MarketScout Secures Funding from Leading Insurance Industry Investor.Business Editors DALLAS--(BUSINESS WIRE)--June 17, 2000 MarketScout, a Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. , Texas-based e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. company specializing in the distribution of property and casualty insurance products, has received funding from High Ridge Capital Partners II, L.P. "We believe MarketScout enjoys an exceptional management team with skills in insurance, interactive marketing and product distribution," said James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. L. Zech, President of High Ridge Capital, L.L.C. "MarketScout's plan to use e-commerce to reintermediate as oppose to disintermediate the independent insurance agent is refreshing and quite sensible." 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. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a K. Kerr Kerr , Walter 1913-1996. American playwright, writer, and drama critic for the New York Herald-Tribune (1951-1966) and the New York Times (1983-1996). In 1978 he won a Pulitzer Prize for criticism. , MarketScout's Chairman and Chief Executive Officer, "We believe the independent agent brings great value to their customers. MarketScout enable these agents to gain direct access to insurance company underwriters without going through layers of unnecessary intermediaries. MarketScout's proprietary software and e-commerce connectivity benefits the retail agent, their customers and the insurance company." MarketScout can be accessed at www.marketscout.com. MarketScout provides independent insurance agents access to specific industry specialists, selected based upon their technical skills and insurance company connections. Only one specialist is posted in each industry category. These specialists are carefully examined by MarketScout to assure they represent the "Best of Class" for their particular industry. MarketScout has posted specialists in 30 industries. Over twenty different insurance companies can be accessed via MarketScout. Management expects to add up to thirty additional insurers by year-end. High Ridge Capital L.L.C., a private equity firm focused exclusively on investing in the insurance industry and related service companies, manages approximately $150 million of capital acting as general partner of several limited partnerships on behalf of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . MarketScout is a subsidiary of Insurance Data Systems (IDS), a Dallas, Texas-based e-commerce holding company. IDS develops e-commerce strategies which streamline product distribution for the insurance industry. |
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