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FT Partners Advises Enservio On Its Sale To Solera

Overview of Transaction

  • On July 19, 2016 Enservio, Inc. ("Enservio" or the "Company") announced it has entered into a definitive agreement to be acquired by Solera
  • Headquartered in Needham, Massachusetts, Enservio is the largest U.S. provider of SaaS-based software and services to the property contents insurance marketplace
  • Existing investors include Bain Capital Ventures and Matrix Partners
  • Solera Holdings ("Solera") is a leading provider of digitally-enabled risk and asset management software and services to the automotive and property marketplace
  • Acquired by Vista Equity Partners for $6.4bn in Sept. 2015

Significance of Transaction

  • Enservio's proprietary database of more than $10 billion in property contents information will add another component to Solera's Digital Home platform
  • Move signals accelerated expansion of Solera's asset management and risk protection technologies for life's most important assets
  • Acquisition leverages Solera's unique Invent & Acquire ("I&A") strategy
  • Highly-attractive outcome for both Enservio and Solera

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Enservio and its Board of Directors
  • Transaction demonstrates FT Partners’ continued success advising top-tier companies and achieving outstanding results within the Insurance IT and Services sector