The Floow Limited has been acquired by Otonomo Technologies Ltd.
Direct Line Insurance Group plc has sold The Floow Limited, a software as a service (SaaS) global provider of connected insurance technology for major carriers, to Otonomo Technologies, the mobility intelligence company.
The Floow is a pioneer in the use of advanced data analytics that sits behind blue-chip insurers-connected automotive insurance policies that effectively prices on driving behavior and usage, rather than more typical demographics.
Located in Israel, Otonomo Technologies is a cloud-based SaaS platform for the vehicle data exchange.
Oaklins Cavendish, based in the UK, advised on the sale of The Floow Limited.
CEO, The Floow Limited
Talk to the deal team
M80 Partners has acquired Luminis
Belgian private equity fund M80 has acquired a majority stake in Luminis. M80 offers to software and technology company Luminis the opportunity to further expand its strategy and market position internationally. Luminis becomes part of a platform that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make further selective acquisitions in Europe in the coming months with the aim of bringing together a portfolio of best-in-class digital transformation specialists.Learn more
The Digital Transformation Group has raised debt to acquire OnePLM
The Digital Transformation Group, a portfolio company of Holland Capital, has raised debt to acquire OnePLM.Learn more
Confirma Software has acquired Quick Systems
Quick Systems AS has become part of Confirma Software, backed by Abry Partners.Learn more