Simplicity Group Holdings, Inc. launches LifeLink™ after acquiring Plum Life Inc.

Jun 04, 2024•about 1 year ago

Acquiring Company

Simplicity Group Holdings

Acquired Company

Plum Life

Summit

Berkeley HeightsFintechFinanceInsurance

Description

After the successful acquisition of Plum Life Inc., Simplicity Group Holdings, Inc. has launched Simplicity LifeLink™, a digital life insurance platform designed to transform and expedite the way insurance is purchased. The platform is a comprehensive solution for agents, advancing everything from quoting to application to issue, and will be available to Simplicity's independent agents, affiliated agencies, and contracted financial institution clients.

Company Information

Company

Simplicity Group Holdings

Location

Summit, New Jersey, United States

About

Simplicity Group Holdings, Inc. is a premier financial products distribution firm, known for empowering independent financial professionals with top-tier products, wealth management offering, and advanced digital marketing services. It is one of the nation's largest and fastest-growing financial product distribution companies, supporting independent financial professionals, banks, broker-dealers, and wealth management firms.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Simplicity Group Holdings, Inc. launches LifeLink™ after acquiring Plum Life Inc.

Description

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Company Information