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Peak Performance kicks off series of insurance industry acquisitions with Mayfare Software Solutions
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Hoboken, NJ, November 22, 2004 - Peak Performance Solutions, Inc., a newly established insurance software provider, today announced that it has completed the acquisition of Mayfare Software Solutions, an insurance software solution provider with an impressive track record of over 30 years delivering products and services to the P&C insurance industry. The acquisition of Mayfare represents the first in a series of Peak Performance acquisitions designed to assimilate a robust suite of high-value, high-quality established software solutions, coupled with an arsenal of talented technology and insurance resources. With this marriage of proven solutions and people talent, Peak Performance will offer the insurance industry the long-desired world-class products and services with an impressive ROI. Steven Isaac, CEO of Peak Performance, commented, “Peak Performance was established with the sole purpose of bringing together proven, high impact insurance solutions as well as the talented insurance and technology resources to further develop and deliver seamless Web managed end-to-end insurance solutions. Our objectives are simple -- development and delivery of high-quality, functionally rich insurance software products and services with outstanding ROI --- Goals that the insurance industry has been waiting far too long to achieve. ” Mr. Isaac added, “The Mayfare acquisition is just the beginning. After extensive due diligence we knew the products, people, and clients that Mayfare brought to our organization would help us to establish our foundation and give us something to build on, while offering the existing Mayfare clients the benefits of new software and technology alternatives to enhance their existing operations.” Allen Barnett, Peak Performance’s CFO and former CEO of Mayfare, noted “We see this acquisition as an outstanding win for everyone involved. Combining resources, products and talent will only serve to deliver more quality products, more quickly to our existing and future clients in the industry. This is an exciting time and we are thrilled to be part of a dynamic and growing organization like Peak Performance.” About Peak Performance Solutions, Inc. Headquartered in Hoboken, New Jersey, Peak Performance provides software solutions and services to the property & casualty insurance industry; offering a complete, end-to-end solution for policy, claims, accounting and statistical reporting, including all implementation and ongoing support services. In addition to the insurance processing software and related support, Peak Performance offers a full range of decision support, electronic commerce, data conversion and data content products and services designed to assist insurance organizations to better leverage technology for reduced operating costs while directly impacting loss ratios. For more information on Peak Performance please contact Steven Isaac at sisaac@mayfare.com telephone number 614-277-9660 or Michael Osheroff at mosheroff@mayfare.com, telephone number 410-531-8528. Please visit our website at www.mayfare.com. |
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For more information on Peak Performance products and services, please call us at 614-344-4640 |
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