US-based organization ‘AVO’ providing Transportation and Language Solutions to acquire an Insurance Sector Product developed by Bhilai based Techment Technology
The proprietary product automates critical tasks for companies operating in the Workers’ Compensation Insurance (WCI) segment.
Techment Technology the leading provider of software and product development services announced today that US-based AVO Transportation and Language Solutions (AVO) will acquire their proprietary Insurance Sector product ‘Transassured’.
Transassured, an automation tool, conceptualized and developed by Techment Technology for automating and streamlining the processes of non-emergent Transport and Language (T&L) services offered by Managed Care Companies with respect to worker’s compensation Insurance.
Transassured has been deployed at AVO as a pilot for more than a year. The association with AVO has helped Techment further refine the product and make it more market ready.
”We have gained significant business benefits using Transassured to run our Transport and Language service offerings” said Gary L Nelson, CEO, AVO. “The realization of business benefits led AVO to buy out ‘Transassured’ and enter into the strategic alliance with Techment.”
Manish Agrawal, CEO, Techment said, “We are proud to say that the technology team of our company based in Bhilai has developed an innovative automation based product that is capable of disrupting US market. This clearly showcases how Tier 2 and Tier 3 cities in India are emerging as innovation hubs. Smaller towns are rapidly catching up with the metros in terms of opportunities and skill set. Now, one does not necessarily need to shift to a bigger city in order to fulfil their dreams. ”
The complete press release is here!