CGI Group Inc. (CGI) announced it completed the acquisition of Fort Worth-based INSpire Insurance Solutions Inc. for US$5.4 million (CDN$8.5 million) in cash. INSpire has revenues of US$26 million (CDN $41 million). As part of the acquisition, some 265 professionals located in five offices in the United States are joining CGI. The acquisition was initially announced on November 14, 2002.
INSpire provides claims and policy administration outsourcing services as well as software and consulting services for property and casualty insurance carriers. “The closing of this acquisition marks another very important milestone in CGI’s growth commitment to the insurance vertical and to expanding our BPO capability,” said Michael Roach, president and chief operating officer for CGI.
Topics Mergers & Acquisitions USA
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