PROVIDENCE, R.I., Mar. 1, 2021 /PRNewswire-PRWeb/ — CORE Business Technologies (“CORE”), a comprehensive provider of revenue management and consumer engagement solutions for Government, Healthcare and Higher Education, announced its February 9th, 2021 acquisition of Automated Merchant Systems (“AMS”), a proven provider of electronic payment processing solutions for government agencies and businesses.

The purchase will bring together leading technologies and expertise that expand and deliver greater consumer-friendly, digital experiences to better serve the needs of clients with feature-rich, flexible payment solutions.

CORE CEO, Dan Paulus, said, “With decades of experience serving governments and the private sector, AMS is an expert in unlocking the full power of electronic payments. Coming together creates a unique opportunity to extend greater capabilities and value to our customers. AMS customers will gain access to powerful and mature SaaS Cashiering, Electronic Bill Presentment and Payment (EBPP), and Constituent Engagement solutions from CORE. CORE will benefit from access to additional gateway integrations, powerful merchant services management tools, and broader technology integration relationships. Bringing these technologies and processes together will provide greater value to our customers and we believe this is a true one plus one equals three equation.”

Commenting on the acquisition, Dan Sloan, President of AMS, said, “We are excited to join CORE and become part of the CORE organization. We view our clients as partners and look forward to continuing to help them achieve their goals with CORE's expanded value-added solutions and services, and robust integration capabilities.”

This investment represents an important strategic opportunity to further deliver robust, integrated best-in-class payment processing solutions to drive efficiencies in local and state governments, and businesses nationwide.

About CORE

CORE Business Technologies is the only SaaS-based solution provider that closes the loop on the full payment transaction lifecycle, enabling fast, frictionless, interactions between government, healthcare, and higher education clients, their constituents, and customers.

About AMS

For nearly three decades serving the public and private sector, AMS has provided payment processing solutions driven by the need to raise consumer engagement, increase adoption, and lessen the cost of payment acceptance to keep pace with emerging payment technologies.

Media Contact

Suzanne Reynolds, CORE Business Technologies, +1 8665672673 Ext: 1422, [email protected]

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NEW HAVEN, Conn., March 1, 2021 /PRNewswire-PRWeb/ — Connecticut Innovations (CI), Connecticut's strategic venture capital arm and the leading source of financing and ongoing support for Connecticut's innovative, growing companies, today announced that it invested $7.2 million across 26 transactions during the second quarter of its 2021 fiscal year, ending December 31, 2020.

In terms of investment breakdown, CI directed approximately $4.3 million toward companies in the bioscience and healthcare information technology (IT) sector and $2.4 million toward IT companies. The remaining funds were distributed to companies spanning a range of industries.

The investments leveraged an additional $156 million in outside capital. CI's largest investments of the quarter went to Artizan Biosciences, DiA Imaging Analysis, IsoPlexis and Payveris.

“With more than two dozen transactions secured, CI enjoyed a robust second quarter as we continued to invest in and support Connecticut's early-stage companies,” said David Wurzer, executive vice president and chief investment officer at Connecticut Innovations. “During this time of enhanced and unique challenges, we are heartened by the perseverance of our portfolio companies and enthusiastic about their prospects.”

About Connecticut Innovations
Connecticut Innovations (CI) is Connecticut's strategic venture capital arm and the leading source of financing and ongoing support for Connecticut's innovative, growing companies. CI provides venture capital and strategic support for early-stage technology companies, financial support for innovation and collaboration, and connections to its well-established network of partners and professionals. For more information, please visit http://www.ctinnovations.com.

Media Contact

Lauren Carmody, Connecticut Innovations, 8602587829, [email protected]

SOURCE Connecticut Innovations

TORONTO, March 1, 2021 /PRNewswire-PRWeb/ — Chisel AI, a technology provider for the global insurance industry, today announced the publication of a new eBook Underwriting Priorities 2021 and Beyond with expert insights from 14 insurance industry leaders on how emerging technology is transforming commercial lines underwriting.

Featuring contributions from Boundless Consulting Group, Decision Research Corporation, Sapiens, Strategy Meets Action, Xceedance, Zurich North America, and many others, this second annual crowdsourced eBook brings together diverse perspectives on the P&C insurance industry's ongoing efforts to modernize commercial lines underwriting.

“In 2021, digital transformation strategies are going to be more about growth in operational excellence, optimizing operations, and improving the customer experience,” says Deb Smallwood, Senior Partner, Carrier Transformation, Strategy Meets Action, a ResourcePro company. “To effectively transform, insurers are going to need to empower underwriting teams to embrace innovation and culture, rethink roles, and redesign workflow and process – all enabled by transformational technologies and data.”

“Commercial insurers face mounting market pressures including a hardening market, the lingering effects of the pandemic, and rising policyholder expectations for a touchless, 'Amazon-like' digital insurance experience,” says Ron Glozman, CEO and Founder, Chisel AI. “Insurers have been galvanized to digitally transform manual, paper-based underwriting processes and find operational efficiencies and cost savings that support their time to revenue, growth and profitability goals. Chisel AI curated this eBook to provide a blueprint for impactful underwriting transformation.”

To download a complimentary copy of the Underwriting Priorities 2021 and Beyond eBook, visit: https://www.chisel.ai/commercial_insurance_underwriting_priorities_2021_ebook

About Chisel AI
Chisel AI's purpose-built solution for commercial insurance reads and extracts unstructured data trapped in digital insurance documents. Our advanced AI platform and intelligent workflows automate high volume, repetitive manual underwriting and brokering processes, enabling insurance carriers and brokers to double their business, reduce operating costs, and deliver a better digital customer experience without adding staff. Our customers include some of the world's largest commercial lines insurance carriers and brokers. Chisel AI was named to the 2020 INSURTECH100 list of the world's most innovative insurtech companies, and won Gold at the 2019 Zurich Innovation World Championship. For more information, visit http://www.chisel.ai.

Media Contact

Tracy Staniland, Chisel AI, +1 647 952 3026, [email protected]

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SOURCE Chisel AI