"Are you prepared for more software M&A?" I asked in my insurancenetworking.com blog back in March. But what I should've asked is "How are you preparing for more software M&A?"
The first half of this year has been filled with merger and acquisition activity among insurance software providers. During the first week of March alone, the industry saw three large acquisitions: Applied Systems acquired IVANS' P&C business, SAP acquired Camilion and Insurity acquired AQS. In April, Quindell Portfolio Plc., a London-based consulting company, announced it would acquire Iter8 Inc., a Software-as-a-Service provider to the North American insurance broker and agent market. And, as I write this, Guidewire just announced it would acquire Millbrook Inc., a provider of data management and business intelligence solutions for P&C insurers.
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