Redwood City, Calif. — Oracle Corp. made official what has long been known—it is targeting its sights on the insurance industry.
The launch of the new global business unit, Oracle Insurance, is intended to demonstrate the company’s commitment to serve the insurance industry apart from the other financial services industries. The public unveiling of the unit comes close on the heels of the Redwood City, Calif.-based software giant’s acquisitions of well-regarded insurance application vendors AdminServer and Skywire Software.
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