Amdocs acquires EIS

Software company Amdocs has acquired insurance technology provider EIS Group. The acquisition marks Amdocs’ first step into the insurance industry.

Amdocs is acquiring EIS for a consideration of approximately $340 million in cash. Additional consideration may be paid later based on the achievement of certain performance metrics.

Headquartered in San Francisco, California, EIS serves dozens of leading insurance carriers globally including Aflac, CSAA, Allstate, Desjardins, BNP Paribas Cardif and others.

Amdocs aims to create a differentiated offering for insurers by combining EIS’ technology and vertical expertise with aOS – the company’s agentic operating system. Developed for telecommunications, aOS will be extended into insurance to enhance EIS’ platform and help insurers bring AI and agentic capabilities into their core operations.

“Expanding into a new vertical is a key pillar of our growth strategy, and today we are taking an important first step. Our vision is to become the partner of choice for insurers, helping them accelerate their journey to the agentic era – bringing AI into the core with the governance and accountability a regulated industry requires. EIS gives us a strong foundation to pursue that vision and build a meaningful insurance business over time.” – Shimie Hortig, President and Chief Executive Officer of Amdocs.

“EIS has always focused on helping insurers adapt and innovate at the speed of their business. We share Amdocs’ vision of bringing industry-specific AI into core operations. Combining aOS with EIS’ platform and insurance expertise can bring new agentic capabilities to insurers and accelerate innovation. I’m excited about what we can achieve together for our customers, partners and people.” – Alec Miloslavsky, Founder of EIS.