Announced
Financials
Sources
Tags
risk management
Single Bidder
Online and Social Platforms
insurance
Acquisition
Majority
property intelligence
United States
Pending
Friendly
Cross Border
Private
Synopsis
Thoma Bravo backed-Nearmap, a location intelligence and aerial imagery solutions provider, agreed to acquire Betterview, a property intelligence and risk management platform in the insurance industry. Financial terms were not disclosed. "The Nearmap acquisition of Betterview is transformative for the industry. Integrating the Betterview platform and AI solutions into the Nearmap technology stack will enable better visualization of the truth on the ground with a richer, more powerful set of AI capabilities that combine the best of both companies. This is a significant milestone in our ongoing efforts to innovate solutions for insurance carriers, and expand our presence within the property and casualty space," Andy Watt, Nearmap CEO.
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