It seems that announcements of mergers and acquisitions by insurance technology vendors are made daily, and a recent report by Novarica says this is not likely to change anytime soon.
In June 2008, Novarica predicted that M&A in the insurance software sector would continue, and the recent acquisitions of SceneGenesis by Mitchell, and McCamish by InfoSys proved them right. Also, with the purchases of EZ Data and Peak Performance by Ebix, and AgencyPort by Sword Group, Novarica says smaller, publicly traded companies are beginning to move more aggressively into this market, which has been dominated over the last few years by venture and private equity-[backed firms.
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