ILC ARTICLE

CoreLogic Completes the Acquisition of Next Gear Solutions

17th September 2021

Expands Suite of Claims Workflow Solutions Designed to Transform and Digitize the Property and Casualty Insurance Claims Marketplace

Irvine, CA, September 15, 2021 – CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today announced the completion of its acquisition of Next Gear Solutions, a market leader in digital workflow platforms and solutions for the property restoration industry. The combination of Next Gear and CoreLogic’s Claims Connect platforms, gold standard property data and analytics, and tools provides insurance carriers and contractors a compelling choice to enhance and transform the claims experience for policyholders.

Next Gear Solutions, headquartered in Oxford, Miss., is the leading workflow platform provider for property restoration. Next Gear Solutions is the platform property insurers and restoration contractors trust to modernize their claims handling workflow. Next Gear’s cloud-based suite of market leading products, such as DASH, SettleAssist, and MICA, have transformed the way property insurers and contractors collaborate, driving better outcomes for those experiencing a property loss.

“The combination of CoreLogic and Next Gear introduces a more compelling alternative to the status quo,” said Garret Gray, founder and CEO of Next Gear Solutions. “We invite those seeking strategic agility to consider the breadth of our entire platform. We are committed to providing leading edge solutions that promote customer choice and will continue to work with all industry participants to ensure secure and customer-directed flow of data, so the market has expanded options.”

Frank Martell, president and CEO of CoreLogic said, “The entire CoreLogic team is excited to join forces with Garret and the Next Gear team as we expand our range of innovative best-in-class solutions for the restoration industry, insurance carriers and other market participants that collectively help millions of people to protect and restore the homes they love.”

Martell added, “The combination of Next Gear and CoreLogic creates a leap forward in claims handling technology, bringing customer focus, innovation and more optionality for all property insurance ecosystem stakeholders. There has never been a greater focus on transforming critical workflows in the insurance ecosystem and CoreLogic is committed to continuing to invest heavily in expanding our state-of-the art platforms and digital solutions that will drive innovation and make our customers more successful.”

Jefferies LLC served as exclusive financial advisor to Next Gear Solutions.