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.
Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back 
Mississippi High Court Tells USAA to Pay up in Hurricane Katrina Bad-Faith Claim 
Congo Sues Apple Alleging ‘Pillaged’ Minerals in Products 
Texas Accuses Allstate-Owned Arity of Data Privacy Violations 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.