Major software vendor acquisition: TAI
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19 February 2015Tom Scales
There was a major upheaval in the vendor space with msg global and Logiq3 acquiring TAI. For those not in the know, TAI has been a major player in the Ceded Reinsurance space for a long time. Their impact on the market is hugely disproportionate to their small size. This is a big deal for all their customers and those considering becoming their customer. They have investment behind them now, which should be good. Of course, acquisitions come with disruption, as we have seen in the industry before, so we are hopeful this will transition smoothly and those involved will continue to be involved. Something to watch for today. Read the press release here.