Xceedance completes acquisition of Millennium Information Services, Inc. to enhance underwriting support and analytics capabilities
Sep 24, 2024•about 1 year ago
Acquiring Company
Xceedance
Acquired Company
Millennium Information Services
Description
Xceedance, a global leader in insurance-focused consulting, technology, operations support, and data solutions, has acquired Millennium Information Services, Inc. (MIS), one of the largest property inspection and data analytics companies in the U.S. This acquisition strengthens Xceedance’s underwriting support and analytics capabilities, adding nearly 200 team members and a nationwide contractor network of more than 1,300 inspectors, and provides a solid foundation to offer inspection and data analytics solutions to commercial carriers and MGAs.
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