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Announced

Completed

Serent Capital-backed XDimensional Technologies completed the acquisition of I-Engineering.

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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United States

insurance software

FinTech

Acquisition

Majority

Private

Private Equity

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Serent Capital-backed XDimensional Technologies, an insurance technology provider, completed the acquisition of I-Engineering, an insurance software firm. Financial terms were not disclosed. "We are excited to become part of the XDTI organization and see this as a tremendous opportunity for our team, our customers, and the industry overall. Combining both companies will provide a broad range of products and services with strong support to Retailers, MGAs, MGUs, Program Administrators, and Wholesalers nationwide," Naval Kapoor, I-Engineering Founder, Chairman & CEO.

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