Announced
Completed
Financials
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Tags
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Acquisition
Private
Friendly
United States
software development
Single Bidder
Software
Private Equity
Domestic
Completed
Synopsis
GI Partners-backed Insurity, a provider of cloud-based software, completed the acquisition of AuSuM Systems, a provider of fully integrated, cloud-native software for P&C carriers. Financial terms were not disclosed. "We are very excited to welcome AuSuM Systems to Insurity. Many P&C carriers do not automate all or a portion of the audit and loss control processes. Even fewer integrate it with their underwriting and policy administration processes. This can cause inaccurate risk assessments and premiums. AuSuM Systems’ field-tested, industry-leading solutions combined with Insurity’s configurable software platform will help P&C insurers assess risk," Chris Lafond, Insurity CEO.
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