Telstra sells e-insurance business
TELSTRA has sold its general insurance transaction processing subsidiary, Telstra eBusiness Services, to a US firm for $50 million.
Full story »Related Posts
- Fiserv Sells Majority Stake in Insurance Business Financial software and services firm Fiserv has agreed to sell 51% stake in its insurance business to Stone Point Capital for approximately $205m. Fiserv will retain a 49% stake as well as its management team and employee base in Fiserv Insurance...
- Gateway Sells Business Unit to MPC for $90m Gateway is selling its professional business unit, which sells PCs to businesses, government agencies, and educational institutions, to MPC for $90m. The sale will remove a potential embarrassment to the company’s prospective new owner Acer, which...
- Misys Sells Sesame for $178.2m Misys has sold its independent financial advisers' support services business Sesame to insurance company Friends Provident for 90m pounds ($178.2m) after it topped an earlier offer from the Sesame management that Misys indicated it would accept.
- Mastek Buys US Insurance Outfit for $10m Indian outsourcer Mastek has bought Vector Insurance Services, a North American life insurance specialist, to add new capabilities to its core insurance focus. The purchase price was $10m, divided roughly evenly between cash and future...