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ADP Claims Services Completes Acquisition of AutoVista; Combined Assets Expand and Accelerate Claims Gateway Automotive Claims Technology.


Business Editors

SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:

Argentina
  • San Ramón de la Nueva Orán, a city
Costa Rica
  • San Ramón, Costa Rica, the municipality of San Ramón
, Calif.--(BUSINESS WIRE)--Jan. 16, 2002

ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing.

(2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp.
(R) Claims Services Group today announced the completed acquisition of the AutoVista(TM) claims line of business from ComputerLogic(R). The AutoVista assets will be integrated with ADP's Claims Gateway initiative, expanding their technology solution provided to the automotive claims industry and its clients.

"ADP is committed to quickly delivering a broad base of advanced claims management solutions that help those in the automotive claims industry shorten claim cycle time and deliver exemplary service," said Gary Nixon Gary Nixon (Born on January 25, 1941, in Anadarko, Oklahoma) is an American motorcycle racer who most notably won the AMA Grand National Championship in 1967 and 1968. He is also a former winner of the Daytona 200 motorcycle race, claiming a victory in the 1967 event. , senior vice president of ADP's automotive claims services. "Now, with AutoVista's technology and web-based resources, we are in a very unique position to quickly deliver this exciting technology."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Nixon, this strategic decision resulted from an extensive evaluation of several emerging businesses and their technology solutions. "AutoVista's superior technology and agile development capabilities made it a clear choice for helping us deliver these features and services more quickly," he explained.

AutoVista provides Internet-based claims processing solutions to insurance companies, collision repair facilities, and independent appraisers. ADP's Claims Gateway, a web-based claims management tool, groups products and services together to provide a single communication link among all parties in the automotive claims process, including insurance companies, independent appraisers, collision repairers, automotive recyclers, and their vendors.

"Over the past year, we've devoted significant strategic and financial resources to further develop Claims Gateway. As we continue to implement Claims Gateway, it will act as the backbone for the claims cycle, enabling all participants who touch the automotive claims process to connect at a single point," said Nixon. "We're very excited that the acquisition of AutoVista gives us the impetus we need to accelerate our Claims Gateway initiative."

ComputerLogic, Inc., headquartered in Macon, Georgia, is a leading international provider of technology driven products that facilitate communication, knowledge management, and e-commerce.

ADP Claims Services Group, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE

See: New York Stock Exchange
:ADP), is a leading provider of integrated business solutions for clients in the property and casualty, general health, collision repair and automotive recycling industries. ADP, with approximately $7 billion in revenues and over 500,000 clients, is one of the largest independent computing services firms in the world.

ADP Claims Services Group is headquartered at 2010 Crow Canyon Place, San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005.  94583; 925/866-1100.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 16, 2002
Words:384
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