Two insurance technology firms– BIPT, Inc. and Focus Technologies, LLC– have announced plans to merge.
Under the terms of the transaction, BIPT will be acquired by Focus Technologies and the managing principals of BIPT will become partners in Focus Technologies.
Focus Technologies will continue to be led by President Kevin M. Tromer. Joining him on the executive team will be H. John Kummer, former president of BIPT; Joseph Cooper, former chief technology officer of BIPT; and John Soutar and Andy Nechyba, both current executives of Focus Technologies.
Source: Focus Holdings, BIPT, Inc.
Was this article valuable?
Here are more articles you may enjoy.
WTW Sues Former Yacht Team, Howden US Over Defection 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait 
Three New HO Carriers and an Improving Condo Market in Florida, Reports Show 
