June 25, 2017 11:06 AM ET

Software

Company Overview of Xactware Solutions, Inc.

Company Overview

Xactware Solutions, Inc. provides technology tools and online systems for replacement-cost calculations, estimate tracking, and data trending. The company specializes in property insurance, remodeling, and restoration industries. It offers Xactimate for claims estimating; Aerial Sketch for roof-dimensioning; Xactimate Express, an online estimating application for call centers and desk adjusters who handle structural or contents claims over the phone; XactContents for content estimating; and XactAnalysis, an assignment network and analytical tool. The company also provides XactAnalysis for service providers, an online management tool for assignment receivers, such as insurance repair contract...

1100 West Traverse Parkway

Lehi, UT 84043

United States

Founded in 1983

Phone:

801-764-5900

Fax:

801-932-8013

Key Executives for Xactware Solutions, Inc.

President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Senior Vice President
Chief Legal Officer and Executive Vice President
General Manager of Implementation
Compensation as of Fiscal Year 2016.

Xactware Solutions, Inc. Key Developments

Eagleview Technology Corporation Provides Update on Patent Litigation Against Xactware Solutions, Inc. and Verisk Analytics, Inc

EagleView Technology Corporation is encouraged by recent developments in its ongoing litigation against Xactware and Verisk for infringement of EagleView’s patents. The case began in late 2015 when EagleView filed a lawsuit against Xactware Solutions, Inc. (“Xactware”) and Verisk Analytics, Inc. (“Verisk”) for willful infringement of EagleView patents covering key technologies related to its roof measurement products. The lawsuit is currently in the United States District Court for the District of New Jersey, titled EagleView Technologies, Inc. and Pictometry Int’l Corp. v. Xactware Solutions, Inc. and Verisk Analytics, Inc., case number 1:15-cv-07025. As part of that case, EagleView will ask a jury to award it damages for Xactware and Verisk’s patent infringement and will ask a Court to order Xactware and Verisk to stop making, using and selling their aerial rooftop products.

Deacon Deploys Xactware's Suite of Claims Handling Solutions

Deacon has deployed Xactware's suite of claims handling solutions to reduce claims settlement cycle times and claim-handling costs. Since implementing Xactware's tools, including its web-based claims estimating solution, Xactimate online, and its claims management solution, XactAnalysis, Deacon has significantly reduced its average validation workflow with the capability to respond within just one day. Deacon's claim team uses Xactimate online to scope, estimate, validate, and settle property losses from the office. XactAnalysis enables Deacon's claims negotiators to more easily assign claims, monitor the status of assignments, and benchmark company performance.

Covea Insurance plc Deploys Xactware's Claims Estimating Solution

Covea Insurance plc has deployed Xactimate, Xactware's claims estimating solution, for its property workflows to shorten the claims journey from first notice of loss to final settlement. Covea Insurance desk adjusters use Xactimate online to scope, estimate, validate, and settle property losses - all whilst at the office. With this innovative approach to claims handling, Covea Insurance has successfully improved efficiency, tightened control over claims costs, and enhanced the quality of customer service.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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