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Agencybloc Acquires Formfire, A Leading Small-Group Quoting & Enrollment Solution For Benefits Brokers

Jul 12, 2022•about 3 years ago

Acquiring Company

AgencyBloc

Acquired Company

FormFire

CrmMarketingManufacturing

Description

AgencyBloc, a leading agency management system (AMS) provider for independent insurance agencies, is pleased to announce the acquisition of FormFire, a leader in quoting and enrollment for small-group benefits and medical health questionnaire data collection for carrier underwriting.

Company Information

Company

AgencyBloc

About

AgencyBloc is the No. 1 agency-recommended management system, helping insurance agencies secure and grow their business with an industry-specific CRM, a unique commissions processing module and an integrated marketing automation and sales pipeline tool. Headquartered in Cedar Falls, Iowa, AgencyBloc was founded in 2008.

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