Announced
Completed
Financials
Sources
Tags
Software
Friendly
Completed
Private
Acquisition
Single Bidder
Domestic
Majority
United States
software development
Synopsis
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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