Nearmap to Acquire itel, Creating a Comprehensive Property Intelligence Platform Bridging Insurance Underwriting and Claims

The firm backed by Thoma Bravo, Nearmap, has concluded an agreement to acquire the innovative insurance technology company, itel, from the private capital firm GTCR. This transaction, which according to the original report values itel at more than $1.3 billion including debt, marks a strategic move in the competitive insurance sector.Nearmap's strategy Durified by its ease to reduce costs in the insurance companies of the property and accident s…

Nearmap to Acquire itel, Creating a Comprehensive Property Intelligence Platform Bridging Insurance Underwriting and Claims

/PRNewswire/ -- Nearmap, a leading property intelligence provider, today announced it is acquiring itel, an independent provider of critical property claims...

Deal Roundup: GTCR to sell Itel to Thoma Bravo's Nearmap, Providence buys into ATL Partners-owned GCL

GTCR has agreed to sell ITEL Laboratories to Thoma Bravo portfolio business Nearmap in a deal believed to value it at more than $1.3bn. The post Deal Roundup: GTCR to sell Itel to Thoma Bravo’s Nearmap, Providence buys into ATL Partners-owned GCL appeared first on AltAssets Private Equity News.

Roots appoints Robin Spaulding as Head of Insurance

Roots, a provider of AI-powered solutions for the insurance industry, has announced the appointment of Robin Spaulding as Head of Insurance. In this role, Spaulding will lead the ongoing development of Roots’ insurance capabilities, focusing on helping customers modernise claims and underwriting, optimise operations, and accelerate AI adoption across the insurance value chain. She will work closely with product, engineering, and customer success…

Deals: Nearmap Buys itel Property Claims

The latest acquisitions news for you; Nearmap, a leading property intelligence provider, today announced it is acquiring itel, an independent provider of critical property claims solutions including building material pricing and repair-versus-replace analysis. property claims [...] The post Deals: Nearmap Buys itel Property Claims appeared first on .