PRESIDENT & CEO
December 8, 2016 - Newton, MA
Morgan Partners, an independent middle-market investment bank serving the financial technology sector, is proud to announce its role in another prominent insurance technology transaction as exclusive financial advisor to Systema Software in its sale to Insurity, Inc.
The addition of SIMS Claims to Insurity's solution portfolio further strengthens Insurity's market leadership. SIMS Claims is a fit-for-purpose solution in use at a broad set of self-insured organizations, TPAs, pools, and insurers. Its configurability and ease of implementation give its clients both speed-to-market and speed-to-value. The SIMS Claims team also complements and further strengthens Insurity's culture of agility and flexibility.
Systema's clients and prospects will benefit from access to Insurity's full suite of policy administration, claims, billing, rating, and data integration offerings. The combination of both organization's professional expertise and solution components, built with Microsoft technology, will accelerate development of new functionality and features.
"Morgan Partners did a great job of preparing us for diligence and leading us through the transaction from start to finish", said Jose Tribuzio, President and CEO of Systema. "They worked extremely hard on our behalf, and their thorough approach and attention to detail were critical. We are extremely pleased with the outcome, and we would recommend them without reservation."
The full press release can be found here.
About Systema Software
Systema Software, LLC, provides flexible, comprehensive solutions and services to the insurance industry. SIMS Claims is an innovative, award-winning claims administration system, which is highly praised by clients and well recognized by industry experts as a leading claims solution. Together, our team of Big 4 consulting and industry veterans, experienced software developers, and project managers deliver an architecturally strong enterprise platform, designed for superior speed, scalability, and performance. With advanced technology and focused customer service, Systema Software has experienced phenomenal growth and success, earning high rankings on the national Inc. 5000 and local Fast 100 lists of fastest-growing private companies. For more information, visit us online at www.systemasoft.com.
Insurity, Inc. enables property & casualty insurers to modernize their enterprise and achieve their business goals. Insurity's core processing applications and data integration and analysis solutions are backed by rich insurance expertise and are in production with over 100 insurers, processing billions of dollars of premium each month. Insurity's solutions address the needs of all carriers - from the Top 20 insurers to small or regional commercial, personal, or specialty lines writers, as well as MGAs. For more information about Insurity, call 860-616-7721 or visit www.insurity.com. Connect with Insurity on Twitter, LinkedIn and Facebook.