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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