Skywire Software announced the completion of its $127 million acquisition of Docucorp International, a provider of customer communication management solutions. The companies will merge to deliver technology to insurance, healthcare and financial services industries. The merged company will adopt the Skywire name and operate as a privately-held subsidiary of Hall Financial Group. Patrick Brandt, CEO and founder of Skywire, will serve as president and CEO of the new company. 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 committed to being the industry leader in customer service, innovation and talent."
The company's business model enables it to deliver software and services to more than 1,600 customers worldwide. Skywire will provide the insurance industry with an integrated set of software and service offerings, including enterprise-wide document automation technology and business applications, such as business intelligence, data movement, rating, rules, and underwriting.
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