Insurance technology provider Zywave has announced the acquisition of Boston-based Enquiron, a provider of risk management and consultative business services. The acquisition strengthens Zywave’s leadership positions in these markets, the company said.
“We are incredibly impressed with Enquiron’s combined data, service solutions and processes that result in proven return on investment, long-term relationships and continued growth,” said Jason Liu, CEO of Zywave. “By joining our two companies together, we look forward to bringing even more resources, support and deep industry knowledge to our shared customers.”
Enquiron was founded in 1996, and serves more than 100 of the top P&C, healthcare and HCM organizations in the United States. The company provides on-demand risk management services in the areas of human resources, healthcare, retirement, cyber and more. Enquiron is able to show risk management patterns and trends based on aggregate employer events and actions.
Zywave plans to align Enquiron’s services and user experience within Zywave’s product cloud portfolio. It will leverage Enquiron’s proprietary service offering to further enhance its customer experience and expand on its risk management offering. Zywave and Enquiron leadership teams will work together over the next several months to integrate operations.
“With this new partnership, we are excited to grow Enquiron to the next level, while expanding the service capabilities and suite of products available to our customers,” said Mike Naclerio, CEO of Enquiron. “Aligning with a partner like Zywave, that has extensive insurance industry experience to understand our customers’ specific needs, was of key importance. We are excited for the opportunity to join forces with their team and contribute to a market-leading solution set.”
The Enquiron acquisition is Zywave’s fifth in less than two years. In November, Zywave announced the acquisition of Advisen, a provider of data, media and technology for the commercial property and casualty market, and ITC, a provider of marketing, rating and management software and services for the insurance industry.
“Zywave remains committed to bringing industry’s best technology to our partners, empowering them with the tools they need to grow their business,” Liu said. “We will continue to invest in our existing products, while also enhancing our product portfolio with new acquisitions. At the same time, we are dedicated to providing technical support and consultative services to our partners to help them succeed.”