IT services provider Cognizant announced that it has agreed to acquire Sydney-based Adaptra.
Cognizant said the deal will expand its capabilities in enabling insurers to digitally engage and empower customers.
The terms of the transaction were not disclosed.
Founded in 1998, Adaptra specializes in consulting, program management and implementation of core platforms such as Guidewire to enable insurers to improve underwriting, policy administration, claims management and billing. Adaptra helps insurers increase speed to market, transform core processing to improve customer experience, drive competitiveness and product differentiation, and empower agents to digitally engage with customers.
As part of the acquisition, approximately 100 professionals will join Cognizant.