CCC Intelligent Solutions Acquires EvolutionIQ for $730 Million

CCC Intelligent Solutions Acquires Safekeep

February 9, 2022

Cloud & SaaS

CCC Intelligent Solutions has acquired Safekeep, an AI-driven insurtech that digitizes subrogation across P&C lines. The acquisition extends CCC’s AI-powered, end-to-end claims platform to include automated subrogation management across auto, property, and workers’ compensation, advancing straight-through claims processing.

Xpansiv to Acquire Evolution Markets

August 4, 2022

Professional Services

Xpansiv announced an agreement to acquire Evolution Markets, a brokerage firm serving global carbon, renewable, and energy markets. The combined platform is expected to be completed before year-end, subject to regulatory approvals and customary closing conditions, with Evolution Markets to operate as a wholly owned subsidiary.

Dragoneer-SPAC Merger with CCC Information Services

February 3, 2021

Cloud & SaaS

Dragoneer Growth Opportunities Corp. has entered into a definitive business combination with CCC Information Services Inc., creating CCC Intelligent Solutions Holdings Inc. The transaction will take CCC public via the SPAC, provide approximately $968 million of net proceeds (assuming no redemptions), and is intended to accelerate CCC's product innovation and growth in the P&C insurance economy.

ToolsGroup Acquires Evo

September 27, 2023

AI & Machine Learning

ToolsGroup has acquired Evo, an AI/ML provider of pricing and inventory prescriptive analytics, to integrate Evo's responsive AI, quantum learning, and advanced prescriptive capabilities into ToolsGroup’s SO99+ and JustEnough supply chain and price optimization suites. The acquisition strengthens ToolsGroup’s dynamic planning and price-optimization capabilities and is supported by ToolsGroup’s private-equity backer Accel‑KKR.

FLEX Capital Acquires Evo IT GmbH

October 7, 2025

Software

FLEX Capital has acquired Evo IT GmbH, a Vienna-headquartered custom software provider (brands Evolit and Evol.X) serving mobility, energy, public sector and industrial clients. Frankfurt-based investor VR Equitypartner, the majority shareholder since 2019, sold its stake while the founders remain partially invested and the existing management team will continue to lead the company as it pursues geographic expansion in Germany and capability growth (particularly AI).

Majesco Acquires Global IQX

October 3, 2022

Cloud & SaaS

Majesco has acquired Global IQX, a SaaS insurtech that provides underwriting workbench, enrollment and AI solutions, adding sixteen customers and product capabilities. The deal integrates Global IQX’s underwriting, enrollment and intelligence tools into Majesco’s L&AH policy and absence management portfolio to accelerate capability expansion, speed to market and digital transformation for insurers.