Insurance tech firm Davies acquires RPA specialist Codebase8

Insurance technology business Davies has acquired a specialist in robotic process automation (RPA).

Codebase8, based in Llanelli, Wales, specialises in robotic process automation (RPA), legacy platform modernisation and product development for clients in the insurance and other highly regulated markets.

The insurance market is undergoing significant transformation, with participants seeking to harness the power of automation and digital transformation to provide a competitive edge, to streamline their delivery and service, and to manage operating costs.

The deal will see the firm’s team of technology experts join Davies’ consulting & technology business, led by CEO Mark Grocott, creating a new automation capability to offer to Davies global insurance clients.

The Codebase8 team will work alongside Davies’ customer experience practice, Ember, led by David Leedham. Liz Callaghan, managing director of Codebase8, will continue to lead the business, supported by technical director and head of operations, Craig John.

Dan Saulter, CEO of Davies said: “I’m delighted to welcome Liz, Craig and the wider team to Davies. The acquisition brings new digital capability for Davies as we continue our strategy of investing in technology and innovation, a focus that is even more important as we think ahead following COVID-19. Digital transformation and automation presents a huge opportunity for the insurance industry and for our clients as they seek to maintain competitive advantage, streamline their operations, and deliver service excellence.”

Callaghan added: “I’m really pleased Codebase8 is becoming part of Davies which has a shared focus on digital transformation and innovation. I look forward to working with Dan, Mark and the wider Davies team to develop and strengthen our Automation solutions for our clients.”