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Agencybloc Acquires Radius To Provide Enhanced Capabilities For Benefits Brokers

Feb 01, 2023•almost 3 years ago

Acquiring Company

AgencyBloc

Acquired Company

Radius

CrmMarketingMedicalBiotechnologyHealth CareTherapeuticsPharmaceutical

Description

AgencyBloc, the leading agency management system (AMS) solution provider for independent life and health insurance agencies, today announced the strategic acquisition of Radius, a growing and innovative provider of sales enablement solutions supporting life and health insurance brokers. This acquisition is part of AgencyBloc’s strategic vision and commitment to the industry, and significantly expands AgencyBloc’s sales enablement capabilities.

Company Information

Company

AgencyBloc

About

AgencyBloc is the No. 1 agency-recommended management system, helping insurance agencies secure and grow their business with an industry-specific CRM, a unique commissions processing module and an integrated marketing automation and sales pipeline tool. Headquartered in Cedar Falls, Iowa, AgencyBloc was founded in 2008.

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