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Stock impact report

CCC Intelligent Solutions Announces the Acquisition of EvolutionIQ, the Leading AI Guidance Platform for Disability and Injury Claims Management

CCC Intelligent Solutions Holdings Inc. (CCCS) 
Company Research Source: Business Wire
Acquisition brings together two leading AI-powered platforms to revolutionize how claims are resolved for insurers and claimants CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Inc. (“CCC”), a leading cloud platform provider powering the P&C insurance economy and a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) (“CCCS”), announced today that it has signed a definitive agreement to acquire EvolutionIQ, Inc. (“EvolutionIQ”), the leading platform for AI-powered guidance for disability and injury claims management. The acquisition expands CCC’s market reach into strategic adjacencies and strengthens its industry leading AI-powered SaaS platform through the addition of transformative AI capabilities that will work to revolutionize how insurance claims are resolved.CCC is an industry AI leader with more than 100 insurers and thousands of collision repairers leveraging its computer vision, natural language processing, and other AI solutions in processing tens of Show less Read more
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