Thoma Bravo acquires iPipeline
In March iPipeline was in the news for launching Solution Builder to the open market, an intelligent quote tool which enables advisers to compare protection products.
iPipeline, which is based in in Cheltenham in the UK, was founded in Pennsylvania in 1995.
Holden Spaht, a managing partner at Thoma Bravo, said: “iPipeline typifies what we look for in an investment opportunity.
“The company is a market leader with a mission critical product offering and has a strong secular growth opportunity from the continued migration of life insurance applications from print to digital.”
Tim Wallace, chief executive of iPipeline, added: “We’re pleased to be joining Thoma Bravo, which has a track record of picking exceptional high-growth vertical market technology companies.
“We expect our relationship with Thoma Bravo to help fuel organic growth and pursue complementary acquisitions that increase our value to the insurance industry as a whole.
“Thoma Bravo’s experience with high-growth companies will not only help us achieve these goals, but also aid us in our mission to continuously improve customer satisfaction levels.”