Announced
Synopsis
JDC Group, a company that offers a digital platform for insurance companies, agreed to acquire MORGEN & MORGEN, a provider of analytics and comparison software. Financial terms were not disclosed. "With the acquisition of MORGEN & MORGEN, we are filling the last gap in the range offered by the JDC platform. By close technical integration of MORGEN & MORGEN'S data analytics expertise with JDC's process expertise, we will now be able to reinvent the insurance industry. We will be bringing onto the market many exciting and innovative features in the area of artificial intelligence based automated product selection, making the JDC platform even more attractive to our customers," Ralph Konrad, JDC Management Board member.
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