deal


Announced

Completed

Clearlake Capital and Aurora Capital-backed Zywave completed the acquisition of Insurance Technologies from Accel-KKR.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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agency management software

Domestic

Private Equity

United States

software development

Software

Acquisition

Private

Majority

Friendly

Single Bidder

Completed

Synopsis

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Clearlake Capital and Aurora Capital-backed Zywave, a software company headquartered in Milwaukee, completed the acquisition of Insurance Technologies, a provider of marketing, rating and agency management software solutions to the insurance industry, from private equity firm Accel-KKR. Financial terms were not disclosed. "Zywave's acquisition of ITC is a significant move forward towards delivering the most comprehensive suite of software solutions to the insurance industry. ITC's robust comparative rating solution accompanied by agency management and sales enablement tools will drive tremendous value for current and future Zywave customers. We are excited to partner with Laird and the broader ITC team during this next phase of growth," Jason Liu, Zywave CEO.

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