Patriot National buys Vikaran Solutions with Judith Haddad

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.

Cloud-based SaaS model to change insurance

The level of technology available to insurance companies has been fairly limited in the past. There haven’t been more than a few options to work with, and the functionality of those programs has been very limited. Now that the cloud is available, however, we are seeing that change drastically. One worker’s compensation company in Missouri is noticing a huge improvement due to the efforts of Judith Haddad at Patriot Technology Solutions.

Cloud commuting changes everything

Patriot offers a wide variety of cloud-bases SaaS programs that can help insurance businesses save time and money as they focus on growing steadily and maintaining policy holders. Missouri Employers Mutual, a company dedicated to providing premium worker’s compensation insurance, is just one of the businesses that has adopted the full suite of SaaS cloud-based services from Patriot and has seen it provide more cost-effective and market-driven answers for the business and users. Patriot set up MEM with an interface for its customers that looks good and is very easy to use. Ultimately, the new technology and programs will make it easier for MEM to help save more lives in the workplace, and that is ultimately the biggest goal at the company.

Patriot leadership

Patriot Technology Solutions is being run by President and CIO Judith Haddad who has been working in the insurance technology field for over 20 years. She really wanted to work at Patriot because it allowed her to not only progress the insurance industry by providing bigger and better technology solutions that had never been considered previously, but also because she wanted the opportunity to help more people who are receiving insurance. It was really a great fit because she gets to see immediately the affect her company’s solutions has on the insurance businesses they are working with as well as the affect it is having on individuals who were previously unable to really understand or navigate the insurance market on their own. Haddad has spent a lot of time volunteering in the industry and has received awards for her outstanding accomplishments as an experienced CIO. Give her a few more years, and we fully expect to see even more great things from Judith Haddad and Patriot in the future.