The Devil's in the details when insurers' tech suppliers merge
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<namePart>Squibb, David</namePart>
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<abstract displayLabel="Summary">In the insurance technology industry, acceleration of the M&A trend is not necessarily negative. The space has long been overcrowded, especially when it comes to traditional InsurTech, or "maturetech" as Mark Breading of industry analyst firm SMA recently branded this category. Today, there just aren't enough high value system-solution deals happening to sustain the ecosystem or achieve any kind of meaningful organic growth. With sales cycles lingering at a minimum safe distance of eight to 10 months, some vendors just can't stay the course. Cue more mergers and acquisitions, such as Guidewire buying EagleEye Analytics and FirstBest, Insurity purchasing Oceanwide and Tropics, and Majesco rolling up some combination of Cover-All (who had previously acquired BlueWave and Moore Stephens) and Agile Technologies.</abstract>
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