Oracle Buys AdminServer

Oracle has acquired AdminServer, a rapidly growing provider of insurance policy administration software. AdminServer's product offering will become a core component of Oracle's existing insurance industry software footprint that is already used by more than one thousand insurers including 20 of the top 20 global insurance companies.

The combination of Oracle and AdminServer is expected to result in the most modern, comprehensive, standards-based and well-integrated enterprise software suite for the insurance industry, including Oracle's database and middleware for technical infrastructure, Oracle Applications to support general business and industry-specific functions, and AdminServer for insurance policy life cycle management.