Earnix Acquires Driveway Software's Telematics Assets
July 22, 2021
Earnix has acquired the assets of Driveway Software Corporation, including a consumer telematics app and related team, to establish a new Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI) offering. The telematics capabilities will be integrated into Earnix's pricing, rating and personalization platform to enable real-time, personalized UBI/BBI offers and improved risk modeling for insurers.
- Buyers
- Earnix
- Targets
- Driveway Software Corporation
- Sellers
- Driveway Software Corporation
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Buyout
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