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OEP is buying ACI's digital banking offerings, which will be known as Dragonfly, for $100m in cash.
Partner David Reuter eyes: employee and customer engagement; social responsibility management; video and data insights; wealth management; payments and mortgage tech; data center services; fleet management; EHRs and patient engagement; hospice care; and life science distribution.
"There is a void in the market for players like Aurora to grow and become acquisition or IPO targets,” said Corsair's Jeremy Schein.
With the new digital-first demographic increasingly becoming a force behind the global customer base, insurance carriers have no choice but to modernize as well, TPG's Nehal Raj told PE Hub.
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