Ventiv Technology, a provider of risk, claims and safety software solutions, has acquired David Corporation for an undisclosed amount.


Image: Ventiv acquires David Corporation. Photo: Courtesy of adamr at

The combined company, Ventiv Technology, will have over 625 clients, 390,000 users and 450 employees spread across offices in 9 countries.

Ventiv CEO Bill Diaz said the purchase enhances Ventiv’s product capabilities and improves the company’s competitive position in various key markets.

Diaz said: “We’re excited to add DAVID Corp. products to the Ventiv suite of technology solutions. NAVRISK VISION Policy is a market-leading administration and underwriting tool that moves Ventiv into the policy marketplace.

“DAVID’s NAVRISK VISION Claims is uniquely positioned to offer P&C midmarket organizations a state-of-the-art claims administration tool at an affordable price. In addition, acquiring DAVID Corp. will strengthen our position in key markets that include captives, health care, and risk pools, risk retention groups and insurance funds.”

Founded in 1985, David develops risk, claims and policy management solutions to serve the needs of brokers, insurance carriers, risk pools, third party administrators (TPAs), self-insured companies and other organizations managing property and casualty risk.

With more than thirty years of experience in insurance industry, the company claims to help organizations in running their operations more efficiently and better controlling their total cost of risk outcomes.

Ventiv stated that the current clients of David will receive support from the company for its NAVRISK VISION suite of products. The company does not plan to move clients of NAVRISK VISION to Ventiv products or vice versa, unless a client identifies a need solved by another solution.

However, for new customers, the combined company will offer an integrated risk management, claims and policy solutions configured to best meet their specific needs.

David Corp president and CEO Mark Dorn will not join the combined company, but will serve as a consultant during the transition period following the acquisition.

Dorn said: “In Ventiv Technology, DAVID Corp. has joined forces with the ideal partner. Ventiv understands and appreciates the many assets as well as the expertise that the people of DAVID bring to this acquisition. I’m proud of the work that my DAVID colleagues and I have done to build and deliver outstanding policy, claims and risk products.

“I’m confident that DAVID’s already successful trajectory will be accelerated under Ventiv’s leadership. DAVID’s outstanding staff and our valued customers are in excellent hands with Ventiv Technology.”