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Klear.Ai Acquires The Inform Business Of Cloud Software Group, Inc.

Mar 24, 2023•over 2 years ago

Acquiring Company

Klear.ai Technology

Acquired Company

Cloud Software Group

InsurtechLegal TechMachine LearningSaasArtificial IntelligenceSoftwareAnalytics

Description

Klear.ai, a pioneer in native AI insurance software solutions for claims, risk and analytic solutions, today announced the successful acquisition of the Inform business (Inform), of Cloud software Group, Inc. (Cloud Software Group). Inform is a Risk Management Information System (RMIS) provider of the Cloud Software Group.

Company Information

Company

Klear.ai Technology

About

Klear.ai offers a secure, modern SaaS platform with native AI insurance software solutions for Property & Casualty, Workers' Compensation Claims Administration, Risk Management, Policy Management, Analytics, and Auditing. Serving TPAs, Insurers, Self-Insureds, Pools, Government/Public entities, Brokers, and Agents across various insurance lines of business, the platform leverages over 20 years of industry and technological experience to provide efficient, easily deployable solutions. As a one-system native AI platform, Klear.ai addresses future challenges with intelligent, collaborative capabilities, superior visualization, and automation to empower customer growth. The platform harnesses the power of native AI and Machine Learning to predict, uncover, optimize, and detect thus elevating the insurance industry's capabilities while setting new benchmarks for innovation. Press & Media Contact Klear.aiAnamika BhatiPhone: +1 (714)-503-0192Email: 356108@email4pr.comWebsite: https://www.klearai.comLinkedIn: https://www.linkedin.com/company/klearaiYoutube: https://youtu.be/vSCsvokQmg0 SOURCE Klear.ai

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