|By Business Wire||
|September 3, 2014 03:01 PM EDT||
Argo Group US Inc., a subsidiary of Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, announced today that it has completed an investment in Gleason Technology, a technology solutions company that provides automated inspection, food safety and related capabilities to various industries in domestic and international markets. The investment by Argo Group will enable Gleason Technology to accelerate sales growth and broaden its technology offerings.
Gleason Technology’s GleasonCCPI(Critical Control Point Inspection) platform for “All Things Inspected” operates on Android devices. Through real-time on-site data capture, coupled with cloud-based storage and retrieval, clients can automate volumes of recurring tasks across locations while centralizing reporting and monitoring. Among financial and other operational benefits, this leads to enhanced compliance with regulatory standards, including OSHA health and safety, food HACCP safety, FDA-required sanitation and others. The platform supports products such as GleasonESP (Electronic Slip and Fall Prevention), used by grocery stores, supermarkets, convenience stores and other businesses to positively influence employee behavior, improve operational efficiency and reduce accidents.
“Argo Group has enjoyed a long-standing business relationship with Gleason Technology,” commented Argo Group President and CEO Mark E. Watson III. “Their innovative inspection technology solutions improve risk management and reduce costs, resulting in a strong value proposition for companies and their insurance carriers. We see this as a mutually beneficial investment given their track record and growth potential within and beyond the insurance arena.”
About Gleason Technology, Inc.
Gleason Technology, Inc., is a Johnstown, Pennsylvania-based international software solutions provider for all things inspected. Gleason Technology products are currently used in more than 1,000 client locations in 16 countries. For more information, visit www.gleasontech.com.
About Argo Group International Holdings, Ltd.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook. For more information, visit www.argolimited.com.
This press release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally and also may differ materially from actual future experience involving any one or more of such statements. For a more detailed discussion of such risks and uncertainties, see Argo Group's filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo Group that Argo Group's objectives will be achieved. Argo Group undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Sep. 30, 2016 12:45 PM EDT Reads: 2,696
Sep. 30, 2016 12:45 PM EDT Reads: 4,480
Sep. 30, 2016 12:30 PM EDT Reads: 2,257
Sep. 30, 2016 12:30 PM EDT Reads: 477
Sep. 30, 2016 12:30 PM EDT Reads: 3,264
Sep. 30, 2016 12:15 PM EDT Reads: 3,219
Sep. 30, 2016 12:00 PM EDT Reads: 1,204
Sep. 30, 2016 12:00 PM EDT Reads: 2,516
Sep. 30, 2016 11:30 AM EDT Reads: 5,157
Sep. 30, 2016 11:15 AM EDT Reads: 1,568
Sep. 30, 2016 11:15 AM EDT Reads: 3,091
Sep. 30, 2016 11:00 AM EDT Reads: 505
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Sep. 30, 2016 11:00 AM EDT Reads: 555
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 30, 2016 11:00 AM EDT Reads: 3,993
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Sep. 30, 2016 10:45 AM EDT Reads: 2,761