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Reuters

Reuters

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Business & Economics

Thoma Bravo's Nearmap to buy insurance tech firm itel for over $1.3 billion

Reuters
Summary
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81% Informative

Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR .

The deal values itel at over $1.3 billion , including debt, a source familiar with the matter told Reuters .

The sale highlights the revived deployment of dry powder by buyout firms as industry's recovery from high interest rates was disrupted by tariff-driven turbulence.

VR Score

90

Informative language

94

Neutral language

81

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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