What did CCC Intelligent Solutions pay for EvolutionIQ?

CCC Intelligent Solutions acquired EvolutionIQ for $730.0M in 2024, equivalent to 15.40x revenue. Target revenue was approximately $47.5M.

What does EvolutionIQ do?

EvolutionIQ is a healthcare it business.

What multiple did CCC Intelligent Solutions pay for EvolutionIQ?

15.40x revenue, based on disclosed deal value of $730.0M and disclosed financials.

M&A TRANSACTION · 2024

EvolutionIQ acquired by CCC Intelligent Solutions

$730.0M· 15.40x revenue

Target

EvolutionIQ

Acquirer

CCC Intelligent Solutions

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$47.5M

EBITDA

—

Deal Value

$730.0M

EV/EBITDA

—

Context

This $730.0M acquisition of EvolutionIQ by CCC Intelligent Solutions sits in the healthcare it sub-vertical. CCC Intelligent Solutions is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

Source

Data sourced from Press releases and investor presentation. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2024). EvolutionIQ acquired by CCC Intelligent Solutions. https://exitvalue.ai/deals/evolutioniq-acquired-by-ccc-intelligent-solutions-hc-2024-0018