Aon has announced it has entered into a letter of intent agreement to acquire Valley Oak Systems of San Ramon, Calif. Aon expects to consummate the transaction by January 31, 2007.
Valley Oak Systems (VOS) offers claims management software, services and support for the insurance industry. Its iVOS “one- system” solution includes medical bill review, policy underwriting, case management, billing, and event management capabilities.
VOS will integrate and share data seamlessly with RiskConsole, Aon’s RMIS solution, creating the only end-to-end browser-based offering in the global market, the company statement said. The acquisition of VOS follows the successful integration of Risk Laboratories, LLC (RiskLabs) in 2004.
“We selected Valley Oak Systems because of their exceptional reputation in the market, their dedication to serving clients, and the high caliber of talent within their organization,” says Greg Case, Aon president and chief executive officer. “By combining our strengths, we will create a comprehensive risk management information system offering that will have no peer in the marketplace.”
Source: Aon Corp.