Checkbook completes acquisition of sureti to revolutionize insurance claims payments
Jan 09, 2025•11 months ago
Acquiring Company
Checkbook
Acquired Company
sureti
Description
Checkbook, a trailblazer in digital payments, has acquired sureti, a cutting-edge digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic acquisition positions Checkbook at the forefront of the insurtech revolution, delivering faster, smarter, and more secure payment solutions for insurance companies and their customers. By integrating sureti’s robust vendor network and innovative fund control mechanisms, Checkbook is set to redefine claims payment workflows and bring faster payments and better outcomes for carriers and policyholders.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed