{"id":24373,"date":"2017-03-13T17:46:55","date_gmt":"2017-03-13T17:46:55","guid":{"rendered":"https:\/\/www.wearesevenhills.com\/?p=24373"},"modified":"2017-03-13T17:46:55","modified_gmt":"2017-03-13T17:46:55","slug":"travelers-acquires-simply-business-for-490m","status":"publish","type":"post","link":"https:\/\/www.wearesevenhills.com\/travelers-acquires-simply-business-for-490m\/","title":{"rendered":"Simply Business snapped up by US giant Travelers in $490m deal"},"content":{"rendered":"<p>Seven Hills client\u00a0<a href=\"http:\/\/www.simplybusiness.co.uk\/\" target=\"_blank\" rel=\"noopener\">Simply Business<\/a>\u00a0today announced its acquisition by US insurance giant Travelers in a deal that values the business at $490m.\u00a0The deal comes as insurers rush to increase their technology capabilities,\u00a0investing heavily in \u2018insurtech\u2019 start-ups and more established online insurers.<\/p>\n<p>Speaking to the Financial Times, Simply Business CEO, Jason Stockwood said: \u201cThe plan is to significantly enhance our opportunity in the US and internationally. We launched in the US six months ago. We\u2019re very bullish about the US. It\u2019s about [Travelers] backing us.\u201d<\/p>\n<p>Simply Business is one of the fastest\u00a0growing\u00a0tech\u00a0businesses in the UK, as recognized by The Sunday Times \u201cTech Track 100\u201d and the Deloitte Technology Fast 500 EMEA. The company was also named the \u201cBest Company to Work For\u201d by The Sunday Times in 2015 and 2016.<\/p>\n<p>&nbsp;<\/p>\n<p>See more:\u00a0<a href=\"https:\/\/www.ft.com\/content\/d721f5fe-07fe-11e7-ac5a-903b21361b43#finance\" target=\"_blank\" rel=\"noopener\">Financial Times<\/a>,\u00a0<a href=\"http:\/\/uk.businessinsider.com\/insurer-travellers-acquires-simply-business-for-490-million-2017-3?r=US&amp;IR=T\" target=\"_blank\" rel=\"noopener\">Business Insider UK<\/a>,\u00a0<a href=\"http:\/\/www.cityam.com\/260808\/simply-business-bought-travelers-490m-deal-accelerate-us\" target=\"_blank\" rel=\"noopener\">City A.M.<\/a>,\u00a0<a href=\"http:\/\/www.postonline.co.uk\/post\/news\/2482307\/travelers-acquires-simply-business-for-usd490m\" target=\"_blank\" rel=\"noopener\">Insurance Post<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven Hills client\u00a0Simply Business\u00a0today announced its acquisition by US insurance giant Travelers in a deal that values the business at $490m.\u00a0The deal comes as insurers [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":24374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simply Business snapped up by US giant Travelers in $490m deal | Seven Hills<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wearesevenhills.com\/travelers-acquires-simply-business-for-490m\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simply Business snapped up by US giant Travelers in $490m deal | Seven Hills\" 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