Hartford, CT – Insurity, Inc. recently announced its acquisition of Systema Software. Systema’s claims management system, SIMS Claims™, is an innovative, award-winning system that is well regarded by its clients and industry experts. The product name, SIMS Claims, will not change. The Systema staff and organization will now operate under the name of Insurity.
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 insurers, self-insured organizations, TPAs, and pools. 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.
“As part of the Insurity organization, we see a tremendous opportunity to expand our reach and better support our existing clients with service, delivery and software options – particularly with the complementary solutions and expertise offered by Insurity,” commented Jose Tribuzio, CEO, Systema Software. “Our product team remains dedicated to cultivating SIMS Claims as a premier claims solution, backed by the superior level of support on which our customers have come to expect and rely. In fact, by joining Insurity, we will now have more to offer our clients and more resources to support our solutions.”
Celent’s Donald Light commented, “SIMS Claims is a well-regarded claims solution. This is an important step forward in Insurity’s strategy to grow both organically and through acquisitions.”
Jeffrey Glazer, Insurity CEO, stated, “SIMS Claims is another great addition to the Insurity solution portfolio, bringing significant claims expertise, a proven solution, and a strong client base. The ability to leverage solution components and technology across the Insurity solution portfolio provides our customers a distinct opportunity to differentiate themselves in the market and enhance their competitive positioning.” Glazer added that “Insurity aims to deliver the right product to the customer depending on the needs of the specific customer. Therefore, we will continue to invest in and sell Insurity Claims Decisions as well as enhance and accelerate investments in SIMS Claims.”
Morgan Partners served as exclusive financial advisor to the seller.