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Novarica: Oracle Acquisition to Affect Software M&A
(Wireless News Via Acquire Media NewsEdge)
The announcement that Oracle is planning to acquire AdminServer, a
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 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," said Matthew
Josefowicz, director of the insurance practice at Novarica, and
co-author of Insurance Software M&A Kicks Into High Gear: Oracle Buys
AdminServer.
"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," said
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, Microsoft, IBM, SAP, Computer Sciences, CGI,
Accenture, Fiserv, Tata Consulting, and others.
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.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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