Today’s issue of WorkCompRecap closes out the week with more M&A news with Insurity’s announcement of its acquisition of claims management system provider Systema Software at the end of last year. Insurity has been on a bit of a spree with the acquisition of Tropics earlier last year, and its most recent acquisition, Valen Analytics.
Insurity noted that Systema’s SIMS Claims software is currently in use at a broad set of insurers, self-insureds, TPAs, and pools, and that it appreciated the software’s configurability and ease of implementation, while the SIMS Claims team also complements and further strengthens Insurity’s culture of agility and flexibility. The product name, SIMS Claims, will not change, while the Systema staff and organization will now operate under the name of Insurity. Morgan Partners served as exclusive financial advisor to the seller.
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