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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.