Tinubu Square acquisition of eSURETY : France-based Tinubu Square, which provides enterprise software solutions to credit and surety insurers, has acquired US-based premier surety underwriting automation platform eSURETY for an undisclosed price.
eSURETY marks the first corporate acquisition in the US for Tinubu Square and is said to fully integrate the two firms’ expertise in the credit insurance and surety sector.
Established in 1998, eSURETY is a cloud-based specialty software provider, which enables carriers, brokers, and MGAs to apply, quote, bond, issue, and support every form of surety securely apart from providing a powerful direct-to-the-consumer experience on any device from any browser across the world. The cloud-solution can be completely white-labeled or integrated with the branding and messaging of customers.
Commenting on Tinubu Square acquisition of eSURETY, Daniel T. Buckles – former CEO of eSURETY said: “For 21 years, eSURETY has been the award-winning leader in providing powerful cloud-based surety solutions, consistently recognized as the best-of-breed software solution for automated underwriting, account risk analysis, bond lifecycle management, and surety analytics at an enterprise level.
“Tinubu Square is the global leader in designing, producing, and servicing the largest providers of credit insurance and surety. The acquisition of the eSURETY solution, staff, and brand brings a great deal of highly complementary capabilities to both firms’ existing and future customers. We are united by a common culture based on a passion for innovating and driving the customer experience.”
Tinubu Square, on the other hand, is a SaaS platform vendor, which enables credit insurance and surety digital transformation. The French enterprise software solutions provider is said to have helped credit and surety insurers globally with software and services to help them offer best-in-class customer experience apart from significantly bringing down their exposure to risk and their financial, operational, and technical costs.
Jérôme Pezé – Tinubu Square Group founder and CEO, commenting on Tinubu Square acquisition of eSURETY, said: “By combining expertise and resources with eSURETY, Tinubu Square Group provides its end-to-end solutions to 30 of the top 60 credit and surety underwriters. This is a major step toward continuing our goal as the leading industry standard of excellence.
“Indeed, our clients are the source for innovation and permanent improvements and contribute to our technology roadmap and functional enhancement. Dan Buckles and his eSURETY team share our values of delivery excellence, reliability, and customer centricity.”