Vikaran and MPCS will become part of the company’s technology subsidiary, Patriot Technology Solutions. These acquisitions will expand Patriot National’s technology product offerings and provide an outsourcing platform in India.
“We are very excited and pleased with the possibilities that are opened up by Patriot’s acquisition of Vikaran. This is a huge win, not only for both companies but also for our current and future customers. Vikaran’s innovative technology platform coupled with Patriot National’s deep business and operational expertise creates a unique value proposition in the insurance marketplace. The added credibility of a strong balance sheet and public-company transparency will enhance our competitive position in the marketplace. We’re looking forward to changing the fundamental way that insurance companies evaluate, purchase and deploy technology in their business,” said Sandeep Mehta, CEO of Vikaran.
“Our goal at Patriot is to deliver innovative technology and insurance solutions unmatched by any other provider. We have collaborated with Vikaran and MPCS for several years and I have the highest level of respect and confidence in their technical skills, innovative thinking and ability to execute. With the addition of Vikaran’s core product, we offer a complete insurance value- chain solution which meets the needs of all our current and potential clients. We are delighted to welcome them to our team,” said Judith Haddad, President of Patriot Technology Solutions, Patriot National’s technology subsidiary.
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