Pluribus Technologies, a Toronto, Ontario-based holding company, has acquired Salesforce partner Assured Software Limited from Vancouver, British Columbia. Terms of the deal were not disclosed.
Assured Software provides an inventory packout and job management platform for restoration contractors.
Where general contractors typically deal with remodeling a home for projects that are not covered by insurance, a restoration contractor deals directly with the insurance company. So if something has been damaged by fire, water, or something similar, the restoration contractor will be paid by the homeowner’s insurance company.
Assured Software’s platform is designed for restoration contractors who are managing contents on an insurance claim. It’s built with the Salesforce Cloud Platform technology.
Pluribus Business Focus
Pluribus’ mission is to acquire and grow small, profitable software companies. This is the holding company’s second acquisition to date.
Richard Adair, CEO of Pluribus Technologies commented on the deal:
“We are very excited to make our second acquisition in the financial services space within 30 days from launching our company. Given our team’s deep experience in the P&C Insuretech space internationally, we already are seeing opportunities to profitably grow Assured Software’s existing customer base in North America and explore other geographic markets as well.”
Tequity, an M&A advisory firm that focuses on the software, IT services, and technology markets, advised Assured Software on the transaction.
Salesforce Consulting Partners: Mergers and Acquisitions
M&A activity among Salesforce partners has also remained strong. More than 20 example M&A deals are listed here as of July 2019.
