Verisk, a data analytics provider, has acquired Service Software, a business management software developer for the construction industry.
Service Software will become part of Xactware Solutions, a Verisk business that specializes in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries.
"This acquisition makes sense on so many levels," said Dan Long, president of Service Software. "With a team focus on the tightest integration with Xactware in the marketplace, we will make the contractor’s life easier, improving service time, reducing data entry errors and providing a single software tool from the loss notification to final billing.”
Xactware’s claims assignment, management, and analytical network, XactAnalysis, currently integrates with Service Software’s RestorationManager.net, which provides online and mobile job management software for the home construction and home restoration industry. Xactware and Restoration Manager make it possible for restoration professionals to save time by sharing job information, reducing duplicate data entry and increasing productivity.
Service Software also produces PunchlistManager.net, which allows contractors to create a collaborative schedule for a contractor, field technicians, and trade partners; and InspectionManager.net, which lets contractors automate inspection and quality assurance processes.
“Xactware and Service Software are proud to come together to support building and restoration contractors, and develop new solutions that will take the profession to the next level,” said Xactware president Mike Fulton.