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NowCerts Acquires 20 Miles Inc, Expanding Its Footprint in the Insurance Technology Industry

Feb 15, 2024•almost 2 years ago

Acquiring Company

NowCerts

Acquired Company

20 Miles

Flower MoundSan FranciscoSoftwareInformation Technology

Description

NowCerts, a leading Insurance Agency Management system provider, has announced the acquisition of 20 Miles Inc, a renowned Insurance Vertical CRM company. This strategic move further strengthens NowCerts' commitment to innovation and enhances its capabilities in serving the insurance industry. The integration of NowCerts' robust Agency Management system with 20 Miles Inc's specialized workflow automation technology will provide a seamless, end-to-end workflow automation solution for insurance professionals, generating significant value for clients of NowCerts.

Company Information

Company

NowCerts

Location

Flower Mound, Texas, United States

About

NowCerts is a leading Insurance Agency Management system, offering cutting-edge solutions to insurance professionals. The company is dedicated to streamlining operations, enhancing customer service, and driving growth in the insurance industry.

M&A Insights

Based on deal data
Integration 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