Xceedance, a provider of insurance consulting and technology, has acquired Activer Solutions for an undisclosed amount.
Based Marlborough, Massachusetts, Activer Solutions provides insurance operations and technology services.
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The company, which has been operating since 2000, caters to the front, middle, and back office operations of property and casualty insurers.
The acquisition is expected to boost the onshore insurance managed services and technology capabilities of Xceedance in North America.
Furthermore, the deal is expected to help Xceedance increase workflow flexibility and efficiencies for insurance providers in risk evaluation and underwriting, claims operations, and policy service for agents and customers.
Xceedance chief strategy officer Manish Khetan said: “By adding the onshore capabilities of Activer Solutions — including front office customer care services, plus support functions for underwriting and claims, as well as technology services, and full insurance document printing/distribution solutions — we can expand our industry-focused proficiencies to drive growth in North America.”
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By GlobalDataActiver Solutions will be combined with Xceedance’s US operations in the upcoming months, whose North America headquarters are in Boston.
Activer Solutions chief operating officer Brian Carignan said: “The experienced Activer Solutions team is well-positioned to seamlessly integrate our offerings, technology, and skills within the Xceedance enterprise.
“We look forward to leveraging a wealth of natural synergies in delivering significant business value to insurance organizations.”
Based in Bermuda, Xceedance provides insurance consulting, technology, managed services, data sciences, and blockchain solutions.
