Back in April of this year, I wrote about an announced under-the-radar acquisition by SAP—TechniData AG, a provider of product safety and environmental, health and safety (EHS) solutions. While the insurance community probably paid scant attention to the news, TechniData provides systems integration, managed EHS (environmental, health and safety) services, regulatory content and software to help companies comply with regulatory challenges in these areas. The magic word here for insurers was “comply.”
Now, IBM has announced a definitive agreement to acquire OpenPages, a privately-held company based in Waltham, MA. OpenPages provides software that helps companies more easily identify and manage risk and compliance activities across the enterprise through a single management system. Financial terms were not disclosed.
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