Socotra Acquires Avolanta to Add Unified Agent and Customer Portal

May 19, 2022

Socotra has acquired Avolanta and will integrate Avolanta's unified agent and customer portal into Socotra's policy core as Socotra Unified Portal. The deal brings frontend experience and agent/broker collaboration capabilities to Socotra's cloud-native insurance platform, enabling faster product development and improved digital distribution.

Buyers
Socotra
Targets
Avolanta
Industry
Cloud & SaaS
Location
South Carolina, United States
Transaction Type
Buyout

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