University Park, IL (November 21, 2019) – Insuresoft, a digital insurance platform provider for property and casualty insurers, today announced that it has been acquired by Volaris Group (Volaris) An operating group of Constellation Software Inc., Volaris is committed to strengthening and growing vertical market technology companies.
The acquisition includes Insuresoft’s flagship product, the Diamond System, a digital insurance platform comprised of policy, billing, claims, and analytics modules that are utilized by property and casualty insurers. “We are excited to begin this next chapter in our growth story,” said Terry Brown, President of Insuresoft. “As part of the Volaris organization, Insuresoft benefits from industry best practices and a global network of resources and relationships. This move makes us an even stronger partner for our clients and that’s very important to me.”
Michael Dufton, Portfolio Leader of Volaris, said, “We are impressed by Insuresoft’s strong management team and product expansion. PPSC has differentiated itself through its innovative software and unique approach to tailoring solutions that fit the needs of insurers of all sizes. We are excited to support PPSC in its continued growth. The acquisition of PPSC supports Volaris’ plans to continue to expand our presence in the insurance technology sector and furthers our commitment to being a leading supplier of technology to the insurance industry.”
In keeping with Volaris’ philosophy of acquire, strengthen and grow, Insuresoft maintains its brand and independence with support, coaching and best practices from Volaris. Terry Brown continues in her role as President, working alongside the existing Insuresoft management team.
About Insuresoft
Insuresoft is a privately held independent software vendor with offices in University Park, IL and Tuscaloosa, AL. Insuresoft’s flagship product, Diamond, is a digital insurance platform comprised of policy, billing, claims and analytics modules that are utilized by property and casualty insurers. The platform processes all personal and commercial lines of business across all 50 states. Insuresoft’s clients span the continuum from start-up MGA to some of the largest carriers and brokers in the United States. For more information, visit www.insuresoft.com, email sales@insuresoft.com, or call 866-299-1314.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an operating group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
