WeatherNet acquired by South West-based Claims Consortium Group entrepreneur
South West-based technology and data company, Synergy Cloud – part of Claims Consortium Group – today announces the acquisition of the majority stake in WeatherNet, the foremost weather data provider used by 90% of the insurance industry.
The Synergy Cloud deal with WeatherNet completed at the end of April for an undisclosed sum.
The move represents the further expansion of the data and technology arm of the Claims Consortium Group business, highlighting where the Group sees future growth opportunities as it builds upon its strong-hold providing data and software solutions to the UK insurance market and beyond.
CEO and Founder of Claims Consortium Group, Jeremy Hyams, comments: “We are thrilled to welcome WeatherNet to Synergy Cloud and the Group. As one of the most recognised and respected technology brands in the industry, the WeatherNet team have been pioneering claims data for over 25 years. The acquisition supports the Group’s wider growth strategy, enabling us to add a new dimension to our technology portfolio.”
The acquisition comes as Synergy Cloud also prepares to launch a ground-breaking sophisticated workflow technology that delivers a truly end-to-end solution for claims management.
Jeremy continues: “Designed by claims handlers, for claims handlers, this is first-of-its-kind, next generation claims technology. We’re harnessing the mass of technology and data talent we have within the business to revolutionise the way claims, and other services, are managed. The acquisition of WeatherNet, coupled with our product launch, adds to the growing cluster of exciting technology businesses around the Taunton and wider South West region.”