MindTree declare that it has successfully closed the acquisition of entire ownership interest in Discoverture
Solutions LLC, after securing necessary regulatory approvals.
M2 EQUITYBITES-January 20, 2015-Mindtree to Acquire Insurance Software Company Discoverture
MindTree Ltd declared that its board has granted approval for the acquisition of the entire Ownership Interest in Discoverture
Solutions LLC, a limited liability company incorporated under the laws of the Arizona, United States.
Mindtree Ltd, a mid-size IT services firm will buy US-based insurance related IT solutions provider Discoverture
Solutions LLC, in a cash deal worth $15 million.
The company also said it has acquired a US-based technology company, Discoverture
Solutions, for $15 million in an all-cash deal, with which
Mindtree, a global technology services company, today announced that it has entered into definitive agreements to acquire Discoverture
Solutions LLC (Discoverture
), a leading provider of insurance solutions based in the US.
Delivery partners include Avanade, Discoverture
, Syntel, and TCube, all of whom offer configuration and systems integration accelerators.
Implementation of these solutions was managed by Discoverture
Solutions, a strategic delivery partner for the Accenture Duck Creek software.