The announcement today that Oracle (NASDAQ: ORCL) is planning to acquire AdminServer, a leading provider of vertical software applications for insurers, is likely to set off a new wave of insurance software M&A with technology giants, private equity firms, and established solution providers reacting to Oracle’s unprecedented move, say industry analysts at Novarica, a Novantas Company.

“Although there have been dozens of acquisitions in and around this space in the past few years by financial and tactical investors, this is the first time in recent years that a top global software company has purchased a focused insurance software company with the explicit goal of expanding its footprint in the vertical,” comments Matthew Josefowicz, director of the insurance practice at Novarica, and co-author of Insurance Software M&A Kicks Into High Gear: Oracle Buys AdminServer, released today.

“This acquisition changes Oracle’s ‘permission to play’ in the insurance software space dramatically, and puts it into direct competition with the traditional providers of insurance vertical applications” notes co-author Chad Hersh, a principal in Novarica’s insurance practice. “This is a whole new phase of the traditional ‘co-opetition’ model between the software giants and the portfolio players.”

Novarica’s new report provides an overview of this newly important sector and summarizes the positions of the big four software firms and the major insurance software portfolio players. Companies discussed include: Oracle (NASDAQ: ORCL), Microsoft (NASDAQ: MSFT), IBM (NYSE: IBM), SAP AG (NYSE: SAP), Computer Sciences Corporation (NYSE: CSC), CGI (NYSE: GIB), Accenture (NYSE: ACN), Fiserv (FISV), Tata Consulting Services (NSE: TCSEQ), and others.

The report is available for purchase from Novarica. Contact inquiry {at} novarica(.)com or call 212-419-2520.

Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and others through published research, retained advisory services, and project-based consulting. www.novarica.com
Contacts

Novarica
Matthew Josefowicz, 212-419-2520
mj {at} novarica(.)com