Coastal Insurance Underwriters, Inc. Acquires Assets of Tech Company Partner

2020 JAN 28 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- Coastal Insurance Underwriters, Inc. (Coastal), a Ponte Vedra Beach Florida based MGU and program administrator, announced the acquisition of Cybercom International Corporation’s assets on 01/02/2020.

Cybercom International Corporation, Inc. (CIC) was established in 1997 as a custom software development company in Ponte Vedra Beach, FL. During the past 23 years, Cybercom has been building high- performance enterprise-level applications for a number of vertical markets, including insurance, e-commerce, industrial, medical, and manufacturing.

Cybercom’s capabilities include new product development, existing product support, analytical reporting, document generation, third-party integration and workflow automation. In the insurance marketplace, Cybercom has built tools for a number of coverage lines, including Property, General Liability, Crime, Directors & Officers, Umbrella, Commercial Auto Liability, and more.

Cybercom has maintained a strong relationship with Coastal for over 15 years. What started out as a simplified rating engine has transformed into a full lifecycle policy system for both Personal and Commercial lines products.

Both Coastal and Cybercom are excited to partner together to continue to advance in automation and enhance Coastal’s proprietary policy lifecycle management system.

“Coastal and Cybercom will be a powerful dynamic duo together, which will allow Coastal to further enhance our proprietary system and to shape the future of technology within the industry, “commented Charles R. Bushong, President/CEO and founder of Coastal Insurance Underwriters.

Erez Wolf, President and founder of Cybercom International Corporation said, “The longstanding relationship between our two companies, along with the ease of working together and entrepreneurial like minds, makes the acquisition a natural fit for Cybercom.”

Wolf will become Coastal’s Chief Technology Officer and President of Cybercom Technology, LLC. Keywords for this news article include: Coastal Insurance Underwriters, Mergers and Acquisitions, Technology.

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