Davies has announced the acquisition of Codebase8 Limited, the automation, modernisation and digital solutions provider and consultancy firm, based in Llanelli, Wales.
Codebase8 specialises in robotic process automation (RPA), legacy platform modernisation and product development for clients in the insurance and other highly regulated markets.
Davies said the insurance market is undergoing “significant transformation”, with participants seeking to harness the power of automation and digital transformation to provide: “competitive edge, to streamline their delivery and service, and to manage operating costs”.
The deal, which was completed at the end of March, will see the firm’s team of technology experts join Davies’ Consulting and 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.
The deal marks Davies second acquisition of 2020, following the acquisition of Keoghs, the insurance-focused top-50 law firm, which was announced in January and completed earlier in March.
Dan Saulter, group chief executive 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.”
Elisabeth Callaghan, managing director of Codebase8, 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.”