Verisk Acquires Service Software

Industry-leading business management software to become part of Xactware Solutions.

 — Friday, December 22, 2017 — 

Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced it has acquired Service Software, a leader in business management software for the construction industry.

Service Software will become part of Xactware Solutions, a Verisk business that specializes in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries.

"This acquisition makes sense on so many levels," said Dan Long, president of Service Software. "With a team focus on the tightest integration with Xactware in the market we will reduce entry costs, errors and improve service."

Xactware’s claims assignment, management, and analytical network, XactAnalysis®, currently integrates with Service Software’s RestorationManager.net™,which provides online and mobile job management software for the home construction and home restoration industry. Xactware and Restoration Manager make it possible for restoration professionals to save time by sharing job information, reducing duplicate data entry, and increasing productivity.

Service Software also produces PunchlistManager.net™, which allows contractors to create a collaborative schedule for a contractor, field technicians, and trade partners and InspectionManager.net, which lets contractors automate inspection and quality assurance processes.

“Xactware and Service Software are proud to come together to support building and restoration contractors, and develop new solutions that will take the profession to the next level,” said Xactware president Mike Fulton.

To learn more, visit Xactware.com.

About Xactware

Xactware specializes in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries. Xactware’s tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms. Xactware’s services include repair cost research and reports, aerial imagery, and real-time business intelligence. Xactware has been providing cloud services for customers since 1995. Xactware is a Verisk (Nasdaq:VRSK) business. For more information about Xactware’s solutions, contact Xactware at 1-800-424-9228 or Xactware.com.

Twitter: Xactware

About Service Software

Based in Denver, Colorado, and founded in 1993, Service Software, LLC was created to meet the needs of the home building community. Inspired by design recommendations from the builder community over the last 23 years, the product has evolved into a flexible and adaptable service and warranty management tool that combines field collection devices such as laptops, tablets and smartphone devices with web and desktop based solutions.