Amdocs paid about $340 million in cash to acquire EIS, a global insurance technology firm, the company said on Tuesday. The deal, reported on 2026-11-04, marks Amdocs's entry into the insurance sector.
The purchase consideration could include additional payouts if EIS meets future performance targets, according to the source.
Amdocs is known primarily for telecommunications software. The source reports that the company views insurance as a long-term growth market with digital transformation demand. The acquisition diversifies Amdocs's revenue beyond telecom and adds EIS's customer base and platform.
Integration and closing details were not disclosed.