Aon to Acquire Valley Oak Systems
20 Dicembre 2006 - 10:13PM
PR Newswire (US)
State-of-the-art RMIS addition CHICAGO, Dec. 20
/PRNewswire-FirstCall/ -- Aon today announced it has entered into a
letter of intent agreement to acquire Valley Oak Systems of San
Ramon, California. Aon expects to consummate the transaction by
January 31, 2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) Valley
Oak Systems (VOS) is the proven leader of claims management
software, services and support for the insurance industry. Its iVOS
"one- system" solution includes medical bill review, policy
underwriting, case management, billing, and event management
capabilities. VOS will integrate and share data seamlessly with
RiskConsole, Aon's state-of-the-art RMIS solution, creating the
only end-to-end browser-based offering in the global market. The
acquisition of VOS follows the successful integration of Risk
Laboratories, LLC (RiskLabs) in 2004. "We selected Valley Oak
Systems because of their exceptional reputation in the market,
their dedication to serving clients, and the high caliber of talent
within their organization," says Greg Case, Aon president and chief
executive officer. "By combining our strengths, we will create a
comprehensive risk management information system offering that will
have no peer in the marketplace." Randy Wheeler, founder and chief
executive officer of Valley Oak Systems, says, "During the last few
years, we've experienced tremendous growth in all aspects of our
business. With Aon, we'll continue this strong growth and provide
more comprehensive products and services to our clients. Since both
of our products are native to the Internet, we'll create the only
end-to-end browser-based insurance solution in the global
marketplace." eSolutions' Managing Director, Kathy Burns, says,
"With the addition of Valley Oak Systems, Aon will be able to equip
its risk professionals with cutting-edge claims administration
tools, enabling them to provide the highest level of service and
deliver distinctive client value." About Valley Oak Systems, Inc.
Founded in 1994, Valley Oak Systems has a history of providing high
quality software that has enabled its clients to achieve
outstanding claims management performance. Due to its
client-focused approach, Valley Oak Systems has established itself
as an industry leader, and its iVOS claims system has been
recognized for its business impact with the 2006 IASA Technology
Achievement Award. About Aon Aon Corporation (NYSE:AOC) (
http://www.aon.com/ ) is a leading provider of risk management
services, insurance and reinsurance brokerage, human capital and
management consulting, and specialty insurance underwriting. Aon
has 45,000 employees in 500 offices in more than 120 countries.
Backed by broad resources, industry knowledge and technical
expertise, Aon professionals help a wide range of clients develop
effective risk management and workforce productivity solutions. For
more information contact: Al Orendorff 312.381.3153
http://www.aon.com/newsroom Cynthia Chow 925-242-4600 This press
release contains certain statements related to future results, or
states our intentions, beliefs and expectations or predictions for
the future which are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results depending on a
variety of factors. Potential factors that could impact results
include: general economic conditions in different countries in
which we do business around the world, changes in global equity and
fixed income markets that could affect the return on invested
assets, fluctuations in exchange and interest rates that could
influence revenue and expense, rating agency actions that could
affect our ability to borrow funds, funding of our various pension
plans, changes in the competitive environment, our ability to
implement restructuring initiatives and other initiatives intended
to yield cost savings, our ability to execute the stock repurchase
program, our ability to obtain regulatory or legislative changes to
permit continuous sales of our supplemental Medicare health
product, changes in commercial property and casualty markets and
commercial premium rates that could impact revenues, changes in
revenues and earnings due to the elimination of contingent
commissions, other uncertainties surrounding a new compensation
model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors, and
federal regulators, the impact of class actions and individual
lawsuits including client class actions, securities class actions,
derivative actions, and ERISA class actions, the cost of resolution
of other contingent liabilities and loss contingencies, and the
difference in ultimate paid claims in our underwriting companies
from actuarial estimates. Further information concerning the
Company and its business, including factors that potentially could
materially affect the Company's financial results, is contained in
the Company's filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT: Al
Orendorff of Aon Corporation, +1-312-381-3153, ; or Cynthia Chow of
Valley Oak Systems, +1-925-242-4600, Web site: http://www.aon.com/
Copyright
Grafico Azioni AON (NYSE:AOC)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AON (NYSE:AOC)
Storico
Da Lug 2023 a Lug 2024