BIPT Inc., a provider of integrated, end-to-end insurance solutions and Focus Technologies LLC, the technology arm of Focus Holdings LLC, an insurance-focused group of companies that offers an array of products and services to the property/casualty industry, have partnered to broaden the scope of products and services to the insurance industry.
Under the terms of the transaction, Focus Technologies will acquire BIPT, and the managing principals of BIPT will become partners in Focus Technologies.
Focus Technologies will continue to be led by President Kevin Tromer, while H. John Kummer, former president of BIPT; Joseph Cooper, former CTO of BIPT; John Soutar and Andy Nechyba, both current executives of Focus Technologies, will join him on the executive team.
“By combining forces with BIPT, both firms’ existing clients as well as new clients will benefit from a more diverse firm that offers a larger scope of services under one roof,” says Tromer. "Combining these two firms, which have worked together for years, clearly raises the bar for firms that provide outsourced services to the property and casualty industry.”
Kummer added that the new Focus Technologies will offer software-as-a-service solutions intended to enable insurers to cost effectively operate at an advanced level.
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