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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