Vertafore Acquires Mga Systems, Expanding And Enhancing Solutions For Mgas

Jun 28, 2022•about 3 years ago

Acquiring Company

Vertafore

Acquired Company

MGA Systems

OtherFinancial ServicesInformation TechnologySoftware

Description

Vertafore®, the leader in modern insurance technology, today announced that it acquired MGA Systems, a leading provider of purpose-built software for MGAs.

Company Information

Company

Vertafore

About

As North America's InsurTech leader for more than 50 years, Vertafore is modernizing and simplifying the insurance life cycle so that our customers can focus on what matters most. Vertafore's solutions provide end-to-end connectivity across the distribution channel, improve the client and agent experience, unlock the power of data, and streamline essential workflows to drive efficiency, productivity, and profitability for independent agencies, MGAs and carriers. For more information about Vertafore, visit www.vertafore.com. ©2022 Vertafore and the Vertafore logo are registered trademarks of Vertafore. All rights reserved. All other trademarks are the property of their respective owners.

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