PE Firm Phoenix Acquires Software Provider David Corp.
Terms of the deal were not disclosed. A David spokeswomen did not immediately return a request for comment.
The PE firm targeted David because of its expertise in the risk management software market and its extensive client base, according to Phoenix partner Christopher Wall.
"David has a proven track record of success in the risk management and insurance software market, and we look forward to helping them...
To view the full article, register now.