State Auto to focus on its major business
NuGrowth Solutions, a software sales and development company, has entered into a purchase agreement to acquire Strategic Insurance Software (SIS), a subsidiary of Ohio-based State Auto Financial Corporation (STFC).
Greg Tillar, CEO of NuGrowth, said: “We have appreciated being part of an organisation that brings such excellence and commitment to the insurance agency marketplace. We look forward to building on that passion. With its talented staff, robust agency management platform, outstanding customer service and award-winning industry expertise, SIS is poised for continued success and quality growth.”
Bob Restrepo, chairman and CEO of STFC, said: “SIS customers, many of whom are State Auto agents, will benefit from the singular focus of NuGrowth. SIS has built terrific agency management software products, but State Auto is an insurance company and that needs to be our singular focus. NuGrowth is acquiring talented people who will insure the maintenance and stability of SIS products.”
NuGrowth has provided business development, sales and e-communications services to SIS since 2008.
STFC is a property and casualty insurance holding company in the US.