Skywire Enters Definitive Agreement to Acquire Whitehill

Skywire Software and Whitehill Technologies, two providers of software and services for insurance, financial services, legal, and professional services, have entered into a definitive agreement under which Skywire will acquire Whitehill. Terms of the transaction, which is expected to be complete on or before August 31, were not disclosed.

The acquisition of Whitehill will solidify Skywire's position as a vertically focused software company and continue its aggressive global expansion in serving insurance, financial services, and other key, high-growth industries. Whitehill provides document and compliance software that helps insurance carriers and other companies improve efficiency and speed of key business processes. Based in Moncton, New Brunswick, Whitehill is a privately held company with a major center in Markham, Ontario, and offices in the U.S. and UK. With the acquisition of Whitehill, Skywire Software will employ more than 650 employees and serve nearly 2,500 customers in 45 countries.

"This acquisition anchors our position as a leading provider of key software applications to insurers of all sizes and across all segments of the insurance industry," says Patrick Brandt, president and chief executive officer of Skywire. "Whitehill offers an attractive complementary customer base and performance-driven talent. It fits well with our goal of providing the best customer service and technology in the industry, furthers our presence in key vertical markets, and enhances our presence on a global basis."

Whitehill serves more than half of the largest insurance companies in North America. The company's document automation and regulatory compliance software complements Skywire Software's portfolio of software applications and services that assist insurers in managing the life cycle of a policy.

"It's incredible the number of synergies between Skywire Software and Whitehill's offerings, customers, and employees," says Paul McSpurren, president and chief executive officer of Whitehill. "We look forward to combining with Skywire Software to continue serving the legal and insurance markets and building one of the top vertically focused software companies fueled by innovation, talent, and a drive to provide outstanding customer service."

Current Whitehill customers should expect business to continue without interruption. The shared vision to build upon the domain expertise, process knowledge, and service delivery success of the combined companies was a key driver of the acquisition. The transaction continues Skywire Software's aggressive expansion, which has been fueled by organic growth and through nine previous acquisitions during the past four years. Earlier this year, Skywire Software completed the acquisitions of both Docucorp International and Integrated Insurance Technologies. Skywire Software is a privately held subsidiary of Hall Financial Group, a $2 billion private, diversified firm.