Insurance tech provider Zywave is on an
The deal is Zywave’s fourth purchase in six months and expands the company’s presence in the commercial insurance industry. Zywave did not disclose the financial details of the purchase.
Read More:
“The acquisition of Modgic is an exciting step as Zywave continues to consolidate the insurtech marketplace and expand its footprint, both in the U.S. and internationally,” Zywave CEO Jason Liu said in a release. “By combining the best aspects of the two solutions together, we look forward to bringing a superior product to our shared customers.”
Zywave will incorporate Modgic’s streamlined reporting and analysis features into its own analytics cloud platform and its existing modification analysis tool, called ModMaster.
“We are thrilled about the opportunity to work with a successful, established player in the industry to further enhance our solutions and bring a truly unsurpassed, robust offering to the marketplace,” Modgic CEO Scott Knowles said in a release.
Read More:
This is
Read More:
Zywave doesn't have any plans to slow down its M&A activity in the business solutions space, Liu recently told Employee Benefit News.
“Our acquisition pace continues to pick up as we constantly look to add complementary options to our existing Zywave products,” Liu said. “We have great momentum and excitement around these acquisitions and plan to continue adding value and outstanding service to our partners.”
