Hartford-based insurance IT provider Insurity said it has acquired a Montreal, Quebec insurance software maker.
Insurity did not disclose the purchase price for Oceanwide Inc., which will continue to operate under its brand name.
Oceanwide makes a suite of cloud-based software called Bridge that property-casualty insurers, brokers and agents use to service clients, underwrite products and perform back-office functions.
Insurity makes a processing and data platform called Insurance Enterprise View.
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Insurity said more than 100 P&C insurers, including Travelers, process billions of dollars in premium payments per month using its platform.
