Empresas y finanzas

Skywire Software and Docucorp International Complete Merger to Create a Leading Global Software and Services Company



    Skywire Software, a privately-held enterprise software company,
    announced on Friday the successful completion of its $127 million
    acquisition of Docucorp International, a leading provider of Customer
    Communication Management (CCM) solutions. The companies will merge to
    create one of the largest software and services providers delivering
    best-in-class technology to insurance, health care and financial
    services industries.

    The merged company will adopt the Skywire Software name and
    operate as a privately-held subsidiary of Hall Financial Group, a $2
    billion private, diversified financial firm. Patrick Brandt, CEO and
    founder of Skywire Software, will serve as president and CEO of the
    new company, and Michael D. Andereck, president and CEO of Docucorp,
    will serve as Skywire Software's executive chairman of the board.

    "Skywire Software will capitalize on both companies' strengths,
    continuing to bring to market technology that will help companies
    integrate processes, people and information," said Brandt. "We are
    fully committed to being the industry leader in customer service,
    innovation and talent."

    The company's business model enables it to more efficiently
    deliver leading software and services to more than 1,600 customers
    worldwide, including insurance, health care, financial services and
    utility companies. Customers include four of the top five banks on the
    Forbes Global 2000, and more than half of the top 200 insurance
    companies.

    Skywire Software will provide the insurance industry with one of
    the most comprehensive integrated sets of software and service
    offerings, including enterprise-wide document automation technology
    and business applications, such as business intelligence, data
    movement, rating, rules and underwriting.

    "The merger allows the company to leverage Docucorp's two decades
    of experience in the insurance industry, as well as the flexibility
    and resources of being a private company, to provide customers with
    new, innovative products that deliver powerful ROIs and competitive
    advantage," said Andereck.

    The merger positions Skywire Software as a dominant force within
    the insurance, health care and financial services industries. Skywire
    Software's expansion has been fueled by organic growth and through
    eight previous acquisitions during the past four years.

    About Skywire Software

    Skywire Software is a leading software company serving the
    insurance, health care 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, online 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
    1-866-844-8780 or visit www.skywiresoftware.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.

    (C) 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.