Zywave is a firm of insurance technology which may be in the middle of integrating new acquisition. ClarionDoor into the company, CEO Jason Liu is looking ahead for the new one. This company will be pursuing more new activities M&A in first half of 2022, He said
“We want to double the size of Zywave over the next 36 months and so there will be additional acquisitions,” Lui told. He said their might be atlest one or more acquisitions through first half of the year.
Three months ago, Milwaukee based Zywave to announce with ClarionDoor, a California is a provider of digital quoting software.
This company launched in 2010in center around cloud native, API first no code software as a service (SaaS) which is a digital distributor with a focus on carriers, MGAs and program administrators.
ClarionDoor has brought with more than 70 global customers in various property insurance lines
According to Liu, Zywave made nine acquisitions since 2018 and six in past 18 months
Other Zywave acquisitions in the insurance distributing, quoting anf proposal process space which include IBQ system in 2021, Insurance Technologies Corporation in 2020 and Rate Factory in 2019 they previously said.
They currently have more than 15000 carriers, agency and broker customers globally said the company
M& A as an art form
According to Liu, Zywave has become pretty adept at absorbing new acquisitions.
“We’ve become very advance in acquiring companies,” said Liu. “We have a team that works on the company integration, and everything from systems to properties. That process has been kicked off [with ClarionDoor] and it will take three to five months to integrate systems and property.”
They are focusing on approach to blending ClarionDoor’s product roster with its own configure,price and quote software(CPQ) for the agencies and broker