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New Deal


Announced

Completed

Vertafore and Roper Technologies completed the acquisition of MGA Systems from Polaris Partners.

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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Software

Friendly

Completed

Private

Acquisition

Single Bidder

Domestic

Majority

United States

software development

Synopsis

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Vertafore, a modern insurance technology firm, and Roper Technologies, an American diversified industrial company, completed the acquisition of MGA Systems from Polaris Partners, a private equity firm. Financial terms were not disclosed. "As the MGA market continues to grow, it is more important than ever for MGAs to have integrated technology solutions that strengthen their ability to make informed risk and pricing decisions. MGA Systems has been at the forefront of the industry's work in this area. I am very pleased to welcome the MGA Systems team into the Vertafore family, along with the wealth of talent, passion, and expertise they bring," Amy Zupon, Vertafore CEO.

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