Insurance Services Office announced today it 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.

The privately held company and its more than 230 employees will continue operating at its current headquarters in Orem, Utah, as a stand-alone entity, serving property insurers, contractors and service providers throughout the United States and Canada, said Jersey City, N.J.-based ISO.

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