Announced
Completed
Financials
Tags
software-as-a-service
Software
software development
United States
Acquisition
Majority
Completed
Single Bidder
Domestic
Private
Friendly
Synopsis
Insurance Quantified, a commercial P&C underwriting technology provider, completed the acquisition of Groundspeed Analytics, an ingestion and data solutions provider for the commercial P&C industry. Financial terms were not disclosed. "This is a powerful combination. We look forward to leveraging our collective strengths to deliver even greater value to our clients, which together include more than 15 of the most innovative and respected carriers and MGAs in the insurance industry. With the company's size, breadth, and backing from Two Sigma, Insurance Quantified stands alone as a trusted partner that the industry can count on over the long term for underwriting technology," Brian Modesitt, Insurance Quantified CEO.
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