An undisclosed financial sponsor

An undisclosed financial sponsor has acquired a majority stake in Virtual Claims Adjuster Inc.

Industry:

Information Technology

An undisclosed financial sponsor has acquired a majority stake in Virtual Claims Adjuster Inc. MNP Corporate Finance Inc. provided financial and tax due diligence services to VCA Holdco Inc.

Transaction Brief

Virtual Claims Adjuster Inc. is a privately owned North American corporation specializing in insurance claims management software and web-based technologies for the claims industry. VCA's industry-leading SaaS platform helps manage the workflow and data surrounding insurable events from initial incident tracking through to the remediation and adjudication of the insurable event for its large global customer base.

The undisclosed financial sponsor is embarking upon an aggressive growth strategy to attract and retain larger clients in targeted industries. The company plans to achieve ambitious growth plans by adding an aggressive marketing presence, leveraging their relationships globally and expanding their product base. The company plans to grow organically and will also seek complementary merger and acquisition opportunities as they present themselves.