Thinktum Inc Acquires Illustrate Inc
September 18, 2023
Thinktum Inc., a Waterloo, Ontario-based no-code insurance technology firm, has acquired Illustrate Inc., a provider of cloud-based life insurance illustration, e-application and point-of-sale software with operations in Overland Park, Kansas and Toronto, Ontario. The acquisition combines Thinktum's no-code underwriting and e-app solutions with Illustrate's OPUS platform to expand capabilities and service offerings for insurers and insuretechs; senior leadership roles were reallocated with Paul Reaburn as CEO and David Slabodkin as Chairman.
- Buyers
- Thinktum Inc.
- Targets
- Illustrate Inc.
- Industry
- Software
- Location
- Kansas, United States
- Transaction Type
- Buyout
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