CCC Information Services Inc. announced it has acquired DriveFactor Inc., a provider of a highly robust, flexible technology platform for insurance telematics.
CCC, a national SaaS technology provider to the auto insurance industry, will strengthen and extend DriveFactor’s technology to create the first full-service, open telematics platform for auto insurance.
Fairmount Partners advised DriveFactor on the transaction. Sellers included Safeguard Scientifics, Inc. Terms were not disclosed by CCC.
Source: CCC Information Services
Was this article valuable?
Here are more articles you may enjoy.
Hackers Hit Sensitive Targets in 37 Nations in Spying Plot 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.