trending Market Intelligence /marketintelligence/en/news-insights/trending/hl0ebrfd4nrb3axxciagmq2 content esgSubNav
In This List

Weather Analytics merges with Athenium

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


Weather Analytics merges with Athenium

Weather Analytics LLC, a provider of risk information for insurance carriers, has acquired and merged with Waltham, Mass.-based Athenium Inc.

Athenium provides software that helps carriers assess performance of both claims and underwriting.

Weather Analytics and Athenium together will offer property, workers' compensation, automotive, and general and professional liability products. The combined entity will operate as Athenium Analytics. Bill Pardue, the co-founder of Weather Analytics, is now chairman and CEO of the merged companies.

Additionally, Weather Analytics announced that it is investing more than $25 million to build new decision-support software for insurers, powered by artificial intelligence and computer-vision capabilities.

Sherman & Co. LLC acted as Athenium's financial adviser on the deal.