Close Close

Life Health > Life Insurance

Perot Completes TAG Deal

Your article was successfully shared with the contacts you provided.

Perot Systems Corp. has completed previously announced plans to acquire Technical Management Inc. and its Transaction Applications Group unit for $65 million in cash.[@@]

Perot, Plano, Texas, a big technology company, might pay up to $18 million more for TAG, Lincoln, Neb., if TAG does well.

More on this topic

TAG sells back-office technology and processing services to life insurers, annuity issuers and health insurers.

TAG has 850 employees and more than 30 client insurers, Perot says.