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AMS Acquires Solution' From ChannelPoint.


Business/Technology Editors

WINDSOR, Conn.--(BUSINESS WIRE)--Nov. 8, 2001

AMS AMS - Andrew Message System  Services, Inc., a leading provider of insurance software and services, announces the acquisition of The Solution, the IAS See iPlanet Application Server.

1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle.
 business of InsurQuote from ChannelPoint. The acquisition includes a Windows(R) rating product that is presently deployed in eight eastern states Eastern States can refer to several locations:
  • New England, United States
  • Eastern states of Australia
, as well as all assets and other infrastructure systems at the IAS site in Beachwood, Ohio Beachwood is a city in Cuyahoga County, Ohio, United States. It is a suburb of Cleveland. The population was 12,186 at the 2000 census. Geography
Beachwood is located at  (41.482226, -81.504001)GR1.
. The Solution products will be combined with the AMS Rating Services products to form the rating product line for AMS Services, Inc.

"This move is a strategic step forward in the delivery of AMS Windows-based desktop rating products across the country," said Ed Olsen, senior vice president and newly appointed general manager of rating products for AMS. "We affirmed af·firm  
v. af·firmed, af·firm·ing, af·firms

v.tr.
1. To declare positively or firmly; maintain to be true.

2. To support or uphold the validity of; confirm.

v.intr.
 our product focus with the recent dissolution of TowerStreet. With the integration of The Solution, we're speeding the delivery of our rate-sets and products to the marketplace. The synergy created by this acquisition will effectively combine the excellent IAS product with the strength of AMS sales, support, and delivery."

The acquisition will allow AMS to upgrade DOS rating customers and to provide a single rating product to the combined customer base in those eight states. AMS will improve the delivery of The Solution rate-sets through electronic distribution and will consolidate resources that otherwise would be expended ex·pend  
tr.v. ex·pend·ed, ex·pend·ing, ex·pends
1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend.

2.
 on supporting multiple products in multiple states.

"We are excited to have the IAS team join ours, added Olsen. "Their management staff is a strong group and will continue to spearhead our efforts with the IAS product. We intend to combine the Ohio staff's product expertise with our accuracy and timeliness to offer customers a truly superior service."

About AMS Services, Inc.

AMS Services, Inc. provides software and automation services to insurance agents, brokers, carriers, banks, MGAs, and other distributors of insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. AMS is the largest provider of comparative rating systems in the insurance industry. AMS rating products increase the efficiency of insurance processing by streamlining the delivery of insurance information, services, and products to more than 20,000 customers. To learn more about AMS products and services, call 800-444-4813 or visit our website at www.ams-services.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 8, 2001
Words:362
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