|
|
 |
|
|
|
Friday April 12, 2002
Press Release
XDimensional Technologies Completes Series B Financing Round
Brea, CA, April 12, 2002 -- XDimensional Technologies, Inc. (XDTI), a leading software development firm and web services provider to the insurance industry, today announced the completion of its Series B round of financing. The conclusion of this investment round allows XDimensional to bring its flagship product Nexsure to the insurance distribution market place. Nexsure is a web-native insurance point of sale and service solution architected on the Microsoft® .NET platform.
In keeping with its strong corporate commitment to technology and agency distribution solutions, the lead investor in this financing round was The Hartford Financial Services Group, Inc.
“The Hartford is committed to supporting technology solutions that are demanded by our product distributors,” said Joe Gauches, Hartford’s Executive Vice President of e-Business and Technology. “Nexsure is a product that several of Hartford’s major brokers and agents seek to improve their businesses and fully integrate the Internet with their sales and management processes. We are pleased by the opportunity to help meet this demand, and be a part of financing XDTI’s growth and development, working with its management team.”
“The Hartford brought to this process, the same business acumen, that makes them such a respected leader in their market,” comments Craig Fuher, XDTI’s Chairman and CEO. “The technical and business savvy demonstrated throughout their analysis of the investment made it very clear that The Hartford’s value as a strategic investor will far exceed that which can be measured in dollars and cents.”
In addition, Microsoft Corporation has selected XDimensional Technologies, Inc., with its Nexsure product, as its “Go to Market” partner in the Agency Point-of-Sale and Services marketplace.
“The Nexsure application is a prime example of what can be achieved by great developers on the Microsoft .NET platform,” said Kevin Kelly, Managing Director – Insurance for Microsoft Corporation. “Our vision of software as a service is exemplified by XDTI having built one of the most powerful and dynamic point-of-sale/service applications to have emerged in a very long time. Whether operated as a subscription web service, installed in the data-center of a large agency or brokerage, or used by a carrier to provide remote transaction capability at the point of sale, this application is the harbinger of things to come from a great new Microsoft partner.”
About XDimensional Technologies, Inc.
XDimensional Technologies, Inc. develops and markets software and other technology solutions, and serves as an applications service provider for the insurance industry. XDTI’s hosted software and professional service offerings are designed to enable more efficient information management and transaction processing among insurance carriers, independent insurance agents, brokers, and policyholders.
Contact Information
XDimensional Technologies, Inc.
145 South State College
Suite 160
Brea, California
Phone: 800-789-2567
Fax: 714-672-8908
E-Mail: sales@xdti.com |
|
|
|
|
|
|
|
|
|
