Clearlake Capital Acquires Zywave and Advisen to Build InsurTech Platform
November 17, 2020
Clearlake Capital completed its acquisition of Zywave and also acquired Advisen, combining Zywave's front-office insurance SaaS with Advisen's insurance data and analytics to form a buy-and-build InsurTech platform. Aurora Capital Partners (the prior majority owner of Zywave) is investing alongside Clearlake to support accelerated organic and inorganic growth; the combined company will be led by Zywave CEO Jason Liu. Financial terms were not disclosed.
- Targets
- Zywave, Inc., Advisen Ltd.
- Platforms
- Zywave, Inc.
- Industry
- Cloud & SaaS
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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