Porch Group Acquires Floify
October 27, 2021
Porch Group acquired Floify, a Boulder-based digital mortgage automation and point-of-sale SaaS provider, for $76.5 million in cash plus $10 million of Porch common stock. The acquisition is expected to add approximately $15 million of recurring B2B SaaS revenue in 2022 and gives Porch entry into the mortgage origination market and early access to high-intent homebuyers.
- Buyers
- Porch Group, Inc.
- Targets
- Floify
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Transaction Type
- Buyout
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