Zensar to acquire insurance-tech company Cynosure for $33 million

Mid-tier IT services firm Zensar will acquire US-based insurance-tech company Cynosure for $33 million, to expand its foothold in the fast-growing property and casualty insurance space. Cynosure focusses on providing ‘Guidewire’ platform implementation services to property and casualty (P&C) insurance carriers, and had revenues of about $20 million in 2017. The Guidewire platform is a large insurance platform that allows…