Verisk Acquires FAST from NexPhase Capital

December 4, 2019

Verisk Analytics has agreed to acquire Flexible Architecture & Simplified Technology, LLC (FAST) from NexPhase Capital (co-managed with Moelis Capital Partners) for $193.5 million. FAST is a New Jersey–based provider of SaaS policy administration, new business and distribution management software for life insurers; NexPhase partnered with FAST in 2015 and helped transition the business to a recurring revenue model.

Buyers
Verisk Analytics, Inc.
Targets
Flexible Architecture & Simplified Technology, LLC (FAST)
Sellers
NexPhase Capital, LP, Moelis Capital Partners (MCP) Opportunity Funds
Industry
Software
Location
New Jersey, United States
Transaction Type
Divestiture

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