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.