Acquisition of insurance software house to complete on 23 December


The Competition and Markets Authority (CMA) has cleared Xchanging’s planned acquisition of insurance software house Total Objects.

The CMA continues to probe the technology firm’s planned purchase of the European operations of insurance software house Agencyport.

Following the CMA’s approval. Xchanging now plans to complete its purchase of Total Objects on 23 December. The deal was first announced on 3 July.

Xchanging chief executive Ken Lever said: “I am delighted we can now move forward and complete the acquisition. Total Objects has a strong and highly complementary product set that fits well with Xchanging’s existing insurance software business, Xuber.”