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June 2009
Specialist insurance software solutions provider, Open Square, is already benefitting from joining the Metaskil family and is moving ahead with ambitious growth plans.
Professional services business Metaskil has acquired the software developer and is providing the support to exploit Open Square’s proven range of insurance solutions.
The new ownership gives Open Square access to increased marketing and implementation resources for its software which allows insurers, either with their existing systems or standalone, to more quickly innovate or introduce new products in a greatly condensed timescale.
According to Open Square’s Tim Tribe, the new owners have already opened a number of doors: ‘Metaskil has supplied us with a pipeline of opportunities like we have never had before.
‘We have been introduced to just some of Metaskil’s existing clients and contacts and they have all responded positively to meeting us and want to know how we can help their businesses.’
The move fits well with Open Square’s ambitious growth strategy, which was one of the company’s key attractions to Aldermaston based Metaskil.
Managing Director of Metaskil, Ian Faulkner, said: ‘We had been watching developments at Open Square for some time.
‘Open Square’s solutions allow insurers to quickly respond to market shifts and underwriting changes; bring new products to market; enhance existing products quickly and easily; and to extend and integrate legacy systems.
‘We know from our relationships with general insurance companies that is exactly what they want. Open Square’s software solutions fit some of the most pressing and long-standing needs of the market.
‘The powerful combination of Open Square and Metaskil is already bearing fruit; we have won our first new client and are building an impressive pipeline of future business. This is going to have a serious impact on the market.’
Open Square’s Tim Tribe added: ‘We’re really excited about joining the Metaskil group of companies. Their backing will enable us to accelerate our business plans and realises our potential much more quickly.
‘The chemistry between us and Metaskil felt right – they genuinely understand our passion – and they bring a lot to the table; great marketing skills, deep project implementation expertise, and additional insurance knowledge.’
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