Ignite Software Systems is a Manchester-based provider of insurance policy administration systems to brokers, MGAs, and insurers. It has signed an acquisition agreement with Sequel, a Verisk business.
The Sequel acquisition and investment will accelerate the expansion of Ignite’s technology platform and form part of Sequel’s digital ecosystem.
Ignite’s Integrated Software as a Service platform includes policy administration, rating engine and digital engagement for brokers and MGAs with specific domain expertise in motor, property, and pet insurance.
Acquisition to fuel Ignite’s growth
The deal was supported by FRP Corporate Finance and it enabled Ignite to become part of Sequel. The acquisition by the Nasdaq-listed data analytics group Verisk was worth $33 billion (nearly £24 billion).
The acquisition will accelerate the expansion of Ignite’s integrated Software as a Service platform. It targets significant organic revenue growth with the support of the wider group.
This is a licensed platform supporting policy administration, rating engine and digital engagement for…
