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- Zywave
Zywave Acquisition & Valuation
Zywave was acquired by Clearlake Capital for $900M in September 2020.
Zywave acquisition price
$900M
Acquired by Clearlake Capital · Sep 2020
Key investors in Zywave
Aurora Capital Partners
About Zywave
Zywave is a Milwaukee-headquartered insurtech firm delivering cloud platforms for sales, content management, analytics, and client servicing in the insurance sector. Core products include broker management systems integrated with AMS360, employee wellness portals, and risk compliance libraries. Agencies, carriers, and brokerages across North America and Europe deploy Zywave tools for health benefits administration and safety training. The company maintains content hubs covering property casualty lines and group benefits, supporting regulatory updates from state departments.
Founded
1995
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$900M (acquired Sep 2020)
Zywave Acquisition
Zywave was acquired by Clearlake Capital for $900M on 17 September 2020.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 17 Sep 2020 | PE buyout | $900M |
Sources: prnewswire.com
Zywave Funding History
Zywave has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Nov 2013 | Secondary | Aurora Capital Partners | Zywave announced the sale of its Insurance Solutions business to Aurora Capital Group on November 4, 2013, providing an exit for Vista Equity Partners from that part of the company. The acquired business supplied content, communications tools, agency automation and analytical software to employee benefits and property and casualty insurance distributors. It would continue operating under the Zywave name after the transaction. Vista retained the separate financial planning software operation, which was subsequently renamed Advicent Solutions, so the sale did not represent a disposal of all activities then conducted under the Zywave corporate umbrella. Financial Technology Partners advised Zywave and Vista and described Vista as the company’s controlling shareholder. The parties expected the transaction to close within approximately thirty days and did not disclose financial terms. Aurora intended to support further development of the insurance technology platform, while Vista’s retained financial planning investment continued on its own path. |
Who has invested in Zywave?
1 investor has backed Zywave across its funding rounds, including Aurora Capital Partners.
Zywave Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Zywave investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Zywave
Zywave has acquired 14 companies to date.
Last acquisition by Zywave was on June 9th 2022. Zywave acquired Strategic Insurance Software for undisclosed valuation.
Latest Acquisitions by Zywave
| Description | Strategic Insurance Software is a web-based agency management platform for independent insurance brokers. It integrates sales automation, digital client portals, marketing tools, and carrier connections. The system supports policy quoting, renewals, and compliance tracking with API partnerships. United States-based, Strategic Insurance Software streamlines operations for property-casualty agencies through secure cloud architecture. | ClarionDoor is a SaaS provider of insurance rating and quoting engines supporting personal, commercial, and life lines. Its cloud platform integrates with agency management systems via APIs and adheres to ACORD standards. Headquartered in Coral Springs, Florida, the company serves independent agencies, carriers, and MGAs with configurable rules engines and multi-carrier comparisons. ClarionDoor processes quotes in under five seconds across 50 states. | IBQ Systems is a developer of insurance agency management software built on a transactional platform. The system fetches carrier files, enables policy management by agents and policyholders, processes endorsements, and returns updates to carriers. It delivers real-time rating from carrier systems for precise quoting, serving independent agencies throughout the United States. | Modgic is a software provider delivering workers' compensation and mod analysis tools for commercial insurers. The platform automates experience modification calculations, risk assessments, and premium audits using data from payroll and claims sources. Modgic serves P&C carriers and agencies from modgic.com, enhancing accuracy in underwriting decisions. | |
| HQ Country | |||||
| HQ City | Columbus, OH | Santa Barbara, CA | Spokane, WA | Bend, OR | |
| Deal Date | 9 Jun 2022 | 30 Nov 2021 | 30 Jun 2021 | 13 May 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Zywave acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Zywave Competitors
Zywave competitors include listed companies like HealthStream and Lunit, and private ones like AgentSync, Axtria, Helian Health and Heidi Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $11M | - | $1.2B | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - | ||
| Private | $50M | - | $901M | 18.0x | ||
| Publicly listed | $304M | $63M | $884M | 2.4x | ||
| Publicly listed | $61M | ($9M) | $850M | 12.4x |
Zywave Public Comps
Zywave is no longer listed, but its public comps include Sukoon Insurance, HealthStream, Lunit, B-Soft Co., Hangzhou Pinming Software, iFLYHealth, Phreesia, MedicalSystem Technology, PHC Holdings and RaySearch Labs.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $889M | $125M | 1.0x | - | 7.1x | - | |||
| $304M | $63M | 2.6x | 2.4x | 12.3x | 10.2x | |||
| $61M | ($9M) | 13.0x | 12.4x | (91.1x) | (15.4x) | |||
| $158M | ($37M) | 5.0x | 5.1x | (20.9x) | (21.0x) | |||
| $66M | $8M | 11.4x | 10.9x | 91.4x | - | |||
| $137M | ($7M) | 7.5x | 5.9x | (147.8x) | 507.9x | |||
| $481M | $27M | 1.6x | 1.5x | 28.5x | 6.4x | |||
| $45M | $12M | 22.4x | 17.8x | 83.7x | 69.5x | |||
This data is available for Pro users. Sign up to see all Zywave competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zywave
| When was Zywave founded? | Zywave was founded in 1995. |
| Where is Zywave headquartered? | Zywave is headquartered in Milwaukee, WI, United States. |
| Is Zywave publicly listed? | No, Zywave was acquired by Clearlake Capital in September 2020. |
| Who acquired Zywave? | Zywave was acquired by Clearlake Capital in September 2020. |
| How much was Zywave acquired for? | Zywave was acquired for $900M in September 2020. |
| Who are Zywave's investors? | Zywave's investors include Aurora Capital Partners. |
| Which companies are comparable to Zywave? | Companies comparable to Zywave include AgentSync, Axtria, Helian Health, Heidi Health, HealthStream and Lunit. |
| How many companies has Zywave acquired? | Zywave has acquired 14 companies, including Strategic Insurance Software, ClarionDoor, IBQ Systems, Modgic and Enquiron. |
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