ADP Claims Services Group has signed a definitive agreement to purchase substantially all of the assets of ComputerLogic’s AutoVista claims line of business.
The AutoVista assets will be combined with ADP’s Claims Gateway to provide a broad technology solution to the automotive claims industry.
Claims Gateway is a group of services that provides a communication link among all parties in the automotive claims process, including insurance companies, independent appraisers, collision repairers, automotive recyclers, and their vendors. It helps manage customer claims and bring them swiftly to resolution, reducing cycle time and its associated costs.
“Our vision is to act as a catalyst for a technology innovation in the automotive claims process,” said Gary Nixon, senior vice president of ADP’s automotive claims services. “The acquisition of AutoVista takes us one step closer to our vision by accelerating our Claims Gateway initiative.”
AutoVista provides an Internet-based claims processing solution to insurance companies, collision repair facilities, and independent appraisers. It translates estimates and images into an insurance company’s preferred format, and uses secure Internet connections to transfer them to appropriate parties. Several key AutoVista associates will join ADP Claims Services Group as a result of the acquisition.
“Our decision to acquire AutoVista resulted from an extensive evaluation of several emerging businesses and their technology solutions,” added Nixon. “AutoVista was the clear choice to help us deliver more features and services at a faster rate because of their superior technology and agile development capabilities.”
The transaction is expected to be completed by year end.
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