Thoma Bravo-backed Nearmap to acquire itel from GTCR.

Thoma Bravo-backed Nearmap, a property intelligence provider, agreed to acquire itel, an insurance technology company, from GTCR, a private equity firm. Financial terms were not disclosed. "This acquisition is transformative for property insurance. We have long admired the itel brand and by bringing our two companies together, we are combining the best of property intelligence and ground-truth data to create a true end- to-end solution that meets the most critical data needs across insurance claims and underwriting," Andy Watt, Nearmap CEO.