Austin, Texas-based Versata Enterprises, Inc., has announced it will acquire Clear Technology, Inc. , a Denver-based provider of business process automation solutions for the insurance and financial services industries. Clear Technology will operate as a standalone entity within Versata's financial services business unit.
"The acquisition of Clear Technology extends our proven solution set for the insurance and brokerage industries into the claims, policy administration and underwriting areas of the business," says Chris Smith, chief operating officer of Versata.
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