AMS Services Acquires BCF Technology

AMS Services, a provider of software solutions for the insurance industry, has acquired BCF Technology, Inc., a privately held insurance software and services provider based in North Carolina. Prior to the acquisition, BCF Technology and AMS Services had a multiyear partnership involving collaboration on the technology within AMS SETWrite and AMS TransactNOW.

BCF Technology's suite of insurance industry solutions is designed to allow carriers and agents to conduct real-time transactions across both new and existing technology platforms, which enables carrier-agent connectivity. The integration capabilities within the suite ensure carriers can enable real-time connectivity cost-effectively for their agents. BCF initiatives have ranged from custom single-carrier solutions to standards-based multicarrier solutions that can be extended across the entire industry.

"BCF Technology's focus is on delivering comprehensive solutions to carriers that enable them to connect with their entire agency community," says Fred Covely, CEO of BCF. "We are very excited to see AMS Services get fully behind this vision for broad, standards-based connectivity across all agency automation technologies."

Euan Menzies, president and CEO of AMS Services, says, "One of the insurance industry's best opportunities to increase efficiency is through better agent-carrier connectivity. AMS is wholly committed to this vision today and tomorrow. BCF Technology's deep experience in providing open standards-based solutions greatly will further this goal."