Ventiv Technology to Acquire 4iSoft

By CIOReview | Monday, April 4, 2016
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CHICAGO, IL: Ventiv Technology, one of the big players in providing risk, claims and safety software, announced that it has entered into a definitive agreement to acquire 4iSoft, a well known entity in risk and insurance IT consultancy services.

The acquisition of 4iSoft by Ventiv Technology creates further competitive advantage for both Ventiv Technology and 4iSoft. Clients will continue to experience the same high standards they have come to expect from both companies. The clients are going to have a nice time from delivery of continuous innovation at a much faster pace. The company is well positioned not just to provide award-winning products like RiskConsole and iVOS, but to improve them at a rapid pace and bring innovative technology solutions to market faster.

With complete focus on the insurance market, 4iSoft has become the partner of choice for high quality support services due to its industry knowledge, global delivery capability, business process expertise, and proven credentials. It has got extensive experience working on domains in claims, including property & liability, workers’ compensation and healthcare, as well as risk management information systems (RMIS) implementations.

“4iSoft aids us in accelerating both innovation and delivery across all of our solutions, while improving our operational efficiency,” said Stephen Rhee, CEO, Ventiv Technology. “We are striving to be the best in the market in software solutions, and this acquisition represents another major step in our aggressive growth agenda.”

“Deciding to join with Ventiv Technology was not such a difficult decision, as we have already been partners on several projects. Each project has been a success and we’ve delivered enormous value for clients and our teams have demonstrated the knack to work together seamlessly. I’m very excited about what the future holds for 4iSoft as we now grow with Ventiv Technology,” emphasized Brijesh Kumar, Founder and CEO, 4iSoft.