Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Blackcomb Consultants, on its strategic sale to Accenture.
After talking to multiple advisory firms, we decided to go with Technology Holdings because of their track record in both Insurance technology solutions & Guidewire. The Technology Holdings team clearly understood what we do, what differentiates us and were able to effectively position us with strategic partners. They brought us our ideal partner in Accenture and were with us all through the process. Their support was critical in closing the transaction.
Headquartered in Chicago, Blackcomb has over 150 employees that specialize in Guidewire, the leading Property & Casualty insurance cloud technology platform, and helps insurance carriers of all sizes accelerate their digital transformation journeys. Blackcomb is the largest US-based independent Guidewire partner serving P&C insurance carriers globally.
Founded in 2011, Blackcomb provides a range of services, including claims, billing & policy administration system implementations and upgrades, production support, cloud services, performance improvement and organizational change management. The acquisition of Blackcomb enhances Accenture’s ability to deliver Guidewire solutions to insurers to help them become “cloud-first” businesses.
Victor Voss, a co-founder of Blackcomb Consultants said, “Accenture and Blackcomb Consultants share a vision focused on delivering innovation to P&C carriers of all sizes, and by joining Accenture, we will be able to scale and expand our solutions for insurers worldwide, helping them create a sustained competitive advantage.”
John Koepke, Accenture’s Technology lead for Insurance in North America, commented “This acquisition strengthens our ability to help insurance carriers use technologies like artificial intelligence and analytics to improve productivity and provide hyper personalized offerings to their customers.”
Terry Kavanaugh, Managing Director at Technology Holdings, added “This transaction underscores Technology Holdings’ deep expertise in Insurance technology services and specifically, within the Guidewire ecosystem. This is our firm’s 13th insurtech transaction and 4th transaction in the Guidewire space and John’s team at Accenture will be a wonderful home for Blackcomb. We are proud to have advised the Blackcomb leadership and shareholding team on this transaction and we wish them every success in their strategic partnership with Accenture.”