IBM has announced the acquisition of Webify Solutions, an Austin, Texas-based, privately held provider of software and services for building service oriented architectures (SOA) in insurance and other industries.

An SOA, explained Armonk, N.Y.-based IBM, is a way of reusing a company's existing technology to more closely align with business goals, resulting in greater efficiencies, cost savings and productivity.

Financial terms were not disclosed.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.