Patriot National Acquires Vikaran Solutions, LLC
As part of the transaction,
Vikaran and MPCS will become part of the company's technology subsidiary, Patriot Technology Solutions. These acquisitions will expand
"The acquisitions of Vikaran and MPCS gives us the ability to rapidly expand our technology-based service offerings," said
"We are very excited and pleased with the possibilities that are opened up by Patriot's acquisition of Vikaran. This is a huge win, not only for both companies but also for our current and future customers. Vikaran's innovative technology platform coupled with
"Our goal at Patriot is to deliver innovative technology and insurance solutions unmatched by any other provider. We have collaborated with Vikaran and MPCS for several years and I have the highest level of respect and confidence in their technical skills, innovative thinking and ability to execute. With the addition of Vikaran's core product, we offer a complete insurance value- chain solution which meets the needs of all our current and potential clients. We are delighted to welcome them to our team," said
About
Forward Looking Statements
This press release may include statements that may be deemed to be forward-looking statements. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "will," "plan," and "expect," or, in each case, their negative or other variations or comparable terminology. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements, including the impact of the transaction on EBITDA, the Company's customer base and its operations, as well as the matters discussed under "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended
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