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Xceedance completes acquisition of Millennium Information Services, Inc. to enhance underwriting support and analytics capabilities

Sep 24, 2024about 1 year ago

Acquiring Company

Xceedance

Acquired Company

Millennium Information Services

BostonItascaInsuranceInformation TechnologyAnalytics

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.

Company Information

Company

Xceedance

Location

Boston, Massachusetts, United States

About

Xceedance provides strategic operations support, technology, and data services to drive efficiencies for insurance organizations worldwide. The company helps insurers launch products, implement intelligent technology, deploy advanced analytics, and achieve business process optimization. For more information, visit www.xceedance.com.

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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