Press Release Link: http://www.whitehilltech.com/pdf/Skywire_Software_Whitehill_Definitive_Agreement.pdf
Contact: Wendy Gibson
Chief Marketing Officer
972/377-1110 (main)
972/377-1102 (direct)
wgibson@skywiresoftware.com
For Release: FOR IMMEDIATE RELEASE
Skywire Software Enters Definitive Agreement to Acquire Whitehill Technologies
Move Solidifies Company’s Position as a Dominant, Vertically Focused Software Provider and Continues Its Global Expansion Serving Insurance and Other Key Industries
FRISCO, TX – August 1, 2007 – Skywire Software and Whitehill Technologies, two leading global providers of software and services for insurance, financial services, legal, and professional services, today announced they have entered into a definitive agreement under which Skywire Software will acquire Whitehill Technologies, Inc. Terms of the transaction, which is expected to be complete on or before August 31, 2007, were not disclosed.
The acquisition of Whitehill will solidify Skywire Software’s position as a dominant, vertically focused software company and continue its aggressive global expansion in serving insurance, financial services and other key, high-growth industries. Whitehill provides document and compliance software that helps insurance carriers, law firms and other companies improve efficiency and speed of key business processes. Based in Moncton, New Brunswick, Whitehill is a privately-held, profitable company with a major center in Markham, Ontario, and offices in the U.S. and U.K. With the acquisition of Whitehill, Skywire Software will employ more than 650 employees and serve nearly 2,500 customers in 45 countries.
"This acquisition anchors our position as a leading provider of key software applications to insurers of all sizes and across all segments of the insurance industry," said Patrick Brandt, president and chief executive officer of Skywire Software. "Whitehill offers an attractive complementary customer base and performance-driven talent. It fits well with our goal of providing the best customer service and technology in the industry, furthers our presence in key vertical markets, and enhances our presence on a global basis."
Whitehill serves more than half of the largest insurance companies in North America. The company’s document automation and regulatory compliance software complements Skywire Software’s portfolio of software applications and services that assist insurers in managing the lifecycle of a policy.
Skywire Software’s enterprise-wide products span a range of key functions including rating and underwriting, policy production and correspondence, real-time data exchange and business intelligence. Customers also leverage the deep domain knowledge and expertise of Skywire Software’s professional services team and its state-of-the-art Business Process Outsourcing facilities. Currently, Skywire Software serves more than 1,000 insurance companies.
According to industry research and advisory firm, Celent LLC, document management accounts for four of the top five categories tracking in software deals in the insurance industry. This acquisition positions Skywire Software as a leader in a highly-fragmented market.
Skywire Software’s vertical focus will expand to include legal and professional services. Over the past decade Whitehill has provided billing, reporting, workflow, and process integration software and services tailored to the specialized needs of these sectors. Whitehill currently serves more than 750 legal and professional services organizations, including two thirds of the world’s 250 largest law firms.
"It’s incredible the number of synergies between Skywire Software and Whitehill’s offerings, customers and employees, " said Paul McSpurren, president and chief executive officer of Whitehill Technologies. "We look forward to combining with Skywire Software to continue serving the legal and insurance markets, and building one of the top vertically focused software companies fueled by innovation, talent and a drive to provide outstanding customer service."
Current Whitehill customers should expect business to continue without interruption. The shared vision to build upon the domain expertise, process knowledge and service delivery success of the combined companies was a key driver of the acquisition. The transaction continues Skywire Software’s aggressive expansion, which has been fueled by organic growth and through nine previous acquisitions during the past four years. Earlier this year, Skywire Software completed the acquisitions of both Docucorp International and Integrated Insurance Technologies. Skywire Software is a privately-held subsidiary of Hall Financial Group, a $2 billion private, diversified firm.
About Skywire Software
Skywire Software is a leading software company serving the insurance, health care, utility, and financial services industries. The Company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,600 customers worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.
About Whitehill Technologies Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.
About Hall Financial Group
Founded in 1968, Hall Financial Group is owned by Chairman Craig Hall and family. Diversified holdings include active operations in commercial real estate development, ownership and management; software application development, principally for the insurance industry; structured finance lending for real estate and other areas; vineyards and wineries; and oil and gas. In addition, the company maintains a portfolio of approximately $1.5 billion in stocks, bonds and venture capital investments in a broad range of industries, including a substantial ownership position in American Airlines (AMR). For more information, visit www.hallfinancial.com.
