ImageRight, recently acquired by Vertafore, Inc. (the AMS Services holding company), has announced the acquisition of Computers by Design (CBD), Inc. of Tampa, Fla. CBD provides imaging and document management solutions, such as its popular CBDDoc for insurance agents and brokers. CBD will function as the retail agency division of ImageRight. ImageRight will focus on the insurance company sector of the insurance industry.
“This acquisition will allow us to extend our document management solutions into the agency sector,” said Don Elias, co-founder and principal of ImageRight. “CBD has a strong agency base and a solution that is highly complementary with the document management products we already offer. Our combined capabilities will enable ImageRight to deliver leading solutions to all segments of the insurance distribution chain — agencies, wholesale brokers, MGAs, and carriers. Additionally, our combined solutions will enable us to improve the management and flow of documents across the insurance industry.”
The CBD document management solution, CBDDoc, was specifically designed to meet the needs of insurance agencies and brokerages. CBDDoc allows agencies to attach any type of document to a customer’s file regardless of its originating location, application, or mail system. Documents are indexed and saved using CBDDoc document-saving technology. Examples of managed documents include scanned images, received faxes, Microsoft Word documents, and e-mail. CBD currently has more than 100 retail customers across the country. Steven Finch and Hani Esoo of CBD will continue in key leadership roles for CBD and will be spearheading the expansion of CBD’s presence in the retail agency and broker market segment.
“CBD has been providing document management and submission solutions to retail agents for more than a decade,” said Steven Finch, executive vice president of CBD. “This expertise and existing product line, combined with ImageRight’s leadership in the carrier and MGA market, will allow for the development of innovative document distribution and presentation solutions.”
Financial details of the transaction were not disclosed.
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