Amdocs buys EIS as insurtech giants consolidate
Major software and services provider Amdocs has entered the insurtech space by snapping up EIS for $340m (£250.14m) up-front, with further payments tied to the business achieving certain performance targets.
The deal is the latest sign of accelerating consolidation in insurance technology, as established software providers buy specialist platforms and AI capabilities in a bid to dominate the emerging
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