Oracle Snaps Up Insurance Software Specialist AdminServer
May 19, 2008 Timothy Prickett Morgan
Database and enterprise application software maker Oracle continued its acquisition binge last week, acquiring a relatively unknown but important and fast-growing niche player in the insurance sector called AdminServer. AdminServer, which is based in Chester, Pennsylvania (a suburb of Philadelphia), was a consultancy and programming services company when it was founded in 1998, and at that time it began developing a Java-based set of insurance policy and annuity management programs to take on the vast base of homegrown RPG and COBOL insurance applications running out there on midrange, mainframe, and other gear. AdminServer certified its Java applications, which is |