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Announced

FatBrain completed the acquisition of Intellagents.

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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Friendly

Pending

insuretech platform

Software

Private

insurance technology

United States

Majority

Domestic

Acquisition

Single Bidder

Synopsis

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FatBrain, a provider of AI-automation software for dynamic risk intelligence to help fight global financial crimes and similar millennial data geometry problems, completed the acquisition of Intellagents, an innovative insuretech platform. Financial terms were not disclosed. "We are excited to welcome Intellagents into the FatBrain family. Intellagents SaaS offers powerful, easy-to-use automation to accelerate Peer Intelligence growth for all participants connecting the insurance supply chain. Adding one connection per week to the insurance knowledge market, Intellagents SaaS accelerates the pace of innovation and improvement. Each such connection means actionable insights for tens of millions of businesses, hundreds of thousands of agents, many thousands of insurers and insuretechs," Peter B. Ritz, FatBrain AI Co-Founder and CEO.

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