ISO has acquired the assets of Xactware, Inc., a provider of estimation software and services for the property insurance, remodeling, and restoration industries. Terms were not disclosed. Xactware and its more than 230 employees will continue to operate at its current headquarters in Orem, Utah, as a stand-alone entity, serving its customer base of property insurers, contractors, and service providers throughout the U.S. and Canada.
"Xactware enhances ISO's ability to deliver more comprehensive products and services to our property insurance claims customers," says Frank J. Coyne, ISO chairman, president, and CEO.
"We are extremely pleased to be joining the ISO family of companies," says Jim Loveland, Xactware's president and CEO. "This combination provides us an excellent opportunity to develop new and enhanced products for our customers, expand our customer base, and establish new markets."
Founded in 1986, Xactware offers data management and software solutions for every phase of a building's life: from determining the replacement cost of a home for underwriting purposes to sending and receiving real-time insurance claims estimates to remodeling and replacing buildings.
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