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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch Group, the Seattle-based home services software company, completed its $100 million acquisition of Homeowners of America Inc. Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. (Porch Group Photo). Porch revenue estimates for 2021. See full presentation.

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Education services company Perdoceo acquires coding bootcamp school Coding Dojo for $52.8M

GeekWire

based software engineering bootcamp operator, has been acquired by Perdoceo , a publicly traded Illinois-based company that owns online academic institutions including Colorado Technical University and American InterContinental University System. The company previously licensed its courses to institutions around the world.

Education 137
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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO Business Intelligence

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

HP 105
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Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Three weeks after its stock market debut, Seattle-based home services technology company Porch Group announced four acquisitions , including an agreement to buy Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding its footprint in the insurance tech market.

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. Porch says Floify is profitable, with a customer base of more than 1,500 companies using its software. ”

Groups 113
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Seattle launches permit system for companies testing self-driving vehicles on city streets

GeekWire

The permit also requires companies to share information with the city on their test driver training programs, any collisions or other incidents involving their vehicles, and proof of insurance. NVIDIA Corporation also self-certified its intention to test AVs with the Washington Department of Licensing. The state of AVs in Seattle.

Company 143
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Seattle healthcare startup 98point6 selling part of its business for $100M to Transcarent

GeekWire

98point6 will relaunch as 98point6 Technologies, a software-only company focused on licensing its tech to third-party healthcare providers. Founded in 2020, Transcarent focuses on providing services to self-insured employers and offers virtual access to physicians through its app. It also goes direct-to-consumer.