Software - Quindell completes another acquisition

 Quindell Portfolio has announced that it has completed the acquisition of Intelligent Claims Management (ICM), one of the largest and fastest growing cloud-based claims management networks in the UK.
 Rob Terry, chairman and chief executive of Quindell comments "As a result of working with ICM over the past months, a number of joint client contracts have been achieved validating our shared vision for the use of technology to facilitate change within the insurance industry to stamp down the cost of claims. These wins and other initial pilots won independently of ICM with a number of major brands has ensured that July has been the strongest month in Quindell’s history, with regards to all key performance indicators (including profit, cash generation and EPS) providing a great foundation for the second half of 2012 and beyond."