Insurance technology company Vertafore, backed by Bain Capital Private Equity, has acquired RiskMatch, a business intelligence and analytics software firm. Financial terms of the deal were not disclosed.
RiskMatch provides metric and analytic insights for insurance intermediaries and underwriting partners throughout the U.S. Founded in 2013, the target’s platform offers portfolio management and placement capabilities, including: internal and external benchmarking tools, analytics, and information management services. RiskMatch is headquartered in Greenwich, Connecticut. As part of the deal, RiskMatch will operate as a separate business unit within Vertafore.