###
2401 Internet Blvd.
Suite 201
Frisco, Texas 75034
Phone: 972-377-1110
Fax: 972-377-1109
http://www.skywiresoftware.com
© Skywire Software is a registered trademark. All other names, brands or products referenced are the service marks, trademarks or registered trademarks of their respective companies. All rights
Showing posts with label Whitehill Technologies. Show all posts
Showing posts with label Whitehill Technologies. Show all posts
Wednesday, August 01, 2007
Thursday, May 17, 2007
Whitehill Receives Two Other Honors
AEGON Direct Marketing Services to Speak at ACORD LOMA About Speeding Product Development
Presentation to recognize the role of Whitehill Technologies;
Whitehill receives two other honors
ORLANDO, FL - May 17, 2007 - Whitehill Technologies, Inc. today announced that one of its customers, AEGON Direct Marketing Services, Inc., will present a seminar on accelerating new product development at the ACORD LOMA Insurance Systems Forum in Orlando.
Edward G. Weigand, Director of Product Filing, Compliance & Licensing, AEGON Direct Marketing Services will give a presentation entitled 'The Need for Speed: Automating New Product Development.' Weigand will discuss AEGON Direct Marketing Services' recent successes in reducing the time required to bring new insurance products to market.
Weigand's presentation will begin at 9:45 A.M. ET on Tuesday, May 22. A summary of the presentation is available at http://www.acordlomaforum.org/2007/sessions.aspx.
"I'm very pleased to be able to present at the ACORD LOMA Insurance Systems Forum, and to share with other insurers the successes that AEGON Direct Marketing Services has experienced," said Weigand. "Our experience with Whitehill has been a very positive one for us, and they have helped us implement our vision for bringing new products to market more quickly."
Also today, Whitehill announced that the company is receiving two prestigious awards honoring Atlantic Canadian businesses. Whitehill received the 2007 KIRA Award for Employment Growth, in recognition of adding approximately 100 new employees in 2006, doubling Whitehill's staff. The KIRA Awards are presented annually in recognition of top knowledge industry companies in the province of New Brunswick.
In addition, Paul McSpurren, President & CEO, Whitehill Technologies, has been named one of the Top 50 CEOs in Atlantic Canada by Atlantic Business magazine. This is the fourth time that McSpurren has received this honor.
"I am delighted to once again accept this award," said McSpurren, "and I would like to emphasize that this honor does not belong to me alone. Whitehill's team is dedicated to innovation, customer satisfaction, and business performance, and this award recognizes the hard work they have put in to achieving those goals.
"The fact that Whitehill has a satisfied customer like AEGON Direct Marketing Services, willing to speak at a high-profile trade show about its experience, demonstrates the positive working relationships between Whitehill and its clients," McSpurren continued. "Whitehill's staff is committed to creating delighted customers with every project, and those efforts continue to bear fruit."
- 30 -
About Whitehill Technologies, Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company with 200 employees in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.
For further information, or to arrange for interviews, please contact:
Lynne Reid
Media Relations Specialist
Whitehill Technologies
888-944-8344 x521
lreid@whitehilltech.com
Whitehill receives two other honors
ORLANDO, FL - May 17, 2007 - Whitehill Technologies, Inc. today announced that one of its customers, AEGON Direct Marketing Services, Inc., will present a seminar on accelerating new product development at the ACORD LOMA Insurance Systems Forum in Orlando.
Edward G. Weigand, Director of Product Filing, Compliance & Licensing, AEGON Direct Marketing Services will give a presentation entitled 'The Need for Speed: Automating New Product Development.' Weigand will discuss AEGON Direct Marketing Services' recent successes in reducing the time required to bring new insurance products to market.
Weigand's presentation will begin at 9:45 A.M. ET on Tuesday, May 22. A summary of the presentation is available at http://www.acordlomaforum.org/2007/sessions.aspx.
"I'm very pleased to be able to present at the ACORD LOMA Insurance Systems Forum, and to share with other insurers the successes that AEGON Direct Marketing Services has experienced," said Weigand. "Our experience with Whitehill has been a very positive one for us, and they have helped us implement our vision for bringing new products to market more quickly."
Also today, Whitehill announced that the company is receiving two prestigious awards honoring Atlantic Canadian businesses. Whitehill received the 2007 KIRA Award for Employment Growth, in recognition of adding approximately 100 new employees in 2006, doubling Whitehill's staff. The KIRA Awards are presented annually in recognition of top knowledge industry companies in the province of New Brunswick.
In addition, Paul McSpurren, President & CEO, Whitehill Technologies, has been named one of the Top 50 CEOs in Atlantic Canada by Atlantic Business magazine. This is the fourth time that McSpurren has received this honor.
