Mindtree Acquires Discoverture to Expand P&C Package Solutions

By Insurance CIO Outlook | Monday, August 24, 2015

FERMONT, CA: Mindtree, a technology service provider acquires Dicoverture, an insurance solutions provider to support Mind tree in expanding its position in property and casualty (P&C) packaged solutions.  

“We are excited to be part of the Mindtree team and add our technology and expertise to its large and growing insurance practice,” says Steve Addair, President, Discoverture. Financial detail of the agreement still remains unveiled.  But according to The Economic Times the transaction values approximately $15Mn.

With this acquisition Mindtree is privileged with 300 P&C software solution experts, belonging to Accenture, FirstBest and more. Mindtree is also privileged to access to Discoverture’s 15 insurance industry clients, including Southern Trust and RLI which are experienced in P&C software solutions.

According to Gaurav Johri, Senior Vice President, Banking Financial Services and Insurance, Mindtree, P & C insurers must continuously modernize technology and processes to drive business efficiencies and provide an experience that delights their customers.

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