Amdocs buys insurance core platform provider EIS for about $340m
The telecoms software group says the cash deal is its first step into insurance and plans to extend its agentic operating system to insurers.
Amdocs, the Nasdaq-listed telecoms software company, has acquired EIS, a provider of policy administration, billing, claims and customer engagement software for insurers, for about $340m in cash, it said on 3 November.
Amdocs said further payments may follow if certain performance targets are met. It called the deal its first step into insurance.
San Francisco-based EIS serves insurers including Aflac, CSAA, Allstate, Desjardins and BNP Paribas Cardif across life and annuities and property and casualty, according to Amdocs. Amdocs said it would extend aOS, the agentic operating system it developed for telecoms, into insurance to add AI capabilities to the EIS platform.
Related coverage: Advent agrees to buy life insurance software firm Vermeg from Charterhouse; Guidewire agrees to buy London pricing firm hyperexponential for $1.7bn in cash.
Sources
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