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Simplicity Group Holdings, Inc. launches LifeLink™ after acquiring Plum Life Inc.

Jun 04, 2024•over 1 year ago

Acquiring Company

Simplicity Group Holdings

Acquired Company

Plum Life

SummitBerkeley HeightsFintechInsurance

Description

After the successful acquisition of Plum Life Inc., Simplicity Group Holdings, Inc. has launched Simplicity LifeLink™, a digital life insurance platform designed to transform and expedite the way insurance is purchased. The platform is a comprehensive solution for agents, advancing everything from quoting to application to issue, and will be available to Simplicity's independent agents, affiliated agencies, and contracted financial institution clients.

Company Information

Company

Simplicity Group Holdings

Location

Summit, New Jersey, United States

About

Simplicity is the leading partner for advisors, financial institutions, and consumers by delivering the best combination of wealth accumulation and financial protection products that meet the needs of a consumer-oriented holistic financial plan. As one of the fastest growing partnerships in the financial services industry, Simplicity offers an unrivalled array of tools and technologies to grow and protect wealth, which can be accessed through affiliation, outsourcing, or joining the partnership. In an ever-changing environment, Simplicity's commitment to working in our clients' best interest is unwavering and has always been anchored to our commitment to Education, Value, and Partnership.

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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