ISO has acquired the assets of Xactware, Inc., a provider ofestimation software and services for the property insurance,remodeling, and restoration industries. Terms were not disclosed.Xactware and its more than 230 employees will continue to operateat its current headquarters in Orem, Utah, as a stand-alone entity,serving its customer base of property insurers, contractors, andservice providers throughout the U.S. and Canada.
|"Xactware enhances ISO's ability to deliver more comprehensiveproducts and services to our property insurance claims customers,"says Frank J. Coyne, ISO chairman, president, and CEO.
|"We are extremely pleased to be joining the ISO family ofcompanies," says Jim Loveland, Xactware's president and CEO. "Thiscombination provides us an excellent opportunity to develop new andenhanced products for our customers, expand our customer base, andestablish new markets."
|Founded in 1986, Xactware offers data management and softwaresolutions for every phase of a building's life: from determiningthe replacement cost of a home for underwriting purposes to sendingand receiving real-time insurance claims estimates to remodelingand replacing buildings.
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