San Francisco -- Vector Capital, a San Francisco-based private equity firm specializing in buyouts, spinouts and recapitalizations of technology companies, said on Wednesday that Chicago-based CCC Information Services has agreed to acquire portfolio company ProcessClaims, based in Manhattan Beach, Calif. Financial terms of the deal were not disclosed. ProcessClaims, a developer of web-based software designed to streamline the claims process for the automotive insurance, collision repair and related industries, first received an investment from Vector in mid-2002. Other Vector portfolio companies include Savi Technology, LANDesk Software, Register.com and Corel.
http://www.vectorcapital.com/news/News.asp
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