Second Oracle insurance buy

Skywire Software acquired

Oracle has bought insurance, legal and financial services software maker Skywire Software's application business.

The move follows Oracle's recent purchase of AdminServer, which makes policy lifecycle management software for the insurance industry.

Oracle says Skywire's technology, which includes software for connecting insurance agents, brokers and carriers, will complement its own insurance, CRM and content management products.

The deal is expected to close later this year. The financial terms were not disclosed.

Oracle recently announced the creation of a new global business unit focused on insurance and analysts have predicted that its push into the field will kick off a wave of consolidation and responsive moves from the company's competitors, such as SAP.

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Tags technologyskywire softwareOracle

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