Quindell Portfolio Plc., London-based consulting company, has acquired Iter8 Inc., a Software as a Service-based provider to the North American insurance broker and agent market.

Quindell says Iter8 has a significant position in the North American market, particularly in Canada, as a result of providing SaaS-based solutions to the direct insurance and broker channels. These channels account for more than 70 percent of the Canadian insurance distribution market, along with insurance agents.

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