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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