Zywave M&A forges on with software company buy
Summary
The deal is Zywave’s fourth purchase in six months and expands the company’s presence in the commercial insurance industry. “By combining the best aspects of the two solutions together, we look forward to bringing a superior product to our shared customers.” Zywave will incorporate Modgic’s streamlined reporting and analysis features into its own analytics cloud platform and its existing modification analysis tool, called ModMaster. “We are thrilled about the opportunity to work with a successful, established player in the industry to further enhance our solutions and bring a truly unsurpassed, robust offering to the marketplace,” Modgic CEO Scott Knowles said in a release. “Our acquisition pace continues to pick up as we constantly look to add complementary options to our existing Zywave products,” Liu said. “We have great momentum and excitement around these acquisitions and plan to continue adding value and outstanding service to our partners.”