Thazar Solutions Corp. Is Acquired

NU Online News Service, Sept. 26, 12:01p.m.?Skywire Software, a software development andenterprise application integration company, along with investmentpartner Tobat Capital, announced it has acquired ThazarSolutions

Corp. Details of the deal were not disclosed.

Thazar Solutions, based in Overland Park, Kan., is a provider ofbusiness intelligence and analytic software for theproperty-casualty insurance industry.

The acquisition of Thazar Solutions' assets includes INSsight, abusiness intelligence and management information system exclusivelyfor the p-c insurance industry, said Skywire.

Tobat is based in Dallas and Skywire in Frisco, Texas

Thazar's INSsight portfolio is composed of eight applicationsthat allow companies to manage and analyze business-critical dataacross operating segments, then make informed decisions aimed atimproving current and future profitability.

Patrick Brandt, founder and chief executive officer of Skywire,said, "P&C companies have an immediate need for technology thatallows them to easily access, analyze and use their data in moreefficient and intelligent ways."

He said Thazar Solutions' data model and business intelligencetechnology can be used by p-c companies to "realize the benefits ofreduced costs, increased profits, and improved customerrelationships within 12 months."

"Thazar Solutions' business intelligence offerings fit well withSkywire Software's Insurance Suite," said Thomas Chesbrough,executive vice president of Thazar.

He added that, "With Skywire Software's added resources,operational support and experienced talent, we will be able tocontinue to build and improve our applications, enabling insurersto more precisely analyze their lines of business and capitalize ontrends."

Customers of Thazar Solutions' technology include AXA Re, FirstInsurance of Hawaii, Unitrin Property and Casualty, and U.S. RiskInsurance Group, said Skywire.

Skywire Software will manage Thazar Solutions as a separateoperating unit, and Thazar's products and services will beavailable through Skywire Software's Insurance Suite, the companysaid.