According to Reuters, citing sources familiar with the matter, CCC Intelligent Solutions Holdings is exploring strategic options, including a potential sale.
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The company has appointed Morgan Stanley to lead the contact process and has already made initial contact with several private equity firms. CCC focuses on providing cloud-based, AI-driven workflow software for the property and casualty insurance sector. Its ecosystem connects more than 35,000 auto insurers, repair shops, parts suppliers, and automakers.
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