GRAND RAPIDS, Mich., Aug. 10, 2017 /PRNewswire/ -- InsureTech-focused SuretyWave, LLC., announced today that it has acquired InSure Vision Technologies (IVT). Please visit us on our website, www.SuretyWave.com.
The acquisition, which officially closed on July 28, 2017, paves the way for SuretyWave to integrate its proprietary digital business-architected platform with IVT's leading web-based surety bond processing system known as the SurePath Network. The resulting solution will be the industry's most automated and flexible surety processing system, and the go-to distribution channel for all surety bond stakeholders, including agents, brokers and sureties.
To ensure a smooth and successful transition, and to confirm that enhancements to the SurePath Network are stabilized and achieve all required business objectives, IVT's co-founders Pam Stocks and Beverly Hall will serve as advisors for a period of time.
Commented Patrick McGinty, the president of SuretyWave: "This integration and synergy puts us in a unique position to deliver a quality assured and completely virtual 24-7 surety bond lifecycle processing to assist in lowering the internal operating cost of our Customers who may be supporting older and more complex technology environments."
Commented Pam Stocks, co-founder of IVT: "After 19 years, we knew that it was time to pass the torch. After conducting extensive due diligence, we have no doubt that SuretyWave is the right partner to enhance the SurePath Network and elevate our suite of customer-centric solutions, while ensuring quality and preserving continuity of service."
Commented Bev Hall, co-founder of IVT: "The acquisition provides us with a unique and significant opportunity to see the SurePath Network evolve and grow in new and innovative directions, and to further support our customers along with all surety stakeholders. We are also confident that SuretyWave is not just a very capable insurance and technology organization, but will also maintain the objectivity that we have provided to our customers for the past 19 years."
About SuretyWave, LLC
SuretyWave, LLC provides comprehensive consulting and IT services to the insurance industry. The firm has over 300 years of insurance and technology experience, and a workforce of more than 200 technology employees through its IT services organization, Digital Business Creations, LLC.
SOURCE SuretyWave, LLC