Private equity investment firm Thoma Bravo LLC has acquired iPipeline, a provider of cloud-based software that drives straight-through processing for the insurance and financial services industry. Financial details were not disclosed.

iPipeline offers process automation and integration between life insurance carriers, agents, distributors and consumers, Thoma Bravo said. The technology is intended to enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

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