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June 16 2016 | Karen Furtado

manda02Big news hit the wire this week with Insurity acquiring Tropics Software Technologies. This acquisition builds on the expansion of Insurity’s offerings that followed the acquisition of Oceanwide last year. This transaction is one more example of how M&A activity is changing the insurance core system landscape.

The core system market in the past two years has seen a wave of ownership consolidation – with a twist. This is not a play for solution consolidation as much as it is for ownership consolidation. Venture capital money is changing the game, driving solution providers toward ownership consolidation in a market increasingly dominated by this model. Solutions – and companies – that had previously been perceived as too small to compete are now supported by a larger organization that can shift the playing field. Tropics and Oceanwide, with Insurity’s backing, are a great example of this paradigm.

Buckle up – it’s going to be a wild ride in 2016!


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To learn more, please contact:
Karen Furtado
Partner
Strategy Meets Action, a ReSource Pro company
978.239.2741