CCC Information Services Inc. announced it has acquired DriveFactor Inc., a provider of a highly robust, flexible technology platform for insurance telematics.
CCC, a national SaaS technology provider to the auto insurance industry, will strengthen and extend DriveFactor’s technology to create the first full-service, open telematics platform for auto insurance.
Fairmount Partners advised DriveFactor on the transaction. Sellers included Safeguard Scientifics, Inc. Terms were not disclosed by CCC.
Source: CCC Information Services
Was this article valuable?
Here are more articles you may enjoy.
Walmart to Pay $100 Million to Settle FTC Case on Driver Wages 
NYC Travel Snarled by Snow as Central Park Gets 15 Inches 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Moody’s: LA Wildfires, US Catastrophes Drove Bulk of Global Insured Losses in 2025 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.