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VERMEG provides across several financial sectors including asset management, central banking, retail banking, consumer finance, investment banking, regulatory reporting, pensions and insurance with over 400 clients worldwide. [1] Among VERMEGs Solutions [buzzword] are: [3] MEGARA: [13] Asset management and collateral management for central banks.
In 2010, Sapiens acquired Harcase, a Canada-based software company that developed the policy administration suite for Property and Casualty Insurance [13] In 2011, Goldstein executed a three-way corporate merger between Sapiens and two subsidiaries of Formula Vision – Formula Insurance Solutions (FIS) and IDIT. [14]
Virtusa at Orion City Sri Lanka. Virtusa Corporation is an American-based global information technology services company that provides digital engineering and technology services for companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide.
Oracle Financial Services Software Limited (OFSS) is an Indian subsidiary of Oracle Corporation which is involved in financial and insurance technology. Established in 1990, the company was known as i-flex Solutions until 2008, two years after its acquisition by Oracle. It is headquartered in Mumbai.
In October 2008, Misys' subsidiary, Misys Healthcare, was merged with Allscripts, a medical records business, to become Allscripts-Misys Healthcare Solutions, Inc. [15] In November 2010, Misys bought Sophis, a provider of portfolio and risk management software. [16] In February 2012, Misys entered into merger talks with its Swiss rival Temenos ...
Based on a number of long-term Enterprise Partnerships and the acquisition of Cambridge Solutions, Xchanging reported a 35% revenue increase year-on-year to £750.4m, at the end of 2009. [ 29 ] On 8 February 2011, Xchanging issued a profit warning and announced a £100 million write-off on goodwill.
Guidewire is a recurring revenue software company as it sells term licenses. The company also sells its software as a service on a subscription revenue basis. Its three main software products are ClaimCenter, PolicyCenter, and BillingCenter, each servicing a major component of a P&C insurance carrier. [ 2 ]
In 2015 Exigen Insurance Solutions has separated from Exigen Services to a separate company to work on a Core Insurance Software called IPB and EIS Suite afterwards. In 2018 remaining Exigen Services and Return On Intelligence were acquired by Emergn consulting company and operate under its supervision up till now.
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