New York (Dec. 8, 2003) — Consulting giant Accenture has acquired the assets of San Jose, Calif.-based Selectica's eInsurance technology suite, a profitability tool allowing health insurers to price and manage group health businesses.

Terms were not disclosed.

Accenture said it is currently working with several U.S.-based health insurers and leading Blue Cross plans to implement Web-enabled rating and underwriting solutions that are based on Selectica’s eInsurance software offerings.

Accenture said the Selectica buy aligns with its strategy to improve medical loss ratios, reduce administrative expenses and manage risk.

- WebCPA staff

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