Iter8 Inc: Multi-million pound sale of Toronto-based SaaS provider to Quindell Portfolio

Transaction: BWB acted for the selling shareholders of iter8 Inc., on the circa £20 million sale of Iter8 to AIM-quoted Quindell Portfolio Plc.


Client: iter8 is a leading provider of Software as a Service (SaaS) based solutions to the North American insurance broker and agent market. The acquisition marked Quindell’s entrance to the North American insurance market.

Lawyers: Mark Tasker (Partner) led the team, assisted by Natalie Knight-Wickens (Associate) and Simran Sandhu (Solicitor).

Observations: This was a demanding transaction which saw the team at BWB work around-the-clock with professional advisers in both the UK and Canada to close the deal in just 6 days from start to finish. This transaction displays BWB’s credentials for advising on cross-border transactions and further demonstrates our expertise in the technology sector.