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.

Service

M&A sell-side

Parties

“I could not be prouder to be joining the Otonomo team. This is a big, bold step that brings us closer to our vision of safer and smarter mobility for all. Our clients and partners, some of the leading insurers of the world, will have access to a significant and unique set of data products, tools and resources to help them compete and thrive in a connected new world ahead. We really appreciated Oaklins Cavendish’s excellent advice, their understanding of the business, and getting the best outcome for the company by driving the process.”

Aldo Monteforte

CEO, The Floow Limited

Talk to the deal team

Peter Gray

Partner

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Anthony Platt

Partner

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Elliott Jeans

Associate Director

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Related deals

EQUA Simulation has been acquired by Glodon Company Limited

TMT

EQUA Simulation has been acquired by Glodon Company Limited

The private shareholders of EQUA Simulation AB have sold the company to Glodon Company Limited through its Finnish subsidiary MagiCAD.

Learn more

Navita has been sold to Enghouse Systems

Private Equity | TMT

Navita has been sold to Enghouse Systems

Oria Capital has sold its portfolio company Navita to Enghouse Systems Limited.

Learn more

Total Design has been acquired by M80 Partners

Private Equity | TMT

Total Design has been acquired by M80 Partners

Total Design, a Netherlands-based creative and technology agency specialized in digital design, branding and communication, has been acquired by M80 Partners, a Belgium-based private equity firm. M80 is building a portfolio of best-in-class specialists in the field of digital transformation and in this platform, Total Design is given an integral role from its digital branding, communication and technology disciplines.

Learn more