Clearlake Capital Enters into a Definitive Agreement to Acquire SaaS Insurance Technology leader Zywave From Aurora Capital Partners

Cision PR Newswire | September 17, 2020

Clearlake Capital Enters into a Definitive Agreement to Acquire SaaS Insurance Technology leader Zywave From Aurora Capital Partners
Clearlake Capital Group, L.P. today announced that it has signed a definitive agreement to acquire Zywave, Inc. The leading software-as-a-service ("SaaS") provider of front office insurance solutions, from Aurora Capital Partners. The Company will continue to be led by Jason Liu, Chief Executive Officer, and the current management team, who are investing alongside Clearlake in the transaction. Financial terms were not disclosed. Clearlake's investment in Zywave is a true game-changer, said Mr. Liu of Zywave. "This move will enable us to both accelerate our growth organically and increase our pace of acquisitions moving forward. Zywave is already a proven InsurTech leader, delivering end-to-end solutions to insurance professionals globally, and now we will have the opportunity to further expand upon our leadership position with even more impactful developments.

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The Port of Los Angeles, the busiest container port in the country, recently committed to transition a 40-acre marine terminal to solar power. The project is partially funded by a $14.5 million grant from the California Air Resources Board. When completed, it is projected to reduce greenhouse gas emissions by 3,200 tons per year. This is part of a bigger trend. Global companies are investing more than ever in wind, solar, and other forms of renewable energy to gain federal tax credits, grants, and other incentives.

Spotlight

The Port of Los Angeles, the busiest container port in the country, recently committed to transition a 40-acre marine terminal to solar power. The project is partially funded by a $14.5 million grant from the California Air Resources Board. When completed, it is projected to reduce greenhouse gas emissions by 3,200 tons per year. This is part of a bigger trend. Global companies are investing more than ever in wind, solar, and other forms of renewable energy to gain federal tax credits, grants, and other incentives.

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Equisoft Introduces Modern, Cloud-based PAS Solution for US Insurer GCU

Cision PR Newswire | October 17, 2020

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Marsh Joined Forces with AXA XL to Launch Marsh DeliveryPRO Insurance Solution

Marsh | June 08, 2020

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