insurance software News
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Unqork, a No-Code InsurTech Software Startup, Raises Major Financing Round
Unqork has raised $51 million in new financing, money it plans to use to fuel additional growth and expansion for its no-code application platform that helps large businesses rapidly build complex ...
Insurance Technology Company Sapiens Will Pay $31.6M for German InsurTech
Sapiens plans to pay up to $31.6 million for sum.cumo, an InsurTech based in Germany that provides technology and consulting services to the insurance sector and other customers. Both sides expect to ...
Sapiens Boosts North American Market Share With Adaptik Acquisition
Sapiens International Corp. has agreed to snatch up Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost ...
Verisk Analytics Commits $322.7M to Buy UK Software Firm Sequel
Verisk Analytics plans to acquire Sequel for $322.7 million, a deal that will give it a UK-based software firm focused on complex commercial and specialty insurance. Sequel is currently owned by ...
Guidewire’s Q3 Net Losses Spiked, But Revenue Soars as Acquisitions Absorbed
Guidewire Software Inc. grew revenue and concluded a major acquisition in its 2017 fiscal third quarter, but losses spiked. The California-based insurance software operation booked more than $1.8 ...
Guidewire Closes $160M Deal for Tech Company ISCS, Launches Cloud-Focused Product
P/C software company Guidewire said it has completed its $160 million acquisition of cloud computing tech outfit ISCS, about two months after the deal between the California companies was first ...
Insurance Software M&A: Sapiens to Grab StoneRiver for $102M
Sapiens International Corp. has agreed to snatch up StoneRiver Inc. for $102 million in cash – one of the larger recent acquisitions in the insurance software and services space. Plans call for ...