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July 12, 2006

Another day, another acquisition

Posted by Kim Peterson at 1:56 PM

Today marks the third acquisition announcement in Puget Sound in three days. This one takes us to Bothell, where AMS Services, a software maker for the insurance industry, said it has acquired BCF Technology, a North Carolina company providing software and services in the same field.

The two companies had worked together for years before the acquisition, and said in a statement that the deal was "the next logical step." The companies would not release financial terms of the purchase, nor disclose the number of employees at BCF. AMS Services has about 800 employees.

BCF employees will not be relocating to Bothell, and there will be no layoffs as a result of the acquisition, the companies said. The deal closed on July 7.

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