Oracle Will Acquire AdminServer

Deal forecast to close within the first quarter of 2008.

Oracle announced on May 13 that it will acquire AdminServer and make the vendor's policy administration software a core component of Oracles existing insurance industry software footprint.

According to Oracle, the acquisition will result in "the most modern, comprehensive, standards-based and well-integrated enterprise software suite for the insurance industry, including Oracle's database and middleware for technical infrastructure, Oracle applications to support general business and industry-specific functions, and AdminServer for insurance policy lifecycle management."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio