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OneShield Broadens Claims Focus with CDS Acquisition

The core systems software provider acquires Clear Data Strategies, LLC to expand into niche markets and further its claims processing expertise.

OneShield, Inc. has agreed to acquire strategic and intellectual property assets of software solutions provider Clear Data Strategies, LLC (CDS).

CDS offers subscription cloud-based and site-installed software solutions focused on policy admin and claims processing to the P&C insurance market. Its customers include niche and mid-sized carriers, self-insured businesses, specialty workers’ comp providers that require full NCCI compliance, MGAs and TPAs.

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“This acquisition will expand our opportunities into lower-tier carriers, as well as specialty niche markets, where hosted and cloud-based solutions are increasingly popular,” says Glenn Anschutz, president and CEO at OneShield, in a statement.

OneShield will acquire the full CDS product line while supporting its niche customer base. It will also use CDS’ extensive expertise in claims processing to improve the functionality of the claims administration product it currently has in development.

“From an intellectual property standpoint, this also significantly augments our existing expertise in the area of claims processing,” Anschutz adds. “The CDS team brings an aggregate of 60-plus years of experience in building rich and robust functionality into claims administration solutions.”

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio

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