AMS Services Acquires InStar Corporation.BOTHELL, Wash. -- AMS AMS - Andrew Message System Services announced today that it has acquired InStar INSTAR. Likeness; resemblance; equivalent as, instar dentium, like teeth; instar omnium, equivalent to all. Corporation, a Washington-based developer of fully integrated agency management solutions for both retail and wholesale/MGA insurance industry segments. "The acquisition of InStar's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets strengthens AMS Services' position as the pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae provider of solutions facilitating independent agent and broker productivity and carrier/agent connectivity," stated Euan Menzies, AMS Services president. "The InStar team is a great addition to AMS. With the addition of InStar's customers we are strengthening our presence and extending our strong customer base with 1,000 new agencies. We will be bringing additional value-added solutions to InStar customers such as real-time connectivity to carriers through TransactNOW(TM)." "The combined organization offers the best technology and solutions for our customers, including products such as AMS 360(R), a state-of-the-art technology with the design and architecture to meet the rigorous demands of the evolving future," said Ken French, president and chief executive officer of InStar. "We are looking forward to working with AMS, and will be ensuring that the transition is not disruptive for our clients and employees." Financial terms between the two privately held firms were not disclosed. Ken French, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Tom Hatcher, VP of InStar Corporation will continue with the company. AMS will maintain an office in Kennewick, Washington Kennewick is a city in Benton County in southeastern Washington. It is the most populous of the three cities collectively referred to as the Tri-Cities (the others being Pasco and Richland). and will continue to provide service and support for InStar customers. About AMS Services AMS Services is a leading provider of innovative software products and services for independent insurance agents, brokers, carriers, banks, managing general agents 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 technology solutions are the main desktop applications for agencies of all sizes and help improve agent productivity and carrier/agent connectivity. To learn more about AMS products and services, call 800.444.4813 or visit our Web site at www.amsworld.com. About InStar Corporation InStar Corporation develops and supports fully integrated agency management automation solutions for both retail and wholesale/MGA insurance industry segments. Their software is noted for its ease of use and intuitive, comprehensive workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. design. Headquartered in Kennewick, WA, InStar has over 7,000 using their software. www.instarcorp.com |
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