Cover-All Technologies Inc. Acquires BlueWave Technology

Cover-All Technologies Inc., a Delaware corporation, announced the acquisition of the assets of BlueWave Technology, including its insurance claims software, PipelineClaims, in a cash transaction effective December 30, 2011.

The Cover-All/BlueWave browser-based claims administration software will be marketed both as a standalone product as well as a fully integrated component within Cover-All’s existing policy and business intelligence products, offering Cover-All customers a fully integrated, full function business technology platform.

BlueWave Technology, based in Honolulu, Hawaii, offers claims products for insurance companies, third party claims administrators (TPAs) and other insurance entities. PipelineClaims utilizes the latest technologies to create a flexible, easy-to-use, functionally rich and efficient claims product.

Cover-All is pleased to be able to retain most of the employees of BlueWave, including President, Alyssa Hostelley, and COO, Keith Inouye.

While BlueWave Claims, like Cover-All’s other products, will continue to be offered as a stand-alone component, it is also being fully integrated with NexGen Policy (My Insurance Center), NexGen Business Intelligence, and NexGen Billing (currently in development) to create a comprehensive fully integrated enterprise platform for the property and casualty marketplace.

In order to further accelerate the growth of the Cover-All/BlueWave Claims product, Cover-All announced that Aaron Herrmann is joining Cover-All as vice president of sales. Herrmann has more than 16 years of insurance software sales experience and 9 years providing claims administration solutions to the industry.

Source: Cover-All Technologies, Inc.