Redwood Shores, Calif. — Oracle Corp. has entered an agreement to purchase the application software operations of Frisco, Texas-based Skywire Software.
The deal, which is expected to close in the second half of the year, is the latest evidence of Oracle’s intent to round out its offerings to the insurance industry. Last month, Oracle announced it was acquiring Chester, Pa.-based policy administration solutions provider AdminServer, and creating a global business unit for insurance. Skywire’s insurance offerings include policy production, customer correspondence, rating, underwriting and agent/broker management.
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