Earnix completed the acquisition of Driveway Software.

Earnix, a global provider of advanced rating, pricing, and product personalization solutions, completed the acquisition of Driveway Software, a telematics company that provides a smartphone-based platform for the usage-based insurance industry. Financial terms were not disclosed. "As consumer expectations continue to evolve rapidly, insurers are under increasing pressure to provide offerings tailored to the needs of the market. As a result, the demand for UBI and BBI is helping to drive the revolution for personalized and real-time offers in insurance, providing carriers with the opportunity to differentiate themselves and create lasting customer value through relevant and timely engagement. Our powerful new solution incorporates intelligent telematics with the operational capacity and advanced analytics necessary for insurers to deliver rates and offerings in complete and precise alignment with the needs of their customers, each time," Udi Ziv, Earnix CEO.