"I am delighted to once again accept this award," said McSpurren, "and I would like to emphasize that this honor does not belong to me alone. Whitehill's team is dedicated to innovation, customer satisfaction, and business performance, and this award recognizes the hard work they have put in to achieving those goals.
"The fact that Whitehill has a satisfied customer like AEGON Direct Marketing Services, willing to speak at a high-profile trade show about its experience, demonstrates the positive working relationships between Whitehill and its clients," McSpurren continued. "Whitehill's staff is committed to creating delighted customers with every project, and those efforts continue to bear fruit."
- 30 -
About Whitehill Technologies, Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company with 200 employees in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.
For further information, or to arrange for interviews, please contact:
Lynne Reid
Media Relations Specialist
Whitehill Technologies
888-944-8344 x521
lreid@whitehilltech.com
Thursday, March 22, 2007
Whitehill Technologies one of the Top 3 “Movers and Shakers” in Canadian IT, according to the Branham 300
MONCTON, NB, Canada - March 21, 2007 - Whitehill Technologies has been named one of the Top Three “Movers and Shakers” on the 2007 Branham 300, an independent annual ranking of the 300 largest information technology (IT) companies in Canada.
The “Movers and Shakers” list represents companies that, through remarkable performance, showed the most significant increases in their rankings compared to the 2006 Branham listing.
Thanks to its 142% revenue growth, Whitehill rocketed up 48 places on the Branham ranking—from 143rd to 95th—making it one of the Top Three “Movers and Shakers” of the year.
This is the first time that Whitehill Technologies has cracked the Top 100 on the Branham rankings. Based on annual reported revenues, Whitehill is now the 25th largest software vendor in Canada, and the 5th largest privately held software company.
“Leapfrogging 48 places really is a tremendous achievement, especially when you consider our size,” says Paul McSpurren, President & CEO, Whitehill Technologies, Inc. “Growth like this is pretty rare among companies as well established as ours.” Whitehill served its 1,000th customer this year, and has 200 employees working at multiple locations in Canada and the United States.
“What isn’t mentioned in the rankings, but which is even more important, is that Whitehill achieved all of this growth while remaining profitable,” McSpurren continues. “Whitehill bases its business philosophy on three pillars: innovation, customer satisfaction, and business performance. Our entire staff made a great team effort to achieve tremendous growth over the past year, and to maintain our track record of high customer satisfaction.”
The Branham Group provides “go to market” direction to IT product and service companies. The Branham 300 listing, published annually in the March issue of Backbone Magazine, is a ranking by revenue of the top Canadian IT companies. The listing offers a snapshot of the Canadian IT market, and has become an important gauge by which IT companies are measured. The complete Branham 300 listing is available at www.backbonemag.com.
About Whitehill Technologies Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.
For further information, or to arrange for interviews, please contact:
Lynne Reid
Media Relations
Whitehill Technologies, Inc
888-944-8344 x521
lreid@whitehilltech.com
The “Movers and Shakers” list represents companies that, through remarkable performance, showed the most significant increases in their rankings compared to the 2006 Branham listing.
Thanks to its 142% revenue growth, Whitehill rocketed up 48 places on the Branham ranking—from 143rd to 95th—making it one of the Top Three “Movers and Shakers” of the year.
This is the first time that Whitehill Technologies has cracked the Top 100 on the Branham rankings. Based on annual reported revenues, Whitehill is now the 25th largest software vendor in Canada, and the 5th largest privately held software company.
“Leapfrogging 48 places really is a tremendous achievement, especially when you consider our size,” says Paul McSpurren, President & CEO, Whitehill Technologies, Inc. “Growth like this is pretty rare among companies as well established as ours.” Whitehill served its 1,000th customer this year, and has 200 employees working at multiple locations in Canada and the United States.
“What isn’t mentioned in the rankings, but which is even more important, is that Whitehill achieved all of this growth while remaining profitable,” McSpurren continues. “Whitehill bases its business philosophy on three pillars: innovation, customer satisfaction, and business performance. Our entire staff made a great team effort to achieve tremendous growth over the past year, and to maintain our track record of high customer satisfaction.”
The Branham Group provides “go to market” direction to IT product and service companies. The Branham 300 listing, published annually in the March issue of Backbone Magazine, is a ranking by revenue of the top Canadian IT companies. The listing offers a snapshot of the Canadian IT market, and has become an important gauge by which IT companies are measured. The complete Branham 300 listing is available at www.backbonemag.com.
About Whitehill Technologies Inc.
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.
For further information, or to arrange for interviews, please contact:
Lynne Reid
Media Relations
Whitehill Technologies, Inc
888-944-8344 x521
lreid@whitehilltech.com
Subscribe to:
Posts (Atom)
